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terminal

gm degens

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Last updated 1 year ago

A terminal plugin is a set of approved functions wrapping an external protocol. These functions allow a borrower to enter advanced investment positions on-chain with their borrowed assets. Each loan utilizing a terminal plugin is a standalone (MPC) that ensures deep .

The MPC holds state and assets with custoday shared between the borrower and the contract. If a position decreases in value such that collateralization ratio goes below the agreed minimum the position can be kicked and passed along to the agreed Closer plugin.

Examples:

  • Uniswap V3

  • Convex

  • Beanstalk

  • Curve

  • Any farm in DeFi

Minimal Proxy Contract
separation of risk