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cover of episode Breaking Down CherryLend: A Cardano Borrowing & Lending DeFi Deep Dive w/ Migs

Breaking Down CherryLend: A Cardano Borrowing & Lending DeFi Deep Dive w/ Migs

2023/11/30
logo of podcast Learn Cardano Podcast

Learn Cardano Podcast

Shownotes Transcript

  • Introduction and Overview of CherryLend: [00:00] - [01:20]

  • Intro to CherryLend and its open-source approach.

  • Migs' Background and CherryLend's Development: [01:21] - [05:15]

  • Migs' journey in Cardano and CherryLend's technical developments.

  • Technical Innovations and User Experience: [05:16] - [08:12]

  • Discussing pooled lending, mobile support, and user-friendly design.

  • Open Source Strategy and Community Engagement: [08:13] - [12:58]

  • Open sourcing off-chain code and involving the community in development.

  • CherryLend's User Interaction and Risk Management: [12:59] - [18:14]

  • How users engage with CherryLend and manage risks in borrowing/lending.

  • Loan Health, Liquidation, and Oracle Mechanisms: [18:15] - [24:14]

  • Explaining CherryLend's loan health indicator and liquidation processes.

  • Governance, Incentives, and Future Plans: [24:15] - [31:09]

  • Discussing the governance token, incentive structure, and CherryLend's roadmap.

  • Conclusion and Additional Information: [31:10] - [33:18]

  • Final thoughts, community involvement, and where to find more information.