Stellar Community Fund

By XycLoans

xycLoans

Liquidity Award - '24 Q1

$50.0K

Liquidity Award

Awarded

xycLoans is a flash-loans only trustless protocol that is designed to be as simple as they come to prevent any unnecessary risks. Its functionality is lending assets in a single transaction and is used for a wide range of use cases in the defi sector: liquidations, arbs, collateral swaps, mainly any operation that can accrue profit in a single transaction by a large capital, safely.

Products & Services

Flash loans empower the ecosystem to build solutions that help tidy the market (arb opportunities, liquidations, etc) without needing a large capital yourself. It also provides a safe store of value (again, the contract is very elemental and targets one function only, without relying on complex logic or other contracts, limiting greatly the possible attack vectors).

Soroban

Yes

Requested Budget

$50.0K

Go-To-Market Plan

The protocol is self-sustaining on-chain (mainnet and testnet) and we have no current plans of extending the core contracts (even if we wanted to, we'd just have to deploy new ones).

Flash loans are a primitive and we believe that initial liquidity is a good starting point for starting to building contracts and functionality around this primitive. As the ecosystem starts flourishing we're also exploring ways to grow awareness of xycloans and how it can be used (arb bots and liquidations which may very soon be possible already!)