Introduction

Lotus is a permissionless tranched lending protocol for EVM chains. It enables lending and borrowing through risk segmented market tranches.

Each market has a single loan token and multiple tranches ordered by risk from senior (least risky) to junior (most risky). Each tranche can have a unique liquidation threshold, collateral token, and oracle.

Unutilized liquidity from junior lenders is available to senior borrowers. Interest and bad debt cascade from borrowers to lenders across tranches based on utilization.

Links

• Smart Contracts: https://github.com/Lotus-Protocol/lotus