Supply
Deposit USDC and receive eUSDC, an ERC-20 share of the pool. The share price starts at one-to-one and increases as borrower interest accrues. Withdrawing burns shares and returns the underlying USDC, provided the pool has idle liquidity.
Borrow
Post USDT, BOXA, or KLEOS. Each asset is its own market with a loan-to-value, a liquidation threshold, and a debt ceiling. Borrowed USDC is limited by the smaller of your remaining borrowing power and the cash sitting in the pool.
Interest
The rate model is kinked. Base borrow rate is 2%. Up to 80% utilization the slope adds 10%. Above the kink the slope adds 80%. All borrower interest is paid to suppliers. There is no reserve factor, so the supply rate is the borrow rate multiplied by utilization.
Health and liquidation
Health factor is collateral value, adjusted by the liquidation threshold, divided by debt. A position at or above 1.0 cannot be liquidated. Below 1.0, a liquidator may repay up to half the debt and seize collateral plus a bonus.
Oracles
Prices pass through a router. Each asset has a primary feed, an optional fallback, a staleness window, and a deviation bound. When both feeds are fresh, the router uses the lower price.
Network
ELEND runs on Elysium and pays gas in HYPE. Mainnet is chain id 99901. The public testnet is chain id 99801, RPC https://testnet-rpc.elysium.kinetiq.xyz, explorer https://elysium.kinetiq.xyz/testnet-explorer.
Connect a wallet on the network you select. Supply, borrow, repay, and collateral actions use that network’s pool.