Lendroid - Decentralized Margin Trading

What Lendroid Offers
Lendroid is a trustless, open, peer to peer digital asset lending platform based on the Ethereum blockchain.

The Lendroid marketplace enables borrowers to avail instant low-cost digital asset loans and lenders to earn interest on the digital assets they lend. Additionally, Lendroid support token (LST) holders act as guarantors of these loans by locking up their LSTs as secondary collateral. The Lendroid platform is extensible by design and allows the creation of loan markets on any ERC20 token.

Lendroid seeks to overcome on-chain limitations of latency and impractical gas cost by creating a symbiotic off-chain infrastructure supported by incentivized participants. The native token keeps the network operational, fuels the utility layer of the protocol and offers security to community governance. The ecosystem nurtures a decentralized, global, shared lending pool.

Value Lendroid
Non-Rent-Seeking Protocol
Lendroid is non-rent-seeking, where all transaction throughput goes to the off-chain utility actors - the 0x based Relayers and the newly introduced Wranglers - who coordinate to make the network stable.

Trust-Independent and Autonomous
Smart contracts ensure no custodianship of user funds, thus mitigating counterparty risks. This lets users and off-chain keepers manage their operations without being controlled by a central authority.

Interoperability and Shared Liquidity
Supports multiple exchanges and is compatible with exchange protocols, thus contributing to a global shared liquidity pool. Lenders facilitate a global shared lending pool thereby enhancing lending liquidity.

Concept
Lendroid brings together lenders, borrowers of digital assets, and guarantors who wish to guarantee these digital asset loans. A ‘borrower’ can collateralize a digital asset to borrow another digital asset from lenders for a short period. At the end of the loan period, the borrower has the option to extend the loan by adjusting the collateral locked or repay the loan along with the accrued interest – or he/she stands to lose their collateral. Guarantors can choose to guarantee loans issued by one or more markets they believe will remain solvent by locking up LSTs which act as secondary collateral for a loan.

The guarantors and lenders are expected to understand the financial risks they expose themselves to by participating in the loan markets. The Lendroid platform does not guarantee profits for lenders or guarantors, and expects them to perform their due diligence before deciding to involve in any market.

Terminology

● Primary collateral – Digital asset locked up by the borrower within a loan contract
● Secondary collateral – Digital asset locked up by the guarantor within a loan contract. The only digital assets that can act as secondary collateral are LSTs.
● Loan expiry – The date and time before which the loan is expected to close.
● Secondary collateral pool – The pool of secondary collateral funds held under each market, committed by one or more guarantors.
● Loan funds – A digital asset that is lent to the borrower.
● Loan funds pool – The pool of loan funds held by each market, committed by one or more lenders.

Lendroid Support Token
Fuels transactions in the Lendroid ecosystem
• LST is the native token of the Lendroid protocol.
• It is non-rent seeking, meaning it does not collect any fee for itself.
• Protocol users (Lenders, Margin Traders) pay keepers/enablers (Relayers, Wranglers) in LST.
• The fee amounts are negotiated offline.
• Fee amounts are negotiated offline.

Roadmap