Weekly report丨The development of the loan product testnet is about to be completed

The test network development of Bandot’s core product — lending product is about to be completed.

In this product market, users can deposit specific encrypted assets to earn interest, or pay certain interest to borrow some encrypted assets.

At present, the basic functions of the test network include:

1. Deposit
2. Withdraw
3. Borrow
4. Repay
5. Liquidation
6. Delegate

which covers the essential functions in lending scenarios.

New features this week:

1. Get current deposit interest
2. Get current lending interest
3. Get health factors of the users
4. Acquisition of liquidatable assets
5. bug fix
6. lending pool error fix
7. update lending pool status

testnet code update

GitHub - bandotio/unsecured-lending at delegate

After intensive development, Bandot lending test network is about to be completed and will be officially announced in the near future.

Product preview

Lending testnet is the core product bearing Bandot defi concept, and the completion of the development of testnet will be an important milestone of the project. Compared with the existing cryptocurrency protocol, Bandot is built on public chains supporting wasm virtual machine in the form of wasm contract.

On the premise of ensuring security, this protocol will create rich lending products. DOT deposit and lending will firstly be launched.

The testnet mainly covers the basic lending scenario functions, and the design and development pursues a high degree of security and convenience. After the completion of the testnet, the application will continue to access the features of audit, risk assessment, insurance, DAO developed independently or with third-party projects, and gradually proceed the attempt of unsecured lending network.

Website：https://bandot.io

Github: https://github.com/bandotio

Twitter: https://twitter.com/hellobandot

Telegram:t.me/hellobandot

Medium: https://hellobandot.medium.com

Email:contact@bandot.io