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Protocol Components

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Key Features

1. Borrower-Centric Lending

  • Custom Loan Terms: Borrowers can define loan terms, including duration and requested amounts.
  • Asset Control: Borrowers retain ownership of their collateral throughout the loan term.
  • Flexible Collateral Options: Both fungible (ERC20) and non-fungible tokens (ERC721) can be used as collateral.

2. Community-Driven Governance

  • Voting Mechanisms: CLY token holders participate in governance decisions, such as setting interest rates and LTV ratios.
  • Incentive Voting: Participants earn Clynto Nectar points for engaging in governance activities, which can be redeemed for various benefits.
  • Proposal Lifecycle: Proposals are submitted, reviewed, and voted on by the community, ensuring a transparent and democratic decision-making process.

3. Multi-Chain Support

  • Blockchain Networks: Clynto operates on Solana and Ethereum (Base), providing users with flexibility and enhanced transaction speeds.
  • Interoperability: The protocol supports cross-chain operations, allowing assets to be moved and utilized across different networks.

4. Liquidation Mechanisms

  • Liquidation Notice: Lenders can issue a liquidation notice under specific conditions, such as when the loan duration is not exceeded, but the liquidation point has not been reached.
  • Instant Liquidation: If the loan duration has passed or the liquidation point is reached, lenders can initiate instant liquidation of collateral.

5. Interest Rate and Loan Term Management

  • APR Tiers: Interest rates are determined based on Loan-to-Value (LTV) ratios, which are governed by the community.
  • Loan Term-Based APR: APR is calculated on a daily basis according to the specific loan term defined by the borrower.
  • Maximum Loan Term: Governance defines the maximum allowable loan term, ensuring loans remain within safe boundaries.

6. Rewards System

  • Clynto Nectar Points: Users earn points for various activities such as borrowing, lending, staking, and governance participation. Points can be redeemed for fee reductions, CLY tokens, and exclusive NFTs.
  • Incentives for Participation: The rewards system is designed to incentivize active participation, supporting platform growth and user engagement.
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