Lendroid is a trustless, open, peer to peer digital asset platform based on the Ethereal blockade. The Lendroid market allows borrowers to take advantage of fast, cheap digital assets loans and loans to earn interest on the digital assets they lend. In addition, holders of the Lendroid support token act as the guarantor of this loan by locking their LSTs as a secondary guarantee. The Lendroid platform is expanded by design and enables the creation of loan markets on any ERC20 token.
What is Lendroid?
Lendroid is a protocol without the quotes 0x, non-rent, trust-independent, open protocol that enables decentralized lending, margin trading and short supply on Ethereal blockchain. It aims to address the shortcomings of centralized exchange by creating a joint global pool of loans, and symbiotic off chain infrastructure supported by incentive participants - Relayers and Wranglers. Simply put, the Lender donates their offer to the lending pool via wirer, which then matches the offer with the appropriate merchant. Traders can use the loan funds to restrict trade, generate profits, and repay creditors.
Concept
Lendroid brings together creditors, digital asset borrowers, and guarantor who wants to secure this digital asset loan. A 'borrower' can guarantee a digital asset to borrow another digital asset from a creditor in no time. At the end of the loan period, the borrower has the option to extend the loan by adjusting the locked securities or paying off the loan with accrued interest - or he loses their collateral. Guarantor may choose to guarantee loans issued by one or more markets that they believe will remain dissolved by locking LSTs that act as a secondary guarantee for the loan.
Guarantor and lender are expected to understand the financial risks they face by participating in the lending market. The Lendroid platform does not guarantee profits for lenders or guarantor, and expects them to do due diligence before deciding to engage in any market.
Terminology
● Primary collateral - Digital assets locked by the borrower in the loan contract
● Secondary security - Digital assets locked up by the guarantor in the loan contract. The only digital asset that can act as a secondary guarantee is LST.
● Loan maturity - The date and time before the loan is expected to close.
● Secondary collateral pool - Pool of secondary guarantee fund which is under every market, conducted by one or more guarantor.
● Loan funds - Digital assets lent to the borrower.
● Pool loan funds - Pool loan funds are held by each market, conducted by one or more lenders.
How does Lendroid work?
A loan contract itself is quite straight forward. But then, who corrected the terms of the loan? How do borrowers find and persuade lenders? How do we ensure borrowers have an incentive to pay back? What happens if the borrower fails to pay for it? etc
Lendroid market allows the creation of several loan markets.
SHIFT 0X
Consider three key functions provided by the current public market - Exchange (regular trade), Trading Margin, and Lending. Since 0x - a protocol for peer-to-peer exchange of the ERC20 tokens was launched, a fully decentralized ecosystem consisting of these three functions began to seem very reasonable. The catalyst for this development is the 'Relayers' entity, which can provide incentives to facilitate order book ordering at 0x. The command itself is solved in blocking Ethereal by using smart contract.
The positive reception greeted by 0x is the latest illustration of a shift towards a completely trust-free, secure and decentralized exchange. The implications are remarkable, and new 0x relays such as Ethfinex, Radar and The Ocean have begun to enter the fray.
However, if 0x allows Exchange to work smoothly, the Lending and Margin Trading function remains outside the ecosystem. This is the missing piece united by Lendroid to create a comprehensive solution.
ETHICS PARENTHESIS
Ethical considerations rarely find a place in the discussion of the structure of the new cryptoeconomic model. However, in the case of Lendroid, they consider the context unique.
This protocol aims to continue the culture of justice inherent in the blockchain ecosystem. Lendroid sets out to achieve total decentralization and true trust independence at the most basic and reliable level. Lendroid is not agnostic or indifferent to belief, which, after all, is a positive phenomenon. It only recognizes and exploits the paradox - trust exists only in an environment independent of it. To quote a well-known Google adage, on Lendroid, his hope is that someone can not be evil. Further inside this whitepaper, you will see that this final state is sought by a two-pronged approach
A. Unreliable: Reliable, sensitive, conventional, trustworthy functions such as fund management are run on an on-line basis and through an accessible and uninterrupted contract of ethereal intelligence.
b. Symbiosis: Where an off-chain player is given an incentive to perform its function and growth trends and profits are proportional to other players in the ecosystem.
LENDROID FROM FOUR USERS JOURNEY
A more comprehensive and effective understanding of protocols can be achieved when approached from the journey of the users of the four main actors.
LENDER
Analogous to the creator of the 0x protocol, the lender broadcasts the loan offer to all decentralized exchanges (off-chain action). Of the various types of accounts in the Smart Lendroid Contract system, the Funding Account is available to lenders to deposit funds and offer loans from.
Each loan offer is a data packet called an offer object that contains loan terms, bid parameters, and associated ECDSA signatures. Loaded and hashed loan terms and parameters produce a 32 byte SHA3 tick mark called a hash bid. Lenders sign this offer-hash with their private key to produce ECDSA's signature.
As discussed in section 1, it is imperative that the Lenders' interests - which contribute to a pool of shared liquidity - are protected. This is enabled by leveraging the Lender to determine the main parameters in the bidding object.
Defining Objects
Off the chain, the Lender defines the bidding object with various parameters, the key between them
A. Loan Amount and Interest Rate: The Lender defines the number of offers (tokens offered and number of tokens units) and sets the interest to be calculated on a daily basis.
b. Expiration Period of Loan: Term of the loan since disbursed. At the time of expiration, the loan is called and, if the borrower so chooses, roll over with another loan.
c. Expiration Bid: The validity of the offer itself. On request of the token, the Lender may wish to change its bid to reflect different interest rates or token unit numbers. Setting a wise expiration time for a supply allows this flexibility, without having to be on-chain.
Lendroid Support Token
Fuel transactions in the Lendroid ecosystem
• LST is the original sign of the Lendroid protocol.
• This is a non-rent search, meaning it does not collect any fees for itself.
• User protocol (Lender, Margin Traders) pays the guard / enabler (Relayers, Wranglers) in LST.
• The amount of fees negotiated offline.
• The amount of fees negotiated offline.
ROAD MAP
Website: https://lendroid.com/
Whitepaper: https://lendroid.com/assets/whitepaper.pdf
Twitter: https://twitter.com/lendroidproject
Telegram: https://t.me/lendroidproject
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Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=966506
ETH: 0x0355d1379e9ffb7ed11d6eeb109567e0b6dc69c1
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