Wait, how can your debt go down without even repaying it. We are not big fans of debt eating away users’ positions. So, here they are part of a bigger system that automatically earns from the activity happening around them. So now debt positions can earn value just by sitting idle: - You have the Protocol Safety Rate, which moves value from higher-leverage positions to lower-leverage ones. - You have the Adaptive Peg Defense, which redistributes fees generated by minting and redemptions across existing positions. - And you have pETH flows, which bring protocol-generated value back to users. Of course, having a collateral like pETH that appreciates in value is already pretty nice. But having an entire position that can earn, while its own debt can decrease, is even better.