Sundae is a decentralized liquidity market protocol built on Radix DLT, where users can participate as borrowers or suppliers. The protocol offers lending products for borrowers, and liquidity solutions for suppliers. Built on Radix DLT, the protocol offers transparency, security, and innovative solutions for traders and investors. This allows users to enjoy fast and efficient transaction processing, low fees, and transparent terms.
Stake XRD at Sundae's validator node!
In return, you will receive liquid staking units (LSU's).
Deposit the LSU's - thereby registering yourself as liquidity supplier.
In return, a unique pool NFT will be deposited to your wallet, which serves as 'proof of supply'.
Watch your rewards come to life as they are released from the validator node, pooled together, and set to work.
Lending products are issued from the pool, enabling you to earn additional interest on top of your staking rewards.
Once your staking rewards have done their job, you can claim the following resources:
Sundae offers Flash Loans as main lending feature. Their exceptional characteristics offer endless opportunities for borrowers, traders, and investors. Flash Loans at Sundae's are accessible to everyone, anywhere, and at any given moment.
Sundae is built on Radix because we firmly believe that Radix offers unparalleled levels of security, scalability, and user experience. This powerful combination provides Sundae with an outstanding foundation, allowing us to bring our vision to life.
Sundae's first iteration of Sundae liquidity protocol will be released shortly after the Radix Babylon launch. This release will consist of the following features:
A validator node will be deployed that collects staking rewards, and deposits it in a liquidity pool on behalf of the staker.
The first liquidity pool will collect liquidity via staking rewards. A novel approach to provide liquidity, that enables liquidity providers to leverage on their staking rewards. This offers unique benefits, especially at Babylon launch when the staking yield (APY) will be relatively high.
The first offered lending product will be flash loans. Flash loans offer instant liquidity and the ability to lower spreads across exchanges. Bringing these features into the Radix ecosystem at an early stage will contribute to Radix's succes and ability to grow.
In the remainder of 2023, after the launch of Sundae Version 1, Sundae will prioritize the following initiatives:
By utilizing social media channels (Twitter, Telegram, Youtube, etc.) and improving the user experience.
This will be achieved by promoting Sundae's validator node to XRD holders.
Subsequent iterations, taking place in 2024, will expand the protocol on the following aspects (in no particular order):
Sundae liquidity protocol is non-custodial. Liquidity pools and lending products are governed by the laws of smart contracts. Sundae's smart contracts are designed so that only the rightful owner can claim their portion of the pool's liquidity.