Current Status and Tech Paper

Dear community members,

I would like to introduce the state of development of the Abax Lending Protocol. This protocol will serve as the backbone of our community, providing a robust and secure lending infrastructure for everyone.

I am pleased to report that the protocol is nearing completion, and we have submitted it to the Aleph Zero team for a pre-audit. Once we receive feedback from them and make possible fixes, we will apply for a full audit.

For those who are interested in the technical details, we have published a tech paper outlining the main contract description of the Abax lending protocol v1. We invite you to review this paper and share your thoughts and feedback with us. Your input is invaluable as we work to create the best possible platform for our community.

We want to reassure our community members that we are taking every precaution to ensure the security and integrity of the protocol. For this reason, we have not yet published the code, as we do not want anyone to use it before us. Rest assured, we will share the code with our community members as soon as it is safe to do so.

We hope you will join us and support us on the journey of creating the best lending solution on Aleph Zero, and maybe in the whole Polkadot ecosystem. We will keep you updated on our progress and look forward to sharing more news with you soon.