PuLend

PuLend 101

IP-Collateralized Lending on Story Protocol

Pulend is a decentralized non-custodial lending protocol where users can borrow stablecoins by depositing IP assets as collateral. Liquidity providers earn interest by supplying assets to the protocol.

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 1000, you can borrow upto 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

Landing : https://pulend.art/

Dapp : https://app.pulend.art/

Documentation : https://docs.pulend.art/

Deck : https://www.canva.com/design/DAG66u6qcfs/4cjmHt5SY6MKMO0RfcwFUQ/view?utm_content=DAG66u6qcfs&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=h6d4b3f7d74

X : https://x.com/pulend_art

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