FluidTokens Don Launch Lending V4 for Cardano Mainnet

FluidTokens don release im Lending V4 application for Cardano mainnet on September 18, give users access to new production markets for lending and collateralized borrowing.

Di release follow public preview wey dem open earlier for di month and e activate di protocol redesigned pool, automation and position management architecture.

V4 Open New Cardano Lending Markets

FluidTokens na noncustodial DeFi ecosystem wey launch for Cardano in 2022. Im lending model allow users create liquidity pools, define lending conditions and accepted collateral, or borrow assets from pools wey match their requirements.

For V4, lender go create pool wey one unique NFT go identify and set di supported assets, interest rate, maturity, collateral and liquidation conditions. Borrowers fit access compatible pool or combine liquidity from multiple pools inside one Cardano transaction.

Collateral go remain locked inside smart contract, while repayments go dey sent directly go di lender designated address. FluidTokens no dey take custody of user assets. ADA wey remain unused inside pool fit continue to generate Cardano staking rewards.

Di architecture support static and dynamic pools. Static pools go follow conditions wey lender establish, while dynamic pools fit use loan to value data and oracle feeds to calculate available borrowing capacity.

V4 still include installments, grace periods, late payment penalties, refinancing and recasting. Recasting dey reduce di outstanding principal without replacing di loan, while refinancing dey use liquidity from new loan to repay existing position.

Automation and Transferable Positions Expand di Model

V4 allow lenders enable automated liquidations and optional compounding of repaid principal.

Bots fit monitor loan health, execute eligible liquidations and return available principal back to di original pool. Operators dey receive fees wey lender establish for completing those transactions.

Di automation connect V4 with FluidTokens Aquarium infrastructure. Aquarium dem develop am as decentralized transaction fee market wey allow Cardano users and applications sponsor transactions or pay fees with native tokens.

Aquarium operators wey satisfy di required $FLDT staking conditions fit compete to execute lending operations, including liquidations, collateral conversion and principal compounding. Di protocol fit combine those actions inside one transaction when di pool and loan parameters allow am.

V4 still represent lender and borrower positions through NFT bonds. Depending on di original loan conditions, those bonds fit transfer or sell.

Lender fit sell active position to compatible pool and recover di principal before borrower complete repayment. Di receiving pool must accept di same parameters, hold sufficient liquidity and operate without permissioned restrictions.

Borrower positions self fit transfer unless di loan terms clearly stop am. Dis one create secondary market for lending positions instead of require every lender to remain inside loan until repayment or liquidation.

Permissioned pools fit require specific KYC token before liquidity go dey accessible. Native multisignature support still allow institutions and bigger liquidity providers manage deployed capital through multiple authorized signers.

Open Source Contracts Enter Production

FluidTokens don publish di V4 smart contracts as open source Aiken code. Di repository document static and dynamic pools, multiple oracle models, CIP-113 smart token support and composability with other Cardano DeFi protocols.

Di protocol still give lenders several liquidation structures, including direct collateral claims, Dutch auctions and oracle based liquidations. Lenders fit determine whether liquidated collateral go return directly or convert into di original principal asset.

Di official FluidTokens audit page currently list completed audit for P2P and Pool Lending V3, but e never provide separate final V4 audit report. Di main public lending guide still carry V3 label.

Di absence of published final V4 report no mean say di contracts no get audit, but e make di completed scope and findings no dey available for independent public review. Smart contract, oracle and liquidation risks still apply to users wey dey interact with di new markets.

V4 move FluidTokens from preview go live production with pooled liquidity, automated servicing and position transfers wey dey operate inside one Cardano application. Im public code dey available now, while V4 specific audit disclosure and updated user documentation never show for di project official documentation site.