We appreciate this healthy response
Every respondent has been added to a blacklist and will be receiving an untransferrable Sepolia token indicating as such
All wallets two hops in or out will be ineligible to use the protocol or any real airdrop in future
Thank you all
The Wildcat Protocol is live on Ethereum mainnet
wildcat.finance
Undercollateralised, highly customisable, adaptable
Credit facilities for arbitrary ERC20 assets
Over a year in the making, but here it is
We want to tell you why we built it and who it’s for
Settle in
Wildcat Labs is delighted to announce that Wildcat V2 is live and open for public usage today, under the stewardship of the newly created Wildcat Foundation.
wildcat.finance
A slightly wordy thread from our point of view on what this enables, where things stand now and
The markets may look like a warzone, but that doesn't stop the need for credit expansion in crypto.
Wintermute (@wintermute_t) have created Wildcat V2 markets seeking ~$75 million in public credit via USDC/USDT (12% APR), WETH (4%) and cbBTC (3.75%).
app.wildcat.finance/lender
You can get 12% APY on your stables w/ @wintermute_t, or you can get 14.4% (!!) with Selini.
How do we pay more?
Well-- they threw away your extra 2.4% yield by giving it to their branding agency for a "visual refresh".
We got our intern to do it, and pass on the $$ to you.
So, Wildcat has seen a pretty significant drop in TVL over the last couple of days: 162 -> 114 million as lenders withdraw their credit lines given the flash crash on Friday, with more pending in queued up batches
As much as it sounds like cope, this is *precisely* what we want
As of today, we are actively handling undercollateralised credit facilities on Ethereum mainnet
Wintermute is using Wildcat to implement a 100 Bitcoin loan paying 5% APR, with a 10% reserve ratio via their Wintermute Wrapped Bitcoin market
It's nice to be out the gates
Onwards
