Solana\’s lending agreement Soland released the Soland V2 white paper to introduce risk management and improve decentralization

It is reported that Solend has released the Soland V2 white paper on the loan agreement on Solana to introduce risk management and improve decentralization. According to the white paper, Solend V2 will include: protected collateral, TWAP oracle, loan proportion, outflow rate limit, mortgage limit, isolation layer assets, dynamic clearing bonus, trilinear interest rate model, risk authority, on-chain metadata, disposal of abandoned assets, on-chain liquidity mining without permission, account entrustment, lossSocializing, etc. Solend V2 will be released in the next few months.

Interpretation of this information:

Solend is a protocol that operates on the Solana blockchain and offers decentralized lending services to its users. The protocol has recently released its white paper for its second version, Solend V2. The white paper outlines the changes and updates that Solend intends to bring to its platform.

One of the primary goals of Solend V2 is to introduce improved risk management measures to reduce the potential for loss when using the platform. To achieve this, Solend V2 will include features such as protected collateral, outflow rate limits, mortgage limits, and a risk authority. Protected collateral will ensure that users’ collateral is kept safe even if the value of the asset bonded to it decreases below a certain threshold. The outflow rate limit will prevent excessive outflows of assets, minimizing the risk of liquidity shortages. The mortgage limit will prevent users from taking on excessive amounts of debt, while the risk authority will help to manage overall platform risk.

Solend V2 will also feature a trilinear interest rate model that adjusts interest rates based on supply, demand, and utilization, making borrowing and lending more efficient. The protocol will also include a new dynamic clearing bonus, which rewards users who help to clear the protocol’s liquidation queues.

Furthermore, Solend V2 will incorporate an isolation layer asset to increase decentralization further. This layer separates user assets from other users and the main protocol, making Solend a more secure platform. Additionally, the protocol will implement an on-chain liquidity mining feature without permission, which will reward users with tokens for borrowing and lending activities.

Solend V2 will also incorporate other features such as on-chain metadata, account entrustment, and loss socializing. On-chain metadata will help the protocol keep an accurate record of user transactions and help automate the lending process. Account entrustment will allow users to delegate control of their account to another party, while loss socializing will allow the platform to distribute losses fairly amongst users.

In conclusion, Solend V2 aims to improve the overall risk management of the platform while also including features that increase decentralization and efficiency. Users can expect Solend V2 to be released in a few months, bringing new tools for borrowers and lenders in the DeFi space.