X Lending

X-lending is a new lending protocol with secure and isolated liquidity.

The protocol is inspired by the technical paper of Aave V3, and the protocol code is independently completed by the platform. The implementation details are different from aave V3, and some improvements have been made to the yield curve of the lending boundary situation.

Similar to Aave, when users deposit assets, they receive deposit coins and immediately begin to accrue interest; When lending assets, users receive loan coins and immediately begin to accrue interest.

Both types of tokens are non transferable. Assets are divided into two types, high liquidity assets and segregated assets. Among them, high liquidity assets have some currency groups that form homogeneous assets, such as CFX, xCFX, etc.

Therefore, users can freely set the three modes they want to use when there is no deposit or loan: high liquidity mode, homogeneous mode, and isolated mode.

The initial settings of the account are in high liquidity mode, where you can use high liquidity assets as collateral to lend out any asset;

The homogeneous mode is designed to improve asset utilization while ensuring safety. Currently, there are two main groups of assets: Stablecoins (USDT, USDC, xUSD) and CFX & derivatives (CFX and xCFX). When selecting this mode, you can only deposit or borrow assets from the selected group. However, your collateral ratio and other parameters will be significantly increased allowing you to maximize asset utilization.

The isolation mode is designed to use some long tail assets, such as currencies that are only circulating on the local chain. When selecting this mode, you can only deposit the high-risk asset variety you have chosen, and can only lend xUSD, with a limit on the amount that the entire chain can lend.