Venue-Priced NFT Pawns: Simulated Liquidation Quotes, Transferable Redemption Rights and Recognized Lender Losses

Collateralized lending depends on both a valuation rule and an executable recovery path. This report examines StaccpadPawn, which advances quote tokens against an NFT using a simulated sale into the collection's configured automated market, optionally compared with the collection's own redemption quote. A tagged revert returns the simulated payout without retaining the swap's state changes. Debt accrues through a utilization-dependent index; a transferable NFT ticket carries the right to repay and recover collateral. Liquidation uses the configured venue and recognizes actual balance changes, paying a bounty before allocating recovery to debt and any surplus to the current ticket holder. A fresh isolated build passed 19 local tests covering quote equivalence, borrowing, interest, repayment, ticket transfer, liquidity-constrained withdrawals, admission checks and liquidation. The market-drop scenario realizes a loss to lenders rather than leaving unrecovered debt in reported assets. These results do not establish manipulation-resistant valuation, profitable lending, complete curve-path coverage or improved access for unbanked people. The study makes the contract's debt, control and loss-allocation rules explicit. Preparation of this report was assisted by Codex. The research programme is directed toward human agency, financial inclusion, and evidence-based accountability. Intended social benefits are distinguished from measured technical results in the manuscript. The manuscript and newly authored analysis are offered under CC BY 4.0. Any supplied source files retain the license terms stated in the supplement; the record license does not replace third-party source licenses.