TVL is the iUSD held by Strat's standard and Prop liquidity vaults, active funded-account subaccounts, and shared trading collateral store, minus accrued withdrawable protocol fees. The trading-store balance captures collateral locked in pending orders and open positions. Assessment-only viUSD, position notional, unrealized PnL, protocol-owned balances, and wrapper claims such as Cabal xSLP are excluded.
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