Do FalconX and GSR deals explain when pledged coins can be reused or sold?

"The guarantee is supported by pledges of specified digital assets, consisting of Injective protocol tokens, which serve as collateral for the loan. The collateral is subject to ongoing collateral maintenance and margin requirements based on its fair value."

"Under the terms of the financing agreements, Voltedge Ltd. is contractually required to provide additional collateral or margin support in the event that the fair value of the pledged Injective tokens declines below the required maintenance threshold specified in the loan agreements."

"The guarantee and collateral arrangements do not result in the transfer of ownership or control of the Company’s digital assets to Voltedge Ltd., except for customary lender rights that may arise upon the occurrence of an event of default, including the right to enforce security interests in accordance with the terms of the loan and collateral agreements."

"The FalconX Loan contains customary events of default and collateral protection provisions."

"Margin support may be satisfied through the contribution of additional Injective tokens or other acceptable collateral, as defined in the financing arrangements."

"The collateral is subject to ongoing collateral maintenance and margin requirements based on its fair value. Under the terms of the financing agreements, the Injective Foundation is contractually required to provide additional collateral or margin support in the event that the fair value of the pledged digital assets declines below the required maintenance threshold specified in the loan agreement"

"The Company also entered into related financing and collateral arrangements with FalconX in connection with this facility, including a loan receivable of $ 5,000,000 , representing amounts advanced as part of the collateral structure."

"The guarantee and collateral arrangements do not result in the transfer of ownership or control of the Company’s digital assets to the Injective Foundation, except for customary lender rights that may arise upon the occurrence of an event of default, including the right to enforce security interests in accordance with the terms of the loan and collateral agreements."

"As of February 28, 2026, the Company was in compliance with all covenants and collateral maintenance req"

"Also, in connection with the ISDA Master Agreement, on September 30, 2025, the Company entered into a Credit Support Annex to the ISDA Master Agreement, which sets forth the terms and conditions upon which the Company will be required to deliver additional collateral to FalconX (and FalconX will be required to return collateral to the Company) depending upon the mark to market exposure under the I"

"Certain events of default will apply to the Transactions under the ISDA Master Agreement and Schedule, including, but not limited to, failure to pay or deliver, breach of the agreement, credit support default, cross-defaults and misrepresentation."

"The value of the collateral shall equal the INJ amount equal to USD 1,500,000 valued consistent with valuation provisions in the executed term sheet dated September 1, 2025 between the Company and White Lion Capital, LLC."

"The facility is secured by a corporate guarantee from Coopers Financial Group and pledges over certain digital-asset holdings."

"Margin Call Limit: 115% Default Limit: 105%"

"Collateral: 185 BTC Initial Collateral Ratio: 133%"

"Collateral Haircut: None."

"Maturity Date: May 26, 2026 ... All accrued and unpaid Loan Fee owed with respect to the Loan, calculated from the Loan Effective Date up to and including the Maturity Date, shall be aggregated and shall become due and payable in a single lump sum on the Maturity Date."

"About **7,303,725** INJ, valued at **47,719,617**, plus **5,424,320** of restricted cash, secured **19,440,258** outstanding under a FalconX credit fa..."

"A FalconX facility totals $20.0 million, with $18.97 million outstanding at 10% interest"

"a separate $5.0 million loan receivable tied into the col..."

"on September 30, 2025, the Company entered into an International Swaps and Derivatives Association 2002 ISDA Master Agreement (the “ ISDA Master Agreement ”) with FalconX Bravo, Inc. (“ FalconX ”) facilitating the Company to enter into derivative and/or hedging transactions (the “ Transaction ”) to manage the risk associated with its INJ Treasury Strategy."

"the Company entered into a Credit Support Annex to the ISDA Master Agreement (the “ Credit Support Annex ”), which sets forth the terms and conditions upon which the Company will be required to deliver additional collateral to FalconX (and FalconX will be required to return collateral to the Company) depending upon the mark to market exposure under the ISDA Master Agreement and the value of the co"

"Certain events of default will apply to the Transactions under the ISDA Master Agreement and Schedule, including, but not limited to, failure to pay or deliver, breach of the agreement, credit support default, cross-defaults and misrepresentation."

"The structure of the Transactions may include swaps, caps, floors, collars, locks, forwards and options."

"Collateral pledged by other parties, if any and rehypothecatable, can be simply added to the available pool of eligible collateral."

"CSA haircuts, e.g., 5% for 10 year US Treasury notes, are pre-agreed and static. Upon receiving securities, the secured party has to turn to the repo market to access cash. Repo haircuts, however, are known to be dynamic and procyclic, lower in an expansion cycle and higher in a contracting cycle."