Lending
Lending protocols are among the most critical activities conducted through DeFi. On XRPL, native lending protocols like XLS-66d are being developed. As on-chain activity grows and a wider variety of cryptocurrencies emerge and gain traction, the demand for lending activities on the XRPL is expected to increase steadily.
Additionally, with the growth of XRPL's sidechain ecosystem, the demand for lending protocols is anticipated to rise even further. Doppler Finance is developing lending protocols not only for XRPL but also for its sidechains, aiming to meet the growing needs of the ecosystem.
Core Features
Risk-isolated Lending Market
A Risk-Isolated Lending Market refers to independently operating money markets within a single protocol. Having multiple isolated lending pools brings the following advantages:
Customizable Token Composition: Each pool can have a different composition of tokens, allowing users to engage in deposit and lending activities with specific goals. Depending on how the tokens are configured, pools can be managed differently to meet specific objectives.
Risk Separation: Liquidations occurring in one isolated market do not affect the whole protocol, which enables the separation of risks. This isolation allows the lending protocol to handle more volatile assets or those with higher risk through isolated markets, without endangering the stability of the overall system.
In addition to the core pool consisting of major assets like XRP, USDC, and ROOT, Doppler Finance plans to introduce various isolated markets. These include LST pools specifically designed for leverage farming, as well as isolated markets composed of gaming tokens from the Futureverse ecosystem.
One-click Leverage Features
One of the primary goal of deposits and loans in the lending protocol is to establish leverage positions. However, users often experience inconvenience due to the repetitive process of depositing, borrowing, and swapping during leverage operations.
To address this, Doppler Finance plans to offer a One-click Leverage feature for LST pool that allows users to execute leverage staking position for ROOT with a single click. This feature operates through the following steps:
Setting Leverage Parameters: The user configures their desired leverage parameters, such as leverage ratio.
Executing a Leverage with One Click: With a single click, the entire leverage process is executed through smart contracts, automating all necessary steps to establish the leverage position.
Lending on XRP Ledger
Doppler Finance plans to support the XRP Ledger Native Lending Protocol as soon as it is launched on the mainnet. A detailed explanation will be provided following the protocol release.
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