Introduction

Sumer Protocols money market is a Compound-inspired lending and borrowing protocol that enables;

Deposit Native Assets or their equivalent

• Deposit any of USDC, USDT, DAI, WBTC, ETH, MTRG, ARB

Mint SuTokens against the Deposited Native Assets

• Deposit any of USDC, USDT, DAI, WBTC, ETH, MTRG, ARB

• Mint suETH, suUSD or suBTC

Borrow Assets against Deposited Native Assets

• Borrow any of USDC, USDT, DAI, WBTC, ETH, MTRG, ARB

Borrow Native Assets against Deposited SuTokens

• Deposit SuTokens (suETH, suUSD or suBTC)

• Borrow any of USDC, USDT, DAI, WBTC, ETH, MTRG, ARB

Repay SuTokens

Repay Borrowed Assets

Liquidation

The deposited native assets source their deposit yields from users/ DAOs/ dApps borrowing the assets.

While the protocol can accept any type of cryptocurrency as collateral, the initial deployment of the Sumer Protocol will mainly accept on-chain stablecoins and blue-chip assets (ETH, BTC, USDC, USDT etc.) as collateral to smoothen out volatility in the collateral to reduce the risk exposure of the protocol.