ETH — collateral.

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Description

🚀 ICFT — a decentralized lending protocol that we are currently developing from scratch. The core concept: a user deposits ETH/wBTC/wstETH as collateral, after which they can borrow ICFT. All key operations are executed via smart contracts. 🔹 ETH — collateral. The user locks ETH in the protocol, and the size of the available loan is determined by its value and the established LTV. 🔹 Debt is calculated in USD-equivalent. This allows separating the value of the debt from the number of ICFT tokens and correctly accounting for changes in the price of the collateral and the loan. 🔹 LTV and risk are controlled automatically. The protocol tracks the ratio of collateral value to debt and determines how safe the position is. 🔹 Interest is accrued automatically in accordance with the parameters of the interest rate model. 🔹 Liquidation works on-chain. If a position becomes under-collateralized, the protocol can initiate liquidation according to the established risk parameters. 🔹 Oracle is used to obtain price data and calculate the value of ETH and the debt. We are currently at the MVP stage and actively developing the protocol. Our goal is to go from a local prototype to public testing and gradually build a full-fledged DeFi infrastructure. 💡 We are currently especially looking for DeFi/Web3 enthusiasts, developers, and testers who are interested in watching the project from the very beginning and participating in its development. 👉 If you are interested — visit my profile and join the ICFT Telegram channel. We would be happy to have the first participants. [telegram]

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