iLend – The First Native Money Markets Protocol on Injective

Project description

iLend is a decentralized finance protocol developed on the Injective network. It offers the ability to engage in lending and borrowing activities in a decentralized, transparent, and efficient manner. The protocol leverages Injective Protocol’s ability to offer fast, secure, and EVM-compatible DeFi transactions across multiple blockchain ecosystems.

Project features

1. Basic borrow and lend functionality.
2. The Stablecoins markets feature maximizes capital efficiency when collateral and borrowed assets have correlated prices. For example, DAI, USDC, USDT are all stablecoins pegged to USD. These stablecoins are all within the same category. Accordingly, a user supplying DAI in this category will have higher collateralization power when borrowing assets like USDC or USDT.
3. Collateral switch The Collateral switch feature allows the user to switch supplied liquidity in one asset type to another asset type without a separate withdrawal and supply transaction (for example switching USDC to DAI in a single transaction).
4. Margin positions: Effectively portfolio + global margining margin account: user can deposit to a subaccount owned by the contract but belongs to the user. The user can create positions and orders from the subaccount that’s immediately counted as collateral. But it won’t earn lending yield.

Zpoken developed

Built on the advanced Injective blockchain, our lending protocol exemplifies technical finesse in decentralized finance. It leverages Injective’s network, ensuring rapid transaction processing and reduced costs, a significant improvement over traditional Ethereum mainnet-based systems.

iLend protocol integrates seamlessly with the Injective ecosystem, harnessing its interoperability to support a wide array of assets. This allows users to engage in lending and borrowing activities across various blockchains without the need for centralized intermediaries, thus enhancing the user experience and expanding market reach.

We’ve implemented a robust and secure smart contract system designed specifically for the Injective blockchain. These contracts are meticulously crafted to facilitate essential lending protocol functions, including collateral management, interest rate calculations, and liquidation mechanisms. They are also optimized for efficiency and security, ensuring the safety of user funds and the integrity of their transactions. The protocol’s architecture is designed for scalability, enabling it to handle a growing number of assets and users without compromising on performance. This scalability is vital for adapting to the evolving DeFi landscape and meeting the increasing demands of users.

Blockexplorer: https://testnet.explorer.injective.network/contract/inj1ulkyckufg8f0q20nsavcq5shcttq0n8nlc39t4/

Github:
https://github.com/i-Lend-org/iLend-smart-contracts/