Wildcat
The Wildcat Protocol is a hands-off credit facilitation protocol that enables the deployment of markets by pre-authorised (KYC’d through protocol) borrowers. Market parameters are arbitrarily parameterisable subject to these parameters falling within the bounds of controllers registered with the protocol registry. Borrowers must - at present - select their own lender lists explicitly.
Collateral Deposit
Collateral deposits must not be allowed when the protocol is in a paused state.
X
The protocol is designed with complete decentralization in mind, so a pause feature has not been implemented.
The block state of the market where collateral is deposited must be updated to the latest status.
O
-
Collateral Withdraw
Users can withdraw collateral only within the limits that do not exceed the set Loan-to-Value (LTV) ratio.
O
-
The block state of the market where collateral is withdrawn must be updated to the latest status.
O
-
Borrow
Loans must not be allowed when the protocol is in a paused state.
X
The protocol is designed with complete decentralization in mind, so a pause feature has not been implemented.
The borrower must be registered in the relevant market.
O
-
After executing the loan, the market's total borrow amount must not exceed the set borrow cap.
O
-
Borrowers cannot exceed the Loan-to-Value (LTV) ratio relative to their collateral.
-
Since it is a credit-based loan, there is no concept of Loan-to-Value (LTV).
Before executing a loan, the target market's block state must be updated to the latest status.
O
-
Repay
The block state of the repayment market must be updated to the latest status.
O
-
Repaying more than the borrowed amount is not allowed.
O
When closing the market, any excess amount is refunded.
Liquidation
The liquidator can only liquidate borrowers whose Loan-to-Value (LTV) ratio exceeds the limit, resulting in a liquidity shortfall.
-
Since loans are issued based on credit, there is no liquidation.
The liquidator's repayment amount must not exceed the close factor relative to the borrower's total borrow amount.
-
Since loans are issued based on credit, there is no liquidation.
Both the market for the borrowed asset and the collateral asset must be updated with the latest block information.
-
Since loans are issued based on credit, there is no liquidation.
The liquidator and the borrower cannot be the same account.
-
Since loans are issued based on credit, there is no liquidation.
The amount of collateral the liquidator receives cannot exceed the total collateral balance of the borrower.
-
Since loans are issued based on credit, there is no liquidation.
The collateral and borrowed assets involved in the liquidation must be under the same administrative entity.
-
Since loans are issued based on credit, there is no liquidation.
Interest and Reward
The borrow interest rate must not exceed the set maximum value.
O
-
During interest calculation, related state variables like total reserves, total borrows, and market indices must be updated to their latest statuses.
O
-
For fixed-point arithmetic, steps should be taken to prevent rounding issues in low decimal places, such as using correct operation order or a fixed-point library.
O
-
Oracle
The price of the underlying asset retrieved from the oracle must not be zero; if the price is zero, the transaction should be halted.
-
The concept of the oracle is different.
The interest calculation must reflect the most up-to-date state.
-
The concept of the oracle is different.
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