Introduction to AssetDesk

What is AssetDesk?

AssetDesk is a decentralized non-custodial liquidity market protocol where users can engage as suppliers or borrowers. Suppliers contribute liquidity to the market to earn a passive income, while borrowers have the option to borrow in an overcollateralized (continuously) or undercollateralized (single-block liquidity) manner.

Why AssetDesk?

The AssetDesk protocol is fully open source, enabling anyone to engage with a user interface client, API, or directly with the smart contracts on the Stellar Soroban network. Its open-source nature allows for the development of any third-party service or application to interface with the protocol, enhancing and diversifying your product offerings.

How do I interact with AssetDesk protocol?

To engage with the AssetDesk protocol, simply provide your chosen asset and specify the amount. Once you've supplied, you'll begin to earn passive income based on the borrowing demand in the market. Furthermore, by supplying assets, you gain the ability to borrow using your supplied assets as collateral. The interest you earn from supplying funds can help counterbalance the interest accrued from borrowing.

Where are my supplied assets stored?

Your funds are stored within a smart contract. The code for this smart contract is transparent, open source, formally verified, and has been reviewed by independent third-party auditors. You have the option to retrieve your assets from the pool whenever you wish or to obtain a tokenized (AssetTokens) representation of your lending position. AssetTokens can be transferred and traded just like any other crypto asset on Stellar Soroban.

Is there any risk?

No platform is entirely devoid of risks. The risks associated with the AssetDesk platform include smart contract risk (potential bugs in the protocol code) and liquidation risk (concerning the collateral liquidation procedure). Every measure has been taken to mitigate these risks to the greatest extent possible. The protocol code is transparent and open source, and it has undergone thorough auditing. Moreover, there is an active bug bounty program in place to further ensure security.