plugins

if frankenstein's monsters was a defi protocol

By mix and matching plugins, Pharos enables unrestricted scalability by allowing independent deployment of custom lending markets in a permissionless fashion. Plugins are deployed on-chain and define a single component of a lending market.

Plugins can be arbitrarily combined to create unique sets of settlement rules. This dynamic system enables an independent user to recreate any existing lending market or to create novel markets that have not yet been tested in DeFi. Each market is isolated and does not impact other loans.

Each plugin is a standalone deployment of a smart contract. Once deployed, users can create reparametrized instances of the same plugin without the need of redeployment.