Overview
Concrete is a DeFi protocol that aims to improve the efficiency and security of on-chain debt and credit markets. By providing automated liquidation protection for borrowers and optimized yield strategies for liquidity providers, Concrete seeks to address key challenges in decentralized finance. The protocol operates as an appchain, enabling seamless integration with various blockchain environments.
Key Features
Liquidation Protection
Concrete offers borrowers automated liquidation protection through its proprietary quantitative framework. As a borrower’s position approaches the liquidation threshold, Concrete injects credit in multiple tranches to prevent liquidation. Each tranche requires a small claim fee. If the position continues toward liquidation after all tranches are utilized, Concrete will close the position, recoup the owed amount, and return any residual assets to the borrower.
