Objective
The primary goal of V1 is to establish a functional lending platform, gather critical market insights, and build a foundation for future iterations. By releasing V1 to a targeted audience within the Kaspa community before the introduction of smart contracts, we aim to validate our concept, refine features based on user feedback, and attract talented developers to contribute to the project.
Key Features
- Initial Lending Functionality: V1 will introduce lending on the Kaspa blockchain for the first time, enabling users to lend and borrow assets entirely on-chain. Initially, lending will support only KAS, USDC and USDT, ensuring simplicity and stability during this early phase.
- Manual Liquidations: To maintain control and reliability, our team will handle liquidations manually. This process will be transparent, with clear documentation provided to users to explain how liquidations are executed and monitored. Keep in mind this does not affect the security of the user’s loan, rather the ability for our lending protocol to avoid having bad debt.
- Centralized Architecture: V1 will operate as a centralized platform to allow for rapid deployment and iteration. While not fully optimized, the platform will prioritize security and transparency to build user trust. The user will send collateral to our wallet, while we ensure sending the appropriate amount corresponding to the loan in the briefest delays. This is necessary to build a small user base before smart contracts are available, and get feedback on certain functionalities.
- No Fiat Integration: V1 will focus exclusively on cryptocurrency-based lending, with no fiat functionality. This allows us to concentrate on refining the core lending mechanics before introducing more complex integrations.
- User Feedback Portal: A dedicated feedback portal will be integrated into the platform, enabling users to submit suggestions, report issues, and propose new features. This will ensure that V1 evolves in alignment with community needs.
- Educational Resources: To empower users, V1 will include a resource hub with tutorials, FAQs, and guides explaining lending, staking, and the Kaspa ecosystem. Our aim is to make DeFi accessible to both experienced and novice users.
- Mobile and Web Apps: V1 will launch dedicated mobile apps (iOS and Android) and a revamped web interface, offering a seamless user experience across devices.
Goals
By targeting a small, engaged audience from the Kaspa community, we will gain insights into user behavior, preferences, and pain points. Positive user experiences and transparent communication will attract builders and developers interested in contributing to the project. Fundraising Preparation: Data collected during V1 will enable us to make accurate demand projections, strengthening our case for fundraising to support V2 development. Despite its centralized nature, V1 will adhere to high security standards, with robust encryption and multi-factor authentication for user accounts. The oracle system (detailed below) will be fully documented, and all processes will be explained in plain language to ensure transparency.
Timeline
V1 is expected to launch within the next 6–9 months, depending on development progress and community engagement. Regular updates will be shared via our website and social channels.
