What is Pulend?
Pulend is a lending protocol built on Story Protocol that allows users to:- Borrow stablecoins using IP assets as collateral
- Earn interest by supplying liquidity to the protocol
- Unlock liquidity without selling valuable intellectual property
Key Concepts
Collateral
IP assets deposited into the protocol serve as collateral for loans. Each IP asset has a floor price determined by the oracle, which sets the maximum borrowing power.Loan-to-Value (LTV)
The LTV ratio determines how much you can borrow against your collateral. For example, with 70% LTV and an IP asset worth 700.Interest Rates
Interest rates are dynamic and adjust based on pool utilization:- Low utilization → Lower rates to encourage borrowing
- High utilization → Higher rates to attract suppliers
Health Factor
Your position’s health factor indicates liquidation risk:- Above 1.0 → Safe
- Below 1.0 → Eligible for liquidation
User Roles
| Role | Actions |
|---|---|
| Borrower | Deposit IP collateral, borrow tokens, repay loans |
| Supplier | Provide liquidity, earn interest, withdraw anytime |
| Liquidator | Repay unhealthy positions, receive collateral at discount |