Sumer.Money
  • Sumer.Money: The Most Capital Efficient Blockchain Liquidity Infrastructure
  • KEY PREMISE
    • The Future is Multichain
    • Sumer - the most capital efficient Liquidity Infrastructure
      • Sumer's Capital Efficient unified liquidity pool
      • Sumer Synthetic Assets as Money Multipliers
  • SUMER POINTS PROGRAM - A Call for the Tribe
    • Introduction
    • Points Based Program
    • NFT Based Program
    • Sumer Partner Program — Meter Points
    • FAQs
  • Sumer Lending and Borrowing Market
    • Introduction
    • Asset Group Classification
    • Collateral Rate by Asset Group
      • Understanding the applicable mint limit
    • Deposit Native Assets
    • Mint SuTokens
    • Borrow Native Assets
    • Repay SuToken Liability
    • Repay Borrowed Native Assets
    • ​Interest Rate Model
      • Standard Model
      • Jump (Kink) Model
    • Redeem SuTokens
    • Liquidation Mechanism
    • Risk Management
  • Tokenomics
    • Token Distribution
  • Definitions
  • Frequently Asked Questions
    • Sumer Protocol
    • Deposit Market
    • Minting Synthetic Assets (SuTokens)
    • Borrowing Market
    • Liquidation
  • TUTORIALS
    • How to Deposit assets
    • How to Collateralize Tokens
    • How to Mint SuTokens
    • How to Borrow assets
    • How to Stake Sumer LP tokens into Liquidity Program
    • How to stake Sumer Tokens into veSumer Program
  • SECURITY
    • Audits
  • PROTOCOL PARAMETERS
    • SUMER Money Market
  • DEVELOPERS
    • Smart Contracts
    • sdr Tokens
    • Price Feeds
      • RedStone Price Feeds on Zklink Nova
      • Pyth Price Feeds on Meter
      • Chainlink Price Feeds on Arbitrum
      • Chainlink Price Feeds on Base
  • GOVERNANCE
    • Introduction
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  • Deposit Native Assets or their equivalent
  • Mint SuTokens against the Deposited Native Assets
  • Borrow Assets against Deposited Native Assets
  • Borrow Native Assets against Deposited SuTokens
  • Repay SuTokens
  • Repay Borrowed Assets
  • Liquidation
  • Redemption

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  1. Sumer Lending and Borrowing Market

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 SuToken liability

Repay Borrowed Assets

  • Repay Borrowed asset liability

Liquidation

  • Liquidate accounts with low health

Redemption

  • Redeem SuTokens to maintain the peg stability

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.

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Last updated 9 months ago

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