something about an emergency pause kept bothering me.
i assumed pausing Trustless Bitcoin Vaults (TBV) would mean freezing every route around the collateral.
the documented controls are more limited than that.
TBV supports two operational pause states, both governed by the Security Council quorum.
A soft pause blocks new deposits, borrows and withdrawals, while repayments, liquidations and Vault Swap operations remain available.
A full pause blocks all on-chain state-changing actions across...