Clynto Protocol Documentation

Overview

Clynto is a decentralized finance (DeFi) platform that enables users to leverage their cryptocurrency and NFT assets as collateral for stablecoin loans. The protocol is designed to provide a borrower-centric ecosystem, where users retain control over their assets and are empowered to choose loan terms and interest rates, all governed by a community-driven system. Clynto operates across multiple blockchain networks, including Solana and Ethereum (Base), ensuring enhanced performance, security, and accessibility.

DOCS:

Clynto Protocol Fees

Governance Documentation

Liquidation Documentation

Dynamic Adjustment of Liquidation Point in Governance

Nectar Points System Documentation

Loan Health Monitoring System

Daily Interest Calculation

Off-Chain Wallet Auth for Lender Investment Offers

Protocol E2E Tests

Key Features

1. Borrower-Centric Lending

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

2. Community-Driven Governance

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

3. Multi-Chain Support

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

4. Liquidation Mechanisms

1. 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.
2. 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

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

6. Rewards System

1. 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.
2. Incentives for Participation: The rewards system is designed to incentivize active participation, supporting platform growth and user engagement.