Loan Protector

A New Form of Limit Orders to protect your DeFi Borrow Positions.

Loan Protector

Created At

ETHGlobal Taipei

Project Description

The current DeFi lending and borrowing market revolves around in multi ecosystem space where we are offered variable forms of yields on different kinds of assets. I propose to develop a Limit Order based framework for borrowing positions whereby one could specify conditions on parameters such as Collateral Value, Debt Value, Loan-to-Value Ratio and Health Factor by attaching a asset which want to supply or deposit at a later period.

How it's Made

The project's smart contracts are developed in solidity with the use of Foundry. Currently, Limit orders can be created based on Aave Platform's conditions. The contracts are developed in a such to have cross-chain asset attachment whereby you could potentially deposit asset parked in a different chain and supply before a catastrophic event such as liquidation happen.

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