The Lendroid Protocol V1 is Now Complete – Lendroid

The Lendroid Protocol V1 is Now Complete – Lendroid

The way forward

Development of V2 is already under way, and we look forward to sharing progress regularly. We also look forward to branching off a few series of discovery, to talk about some elements of our architecture; how you the user can deploy some of these elements yourself, and some alternative use cases as well. Broadly, here are a couple of directions we’re looking at –

1. The Relayer Series: How you can spin up your own Relayer. This is not just about filling order books, but an effort towards designing actual UX. The relayer would interact with the protocol behind the scenes. You could set your own relayer address, you have the freedom to support ERC20 tokens of your choice. You could even explore how meta transactions can be enabled. The first post on the Relayer series will describe Reloanr, a secondary market for ERC20 tokens and a first use case dApp for the protocol.
2. The Wrangler Series: Wrangler is an original Lendroid concept. An off-chain player incentivized to work for the well-being of the protocol. In v1 of the Simple Wrangler, you can
   1. Approve a loan request
   2. Monitor loan health
   3. Liquidate defaulted loans
   4. Set margin levels
   5. Decide which price feed oracle to use for the supported tokens

The possibilities are endless. In V1, we’ve got the simple wrangler enabled. The code is available on GitHub, at this link. The Simple Wrangler client is currently written in Python, and can be deployed to a server of your choosing. The series will also explore how you can deploy the Wrangler in multiple environments.

Published at Sun, 21 Apr 2019 18:25:59 +0000