Dual-pool architecture
ElaraLend introduces a groundbreaking Dual-pool makret architecture that revolutionizes DeFi lending. This architecture consists of a main pool and multiple satellite pools, each serving distinct purposes while working in harmony to maximize efficiency and minimize risk.
In the main pool, assets serve dual functions as both collateral and loan assets. Conversely, satellite pools are tailored for specific use cases, supporting LSTs as collateral and ETH as the loan asset. This specialization allows for optimized management of different asset types.
Key Features:
Risk isolation by design: The two-layer structure inherently isolates risks between the main pool and satellite pools. This segregation ensures that potential issues in satellite pools don't compromise the stability of the main pool, enhancing overall system security.
Optimized for LRT/LST collateralization: Satellite pools are specifically designed to effectively utilize Liquid Staking Tokens (LSTs) as collateral. This specialized approach allows for higher efficiency in managing these increasingly popular DeFi assets.
Seamless cross-pool borrowing: ElaraLend enables sophisticated cross-pool borrowing operations. Users can, for instance, deposit LSTs like weETH as collateral in a satellite pool and borrow USDC from the main pool. Behind the scenes, ElaraLend automatically manages the multi-step process: borrowing ETH against the LST in the satellite pool, then using this ETH as collateral in the main pool to borrow USDC.
ElaraVault Integration: The structure is inherently compatible with ElaraVault, allowing for dynamic allocation of ETH liquidity across all pools. This integration optimizes capital efficiency and enables more competitive borrowing rates.
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