zkLombard

Borrow against it. It never leaves the water. ZK lending protocol on Robinhood Chain.

0x7a797c35b93776e0b526ae37002cf23a7f5c6e5f

[zkLombard @zkLombard]

The website, the idea behind it, one position, valued three times, credit written against the worse end, and a real loan opening and closing on Robinhood Chain today.

Lending against Uniswap positions. The position never leaves the water.

https://t.co/uR4CzlmOL9

[zkLombard @zkLombard]

@mapi0x @MEADGod Hello Mapi, could you kindly check DMs, thanks.

[zkLombard @zkLombard]

@MEADGod @WutianBuddha Ozzy, we've reached out to the official @ponsdotfamily account, @mapi0x and @mevcel, and have also sent you guys three emails, but haven’t received a response yet. What’s the best way to get in touch with you guys? Thanks in advance!

[zkLombard @zkLombard]

@mevcel Hello Titan,

We’ve reached out via DMs to the official @ponsdotfamily account and also sent an email to [email protected]. Could you please let the person responsible know to check them when you get a chance? Thanks in advance!

[zkLombard @zkLombard]

@mapi0x Hello Mapi,

We’ve reached out via DMs to the official @ponsdotfamily account and also sent an email to [email protected]. Could you please let the person responsible know to check them when you get a chance? Thanks in advance!

[zkLombard @zkLombard]

The capital used for the buybacks comes from the volume generated by requested credits, so if a minimum threshold is not reached, the buyback is not triggered.

We are currently in the process of modifying the contract to allocate part of the fees generated from $zkLombard volume to buybacks. This way, while people gradually discover and start using our protocol, and the initial buyback/burn dynamics begin to gain traction, we can already support the mechanism using a portion of the fees.

We’ll keep you updated, but this will be implemented very soon.

[zkLombard @zkLombard]

The liquidation desk is open to anyone.

When a loan crosses the line, its row on https://t.co/WyEO7WkikT grows a button. Connect a wallet, pay what is owed in USDG, take the position apart with a 5% bonus. No whitelist, no bot, no privileged liquidator.

The book polices itself.

[zkLombard @zkLombard]

@MEADGod @theunipcs Hello Ozzy,

We’ve reached out via DMs to the official @ponsdotfamily account and also sent an email to [email protected]. Could you please let the person responsible know to check them when you get a chance? Thanks in advance!

[zkLombard @zkLombard]

One position, read three times.

A TSLA/USDG position worth $20,000 today. We never lend against that number. We read it at the top of its range ($20,380, all TSLA, less 46 bps to sell) and at the bottom ($19,610, all USDG, nothing to sell), and lend against the worse of the two: up to $10,785.

The range is fixed at mint, so the two edges never move. Only the haircut can.

[zkLombard @zkLombard]

@L0c002539318 We will check this throughout the day and let you know. Thank you.

[zkLombard @zkLombard]

Why every floor is measured in dollars.

A position has two legs. One must be money, or there is nothing to measure the other against. Here the money is USDG: the vault lends it, the debt is counted in it, every floor is a number of it. ETH is the second anchor, priced by Sounder and written by the keeper.

A pair where neither leg is money is not collateral. A floor with no unit is a guess.

[zkLombard @zkLombard]

Prove any position. In your browser.

The prover on the front page worked on one fixed example. Now it takes any position id on Robinhood Chain, reads its floor from the oracle, and lets you prove a debt against it in ~200 ms on your own machine. The debt never leaves the page.

Under the line: a proof that verifies. Over it: no witness exists.

[zkLombard @zkLombard]

@MEADGod Hello Ozzy,

We’ve reached out via DMs to the official @ponsdotfamily account and also sent an email to [email protected]. Could you please let the person responsible know to check them when you get a chance? Thanks in advance!

[zkLombard @zkLombard]

@ponsdotfamily Hello Pons Team,

Could you please check DMs? Thank you.

[zkLombard @zkLombard]

The oracle keeps a diary. Now you can read it.

Every number the floor oracle was ever fed, in the order it was fed: each cost the keeper wrote, each token the admin admitted, each ETH price. Read straight from the contract's own events at https://t.co/dICD8Se1ub.

A lending market is only as honest as its oracle. Ours shows its work.

[zkLombard @zkLombard]

Open a position in any pair. Borrow against it. One page.

The app could only mint WETH/USDG. Now it mints against USDG in every admitted pair, NVDA, SPY, GLD, GOOGL, QQQ, AAPL, TSLA, META, AMZN, MSFT, cbBTC and six more, on each pair's deepest pool, ±5% around the price. Pick the pair, type the dollars, approve, mint. Then pledge it and borrow, without leaving https://t.co/dRh18NgoaI.

Own tokenized Nvidia. Need dollars. Do not sell it.

[zkLombard @zkLombard]

Implementation of zkLombard Furnace: everything it earns, it burns.

15% of every loan's interest and the creator fee on every trade of the token go to one contract with no owner. Every two hours it buys $ZKLOMBARD and burns it. Anyone may light it sooner.

First burn already on chain. https://t.co/yJlJISUkdU

0x7a797c35b93776e0b526ae37002cf23a7f5c6e5f

[zkLombard @zkLombard]

The collateral book is now public.

https://t.co/5qoepzCRop: the twenty tokens you can borrow against, what Sounder says it costs to sell each one right now, and what the oracle on chain last wrote down, with the age of that reading. When the two columns disagree, you know before we do.

And on the front page, under the token: burned so far, share of supply, number of burns. Read from the Furnace, not typed by us.

[zkLombard @zkLombard]

The flywheel passed its first test.

At 20:00 UTC the Furnace lit itself, with nobody at the keyboard. USDG in, ETH through Uniswap, tokens off the pons curve, burn() on the contract. 2,240,142 $ZKLOMBARD gone, 0.224% of supply in one burn.

Permissionless. Read the supply on the token contract, not on us.

TX: https://t.co/5LAdOOYvnl

https://t.co/3Br0tOayOD

[zkLombard @zkLombard]

Token utility: The flywheel.

Everything zkLombard earns is now turned into $ZKLOMBARD and burned. Two streams feed one contract: 15% of every loan's interest, and the creator fee pons pays on every trade of the token. Every two hours it buys and burns. Anyone may light it sooner.

Not a promise. A contract with no owner, no admin and no way out except the fire. Source verified, every burn a transaction you can read.

More loans, more burn. More trading, more burn.

https://t.co/yJlJISUS3s