Wildcat Protocol Documentation
  • The Wildcat Protocol
  • Overview
    • The Elevator Pitch
    • Whitepaper
    • FAQs
  • Using Wildcat
    • Terminology
    • Onboarding
    • Day-To-Day Usage
      • Borrowers
      • Lenders
      • Market Access Via Policies/Hooks
      • The Sentinel
    • Protocol Usage Fees
    • Delinquency
  • Technical Overview
    • Security/Developer Dives
      • The Scale Factor
      • Core Behaviour
      • V1 -> V2 Changelog
      • Known Issues
      • Hooks
        • How Hooks Work
        • Access Control Hooks
        • Fixed Term Loan Hooks
    • Function/Event Signatures
      • /access
        • AccessControlHooks.sol
        • IRoleProvider.sol
        • MarketConstraintHooks.sol
      • /interfaces
        • IHooks.sol
        • IMarketEventsAndErrors.sol
        • IWildcatArchController.sol
        • IWildcatSanctionsEscrow.sol
        • IWildcatSanctionsSentinel.sol
      • /market
        • WildcatMarketConfig.sol
        • WildcatMarketToken.sol
        • WildcatMarketWithdrawals.sol
        • WildcatMarketBase.sol
      • /spherex
        • ISphereXEngine.sol
        • ISphereXProtectedRegisteredBase.sol
        • SphereXConfig.sol
      • HooksFactory.sol
      • IHooksFactory.sol
      • WildcatArchController.sol
      • WildcatSanctionsEscrow.sol
      • WildcatSanctionsSentinel.sol
    • Protocol Structs
    • Contract Deployments
  • Security Measures
    • Code Security Reviews
    • SphereX Protection
    • Bug Bounty Program
  • Legal
    • Wildcat Terms Of Use
    • Risk Disclosure Statement
    • Template MLA
    • Privacy Policy
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On this page
  • For Borrowers
  • For Lenders
  • Interested?
  1. Overview

The Elevator Pitch

The core premise of a Wildcat market is simple: enabling undercollateralised borrowing and lending.

Wildcat is a decentralised protocol designed to enable undercollateralised borrowing and lending. Unlike typical overcollateralised solutions, Wildcat empowers borrowers to shape their loan terms while offering lenders new opportunities to deploy capital in ways they may not have previously considered.

Whether you’re a market maker, investment fund, staking collective, solver, DeFi protocol seeking liquidity, or a lender looking for competitive returns, Wildcat connects both sides of the credit market with greater flexibility and transparency.

For Borrowers

Wildcat allows borrowers to create customised markets that suit their specific credit needs. You have full control over the loan terms, including:

Loan Amount and Interest Rates:

  • Define the amount you wish to borrow and the fixed interest rate you’re willing to pay. For example, you could create a market for 4,000,000 USDC at a 15% annual rate, where 25% of any deposits must stay in reserve.

Redemption Terms:

  • Specify repayment windows and penalty rates. For example, you might offer lenders seven days’ notice for withdrawal requests, with an additional 10% penalty rate if you exceed the repayment deadline.

Lock-Up Periods:

  • Choose whether lenders can withdraw immediately or after a predetermined lock-up period (e.g., six months). APR reductions are not permitted for fixed-term markets, although options are available to enable early maturity or early market closure.

Deposit Requirements:

  • Set minimum deposit amounts (e.g., 100,000 USDC) and compliance checks such as on-chain OFAC sanctions screening.

Transferability of Debt Tokens:

  • Decide whether debt tokens are freely tradable, restricted to approved lenders, or non-transferable.

Wildcat’s on-chain infrastructure simplifies middle and back-office functions, replacing manual processes like OTC negotiations via Telegram. Whether you’re a DAO raising operational funds without selling tokens or a business seeking working capital, Wildcat offers a streamlined, transparent alternative. Additionally, responsible borrowing and lending helps establish a positive on-chain reputation, paving the way for future credit opportunities.

For Lenders

Wildcat opens up new avenues for deploying capital, giving you direct access to borrowers who may not be available through traditional lending platforms. Key benefits include:

Direct Counterparty Lending:

  • Lend directly to specific borrowers, enabling more targeted credit exposure.

Fixed Interest Rates:

  • More predictable returns with fixed rates, reducing uncertainty compared to variable-rate systems.

Flexible Redemption Options:

  • While borrowers control redemption terms, depending on configuration you can ragequit if interest rates become unattractive or better opportunities arise.

Collateral Options (Coming Soon):

  • Borrowers will soon have the option to provide additional collateral that can be liquidated on-chain if they fail to maintain required reserves in the face of withdrawal requests.

Additional Incentives:

  • Borrowers can offer additional token rewards (similar to liquidity mining) to incentivise lending via Masterchef mechanics (we'll make this easy for them to bolt in).

To provide legal clarity, Wildcat offers an open-source Master Loan Agreement designed to align on-chain interactions with traditional credit agreements, and borrowers are free to make use of this for any of their markets.

Wildcat does not assess borrower creditworthiness or provide insurance against defaults. Lenders assume full counterparty risk and should evaluate each borrower’s reliability before providing capital.

Interested?

It's not our place to proscribe what Wildcat should and shouldn't be used for - tokenised lending instruments have a wide scope, and we've intentionally designed the protocol to be as hands-off as possible.

As a settlement layer, consider the protocol itself to be an Uatu the Watcher figure: we're interested, and we're watching, but it will not and cannot interfere.

We're looking forward to seeing how you make use of us!

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Last updated 10 days ago