ZYNLend
Preview The lending module isn't on testnet yet. Pool sizes and rates are examples; prices and Zyn's pools are live.
Zyn Lend
Lend ZEC, ETH or SOL, or borrow one against another. Rates and prices are public; positions are not.
A position past its line is auctioned: the price starts just above market and steps down each epoch. Every bid in an epoch pays the same price. Nobody sees whose position it was. Demo.
Each epoch the sequencer posts a price for each asset. If Zyn's own pool for a pair disagrees by more than 5%, new borrowing in that pair pauses. Repaying, adding collateral and liquidation carry on.
Every epoch the ledger checks each position against its line. One that crosses it is auctioned: the price starts just above market and steps down each epoch until bids cover the debt. The rest of the collateral goes back to its owner, and bidders never learn whose it was. See the demo →
If collateral sells for less than the debt, the shortfall is bad debt. It lowers the value of every share in the pool that lent the asset.
Positions are hidden from everyone watching the chain. The sequencer and replicas can read them, because they have to check them. Prices are posted by the sequencer, bounded by the pools.
Zyn Lend
Recorded from the ledger code with scripted ETH prices. Left: the borrower's wallet. Right: what the chain publishes.
Positions are notes only your Nap can open. Nothing on this page, and nobody watching the chain, can see them.
