Introduction to Feliz
Last updated
Last updated
Feliz is a decentralised non-custodial liquidity market protocol where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one-block liquidity) fashion.
Feliz Protocol has been audited and secured. The protocol is completely open source, which allows anyone to interact with a user interface client, API or directly with the smart contracts on the Fantom Testnet. Being open source means that you are able to build any third-party service or application to interact with the protocol and enrich your product.
In order to interact with Feliz protocol, you simply supply your preferred asset and amount. After supplying, you will earn passive income based on the market borrowing demand. Additionally, supplying assets allows you to borrow by using your supplied assets as a collateral. Any interest you earn by supplying funds helps offset the interest rate you accumulate by borrowing.
Interacting with the protocol requires transactions and so transaction fees for Fantom Network usage, which depend on the network status and transaction complexity.
Your funds are allocated in a smart contract. The code of the smart contract is public, open source, formally verified and audited by third party auditors. You can withdraw your funds from the pool on-demand or export a tokenised (aTokens) version of your lender position. aTokens can be moved and traded as any other cryptographic asset on Fantom.
No platform can be considered entirely risk free. The risks related to the Feliz platform are the smart contract risk (risk of a bug within the protocol code) and liquidation risk (risk on the collateral liquidation process). Every possible step has been taken to minimise the risk as much as possible-- the protocol code is public and open source and it has been audited.
Be careful, Feliz doesn't have any downloadable mobile application available. If you find one, it is a scam. Feliz Protocol would not ask for your seed passphrase ever.
Feliz never advertises on any social media or search engine. If you see any advertisement, those are scams and phishing sites.
If you are unsure about any specific terms feel free to check the .
If you still have any questions or issues, feel free to reach the Feliz team in the or .