RSICs

Learn more about RSICs here: https://www.ord.io/57066799.

When individuals lend and borrow against RSICs, it becomes crucial to understand the status of accrued runes during and after the loan period. Throughout the loan period, the DLC (Discrete Log Contract), acting as a non-custodial escrow, mints the runes.

Based on the loan outcome, either borrowers or lenders become eligible to receive/claim the runes at a later stage when they are released. If the borrower repays their RSIC loan on time, the mined runes belong to the borrower. In the event of the borrower defaulting on the loan, both the mined runes and the RSIC belong to the lender.

We are currently in communication with the Runecoin team to explore ways to simplify the distribution process for future runes. Further details will be shared when the timing is appropriate.