Overview

ZeroLend One is the next version of the ZeroLend protocol and introduces a highly scalable multi-chain lending protocol that is permissionless, isolated and curates risk management.

At the crux of ZeroLend One is Isolated markets. A scalable way for us to address lending demand across many chains and many assets without having to worry about scaling risk management

With ZeroLend One, we plan to support as many markets as possible on both EVM and non-EVM-based chains. Chains we plan to deploy include:

• EVM chains (Ethereum and its L2s)

• MOVE-based blockchains (Sui, Aptos, Sei, etc…),

• WASM-based blockchains (Cosmos ecosystem) and

• Rust-based blockchains (Solana).

Features Overview

In this whitepaper, we detail the various unique features that we bring to ZeroLend One and document them in depth.

• Permissionless lending pools: The ability to create lending pools at scale

• NFT Positions: Users can now have multiple lending positions in a single wallet and trade positions on NTF marketplaces.

• Curated & Cross-chain Vaults: Vaults allow liquidity to move seamlessly across different kinds of assets. Cross-chain vaults allow liquidity to move across chains.

• Bribes & Emission Voting: A built-in bribes and voting module that creates a market for locked ZERO.

• Smart Accounts & Account Abstraction: Simplifying UX with smart accounts and account abstraction tech.

• User-set Fixed Rate Lending: Allowing borrowers to set their own interest rates when borrowing from a lending pool

• Automated Risk Manager: Scaling risk management in an autonomous way.

• Margin Trading: Allowing users to leverage on volatile tokens (Governance tokens, Memecoins, LP tokens) using stablecoins as collateral.

Benefits of the ZERO Token

As part of our commitment to de-centralization and value creation towards $ZERO token holders, ZeroLend One integrates the utility of the $ZERO governance token more closely within the lending protocol. Users who stake $ZERO can:

• Get discounts on borrowing fees

• Get boosts on lending pool emissions

• Decide and vote on pool emissions

• Receive protocol emissions and fees generated by the platform

• Vote on protocol-level upgrades and create governance proposals

Philosophy

While designing ZeroLend One, we keep the following philosophies in mind.

• Highly customizable and Permissionless: Anyone can create isolated lending pools on ZeroLend One with custom parameters and custom assets. Isolated markets are permissionless and inclusive. It enables anyone to lend/borrow assets or design their own isolated pool, regardless of their financial or geographical background.

• Minimal Governance: ZeroLend governance keeps politics to a bare minimum. Voters will play a major role in decisions such as emission voting without the need for governance votes. Political decisions are kept at a bare minimum, and the only governance votes made by $ZERO holders will be regarding protocol-related security.

• Curate Risk Management: Risk management at ZeroLend One is not delegated to a centralized entity but rather curated across many risk managers through vaults. Protocol risks are managed by vault managers and individual pool managers. Critical risk management actions undergo at least a one-day time lock. ZeroLend also further automates risk management by introducing the Automated Risk Manager (ARM).

• Better UX: With a focus on features such as NFT Positions, Smart Accounts and fixed rate lending, ZeroLend focuses on bringing a better lending experience to users and giving borrowers more control over their positions.