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Protocol Overview

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Supplying Liquidity

  1. Connect wallet to the Pulend app
  2. Navigate to Earn page
  3. Select amount to supply
  4. Approve and confirm transaction
  5. Start earning interest immediately
Your share of the pool is tracked via internal accounting. Interest accrues continuously based on borrower activity.

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Borrowing

  1. Navigate to Borrow page
  2. Select an IP asset to use as collateral
  3. Deposit the IP asset into the protocol
  4. Choose borrow amount (up to max LTV)
  5. Confirm transaction and receive tokens
Monitor your health factor. If it drops below 1.0, your position can be liquidated.

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Repaying

  1. Go to My Position page
  2. Enter repayment amount
  3. Approve token spending
  4. Confirm repayment transaction
  5. Withdraw collateral after full repayment

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Liquidation Process

When a position’s health factor falls below 1.0:
  1. Liquidator identifies unhealthy position
  2. Liquidator repays portion of debt
  3. Protocol transfers equivalent collateral + bonus
  4. Borrower’s debt is reduced
Liquidation bonus incentivizes liquidators to maintain protocol health.