Henlo beras, and welcome to Goldilocks DAO – a DAO dedicated to building novel defi infrastructure for Berachain. In this article, we’ll introduce the second of our creations, Goldilend – an NFT lending platform built specifically for Bong Bears (and rebases) that builds on the pivotal role of Jpeg’s of bears smoking weed to Berachain’s unique culture.

What’s the Problem?

The Bong Bear NFT’s (and rebases) are the origin story of Berachain. As such, their value should be tied to the long term success of the chain. But as of now, there is no highly liquid, secure and attractive lending market for bera NFT’s, which makes it difficult for committed long term beras to access the substantial liquidity tied up in their precious jpegs.

Goldilend fixes this.

Goldilend Fixes This

Goldilend is an NFT lending platform that only accepts official Bong Bear (and rebase) NFT’s as collateral. It works in the following way.

(i) A user can post their NFT’s as collateral in order to take a fixed duration loan.

(ii) All the loans are denominated in iBGT, infrared’s liquid wrapper for BGT. We use iBGT for three reasons. Firstly, we expect the value of the Bongs to be correlated to the value of the chain, which means that denominating loans in iBGT is expected to dampen the relative volatility of the loan value to the value of the collateral. Secondly, the passive iBGT in the lending pool is automatically staked through infrared, thereby earning significant yield for lenders at all times. Thirdly, users can use Beraborrow to borrow the stablecoin NECT against their borrowed iBGT without paying interest, so they don’t need to sell their borrowed iBGT in order to obtain liquid stables from their loan.

(iii) The maximum duration, as well as the loan to value ratios and the basic interest rate parameters are all set by Goldilocks DAO. Valuations will be conservative (a fraction of the current floor price) in order to minimise risk of bad debt.

(iv) When lenders deposit iBGT into the lending pool, they receive GiBGT, a receipt token that represents the lender’s proportional share of the lending pool. The majority of all interest payments made through the platform autocompound back into the lending pool, thereby increasing the amount of iBGT backing each GiBGT token, boosting the staking yield and value of GiBGT, and increasing the liquidity of the platform.

(v) Additionally, the GiBGT token can be staked to earn PORRIDGE rewards, as well as the staking rewards of all iBGT that is passive in the lending pool. This guarantees that the staking yield of GiBGT should always be strictly greater than that of regular iBGT.

(vi) Liquidations of unpaid loans are time based, and there are no price based liquidations. This makes the platform far more friendly to borrowers (who don’t have to worry about sudden fluctuations or reliance on exploitable oracles). And because the DAO can control both the maximum duration and the loan to value constraints, the risk of bad debt is minimised.

(vii) Goldilocks will heavily incentivise GiBGT/iBGT liquidity, both through its partnerships with other leading Berachain protocols, and through PORRIDGE emissions, thereby making it easy for lenders to swap in and out of their positions.

(viii) Partner project NFT’s will have significant utilities on Goldilend, allowing users who lock the NFT’s both to borrow at discounted interest rates, and to earn boosted PORRIDGE yield on their staked GiBGT.

The overall effect is a lending platform for beras that naturally increases in liquidity and efficiency over time, offering both an attractive platform for borrowing against bera NFT’s, and a way for iBGT holders to significantly boost their yield within the Berachain ecosystem.

To see Goldilend in action, or to learn more about Goldilocks DAO and its other protocols, visit goldilocksdao.io.

TLDR

Turbo charged iBGT yields for lenders, highly liquid, competitively priced fixed term loans for borrowers. Lending platform that naturally grows in liquidity over time.

Beras in control.

Henlo beras, and welcome to Goldilocks DAO – a DAO dedicated to building novel defi infrastructure for Berachain. In this article, we’ll introduce the second of our creations, Goldilend – an NFT lending platform built specifically for Bong Bears (and rebases) that builds on the pivotal role of Jpeg’s of bears smoking weed to Berachain’s unique culture.

What’s the Problem?

The Bong Bear NFT’s (and rebases) are the origin story of Berachain. As such, their value should be tied to the long term success of the chain. But as of now, there is no highly liquid, secure and attractive lending market for bera NFT’s, which makes it difficult for committed long term beras to access the substantial liquidity tied up in their precious jpegs.

Goldilend fixes this.

Goldilend Fixes This

Goldilend is an NFT lending platform that only accepts official Bong Bear (and rebase) NFT’s as collateral. It works in the following way.

(i) A user can post their NFT’s as collateral in order to take a fixed duration loan.

(ii) All the loans are denominated in iBGT, infrared’s liquid wrapper for BGT. We use iBGT for three reasons. Firstly, we expect the value of the Bongs to be correlated to the value of the chain, which means that denominating loans in iBGT is expected to dampen the relative volatility of the loan value to the value of the collateral. Secondly, the passive iBGT in the lending pool is automatically staked through infrared, thereby earning significant yield for lenders at all times. Thirdly, users can use Beraborrow to borrow the stablecoin NECT against their borrowed iBGT without paying interest, so they don’t need to sell their borrowed iBGT in order to obtain liquid stables from their loan.

(iii) The maximum duration, as well as the loan to value ratios and the basic interest rate parameters are all set by Goldilocks DAO. Valuations will be conservative (a fraction of the current floor price) in order to minimise risk of bad debt.

(iv) When lenders deposit iBGT into the lending pool, they receive GiBGT, a receipt token that represents the lender’s proportional share of the lending pool. The majority of all interest payments made through the platform autocompound back into the lending pool, thereby increasing the amount of iBGT backing each GiBGT token, boosting the staking yield and value of GiBGT, and increasing the liquidity of the platform.

(v) Additionally, the GiBGT token can be staked to earn PORRIDGE rewards, as well as the staking rewards of all iBGT that is passive in the lending pool. This guarantees that the staking yield of GiBGT should always be strictly greater than that of regular iBGT.

(vi) Liquidations of unpaid loans are time based, and there are no price based liquidations. This makes the platform far more friendly to borrowers (who don’t have to worry about sudden fluctuations or reliance on exploitable oracles). And because the DAO can control both the maximum duration and the loan to value constraints, the risk of bad debt is minimised.

(vii) Goldilocks will heavily incentivise GiBGT/iBGT liquidity, both through its partnerships with other leading Berachain protocols, and through PORRIDGE emissions, thereby making it easy for lenders to swap in and out of their positions.

(viii) Partner project NFT’s will have significant utilities on Goldilend, allowing users who lock the NFT’s both to borrow at discounted interest rates, and to earn boosted PORRIDGE yield on their staked GiBGT.

The overall effect is a lending platform for beras that naturally increases in liquidity and efficiency over time, offering both an attractive platform for borrowing against bera NFT’s, and a way for iBGT holders to significantly boost their yield within the Berachain ecosystem.

To see Goldilend in action, or to learn more about Goldilocks DAO and its other protocols, visit goldilocksdao.io.

TLDR

Turbo charged iBGT yields for lenders, highly liquid, competitively priced fixed term loans for borrowers. Lending platform that naturally grows in liquidity over time.

Beras in control.