Atlendis v2
  • 👋Introduction
  • 🗞️Whitepaper
  • 🔓Safety & Audit
  • Protocol
    • 🎨What Sets Atlendis Apart
      • RCL Lending Pools
      • Rate Discovery
      • Non Fungible Positions
    • 🏦Atlendis Borrowers
    • 🛣️Use Cases
      • Invoice Financing
      • Ramps and Cash Advances
      • Revenue Based Financing
      • Trade Financing
      • Buy Now Pay Later
      • Emerging Market Credit
    • ⚠️Risk Management
  • User manual
    • 🧑Lender
      • 🧙Lender Actions
      • ❓Lender FAQ
      • ⏩Tutorial
    • 🏢Borrower
      • 🤸‍♂️Borrower Actions
      • 🏦Borrower FAQ
      • 🔩Integration
  • Developers
    • 🤓Protocol Overview
    • 👩‍💻Core concepts
      • Order Book Implementation
      • Position accounting vs. Pool accounting
      • Interests accrual and position accounting granularity
    • 💻Technical integration
      • Deployment procedures
      • Protocol gas consumption
      • Tokens integration considerations
    • 📑Smart contract interfaces
      • Revolving Credit Line
        • IRevolvingCreditLine
        • IRCLBorrowers
        • IRCLGovernance
        • IRCLLenders
        • IRCLState
      • Roles Manager
        • IRolesManager
        • IStandardRolesManager
      • Error messages
    • ↗️Deployed Contracts
    • 📈Atlendis Gateway
  • Governance
    • 🧑‍⚖️Governance
    • 👛Multisig
  • glossary
    • 🧑‍🏫Core concepts
    • 📊Frontend Indicators
  • Legal
    • ⚖️Terms of Use
    • ⚖️Legal Notice
    • ⚖️Privacy Policy
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  • What are the Atlendis NFT's positions?
  • What can users do with their NFT position?
  • Benefits of the Atlendis protocol’s NFT positions
  1. Protocol
  2. What Sets Atlendis Apart

Non Fungible Positions

What are the Atlendis NFT's positions?

Each liquidity provider's deposit on the Atlendis protocol is represented by an NFT position with unique artwork.

The liquidity provider's positions are characterized by:

  • Their chosen lending rate.

  • Deposited amount which can be broken down into:

    • Borrowed amount (if any)

    • Unborrowed amount (if any)

Each deposit is unique and timestamped. If liquidity exceeds the amount borrowed, lenders are matched firstly according to their tick’s rate (the lower first), and secondly according to their deposit’s epoch (the early depositors first).

What can users do with their NFT position?

The Atlendis position NFTs cannot be transferred to other parties. If a liquidity provider chooses to withdraw their funds from the NFT position, the NFT associated with that position will be burned.

Benefits of the Atlendis protocol’s NFT positions

The NFT positions offered by the Atlendis protocol provide several benefits, including the following:

  • Non-dilution of liquidity providers: When new liquidity providers add funds to the pool while a loan is ongoing, the existing liquidity providers' lent amount remains unaffected. The new depositors can have their funds borrowed either when the borrower takes another loan from the pool, or when the existing lenders exit the pool.

  • Predictive APY: By analizing the NFT parameters, one can easily predict the future returns.

  • Limited exposure to default risk: Liquidity providers are only exposed to the default risk of their positions. If they have not lent funds to a defaulting borrower, either because they did not select that borrower, set a lending rate higher than the market, or their position was not yet borrowed, they will not be exposed to any losses.

More information is available in the documentation user manual.

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Last updated 1 year ago

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