Superlend Features
Last updated
Last updated
Superlend offers greater capital efficiencies, increased security, and cross-chain functionality, while facilitating increased decentralization across the protocol. Key features are listed below.
Isolation mode allows Superlend Governance to list new assets as isolated assets, which have a specific debt ceiling. The debt ceiling for an isolated asset is represented as the maximum amount in USD that can be borrowed against the user’s collateral with two decimals of precision.
Borrowers using an isolated collateral can only borrow stablecoins that have been configured by Superlend governance to be borrowable in isolation mode.
Entering isolation mode is specific to certain isolated assets that are voted on and approved by Superlend Governance. You cannot utilize non-isolated assets as collateral to enter isolation mode. The steps to entering isolation mode are as follows:
From the dashboard select an isolated asset to supply.
You will then see an information notification explaining that you are entering into isolation mode.
Once you have successfully entered isolation mode, you will then be able to supply an isolated asset.
You can also borrow assets once in isolation mode; however, you will only be able to borrow stablecoins configured to be borrowable in isolation mode by Superlend Governance.
To exit isolation mode, you will need to disable the collateralized isolated asset that you have supplied.
From the “Your Supplies” section, click the slider button to disable the isolated asset.
Confirm the disabled isolation mode setting. You have now successfully exited isolation mode.
Upon entering isolation mode, you will be limited to borrowing stablecoins. This is further evidenced under the “Assets to Borrow” section where you will see the available stablecoins listed.
Each isolated asset will have a specific debt ceiling, which means that it is only possible to borrow up to the specified debt ceiling amount. The debt ceiling is visible on the reserves page of each asset.
The E-mode feature maximizes capital efficiency when collateral and borrowed assets have correlated prices. For example, DAI, USDC, USDT are all stablecoins pegged to USD. These stablecoins are all within the same E-mode category. Accordingly, a user supplying DAI in E-mode will have higher collateralization power when borrowing assets like USDC or USDT.
Only assets of the same category (for example stablecoins) can be borrowed in E-mode.
E-mode does not restrict the usage of other assets as collateral. Assets outside of the E-mode category can still be supplied as collateral with normal LTV and liquidation parameters.
To enter E-mode from the dashboard, toggle to the dropdown menu under the “"Your Borrows”" where you will find an “Enable E-mode” button. Initially, the button to enable E-mode will indicate that E-mode is “disabled.” Click “Enable E-mode" ” and follow the instructions in the pop-up. Once you have followed the instructions, you will have enhanced borrowing power (i.e., up to 97% LTV) within E-mode and can only borrow assets within the same category of assets (for example, stablecoins).
To exit E-mode, select “"Disable E-mode”" from the dropdown under the “Your Borrows” section. Follow the instructions in the pop-up to exit E-mode.
When E-mode is enabled, you will have higher borrowing power over assets of the same E-mode category.
