Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Degenchad on June 29, 2022, 06:36:41 PM
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zkLend is an L2 money-market protocol built on StarkNet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security.
The protocol offers a dual solution:
Artemis: Permissionless service for DeFi users without sacrificing decentralisation
Apollo: Permissioned and compliance-focused solution for institutional clients
(https://images.app.noshortlink/PkpBPYPxQarMEoaG9)
Lend
Users will be able to deposit their assets into a reserve pool, thereby providing liquidity to each money market. In return, users will get interest-bearing zTokens which represent their deposited share of the pool in addition to a claim on interest earned from the pool. The total assets in the pool grows over time from interest earned from borrowing, where the interest earned will depend on the interest rate model of each asset. Users can deposit any amount into the pool with no lock up period.
Borrow
Users will be able to borrow assets deposited into various money markets using their zTokens as collateral. The borrowers’ financing rate for each asset will depend on the interest rate model, which is a function of market demand and liquidity pool utilisation. Maximum borrowing amount is determined by users’ borrowing capacity. If the users’ total loan exceeds their borrowing capacity, their position may be liquidated to ensure the longevity of the protocol.