Wise Lending

The primary goal of Wise Lending is to provide a decentralized platform where users can earn passive income by supplying crypto assets and to offer borrowing opportunities against these deposits, all while ensuring capital efficiency and yield optimization.

Users can participate by depositing their crypto assets into the Wise Lending platform to earn yields. Additionally, they can borrow against their deposits or engage in yield-farming strategies through features like Power Farms.

Wise Lending is built from scratch, allowing for custom features such as optimized yields through external integrations, robust oracle safety mechanisms, dynamic interest rate adjustments via LASA, NFT-based position management, capped liquidation fees, and a 'Solely Deposit Mode' for enhanced security.

Wise Lending prioritizes security through multiple layers of protection, including thorough audits by respected security firms, an active bug bounty program with rewards up to $100k for critical vulnerabilities, circuit breakers that automatically pause specific functions if unusual activity is detected, and oracle safety mechanisms to protect against price manipulation attacks.

Potential risks include vulnerabilities to exploits, as evidenced by the January 2024 flash loan attack. However, Wise Lending has implemented measures to mitigate such risks, including robust security protocols and continuous monitoring. Users should also be aware of market risks inherent in DeFi platforms.