Overview

An Overview of the Ryder protocol

What is Ryder Finance?

Ryder is a decentralized protocol that interfaces with major Lending protocols on Blockchains. With unlimited access to on-chain liquidity (through Flashloans), we allow our users 'self liquidate' their positions on these protocols to avoid losses from protocol liquidation or leverage their assets for more returns.

Say a user has a loan on Aave with a health factor of 1.03, if she fears the value of her collateral will continue plummeting, she can liquidate her position (through Ryder) and prevent the loss of a percentage of her collateral if she were to be liquidated by the protocol (Aave). The Ryder liquidation contract takes a Flashloan of her debt, repays her loan and sells her collateral to repay the Flashloan. She can also increase returns on a token by selecting a debt to incur and going through a series of loops of deposit of said token and borrow of selected debt, swap of debt for token, redeposit and so on, all in a single transaction. She will then be ‘long’ on that token and ‘short’ on the debt. She can then liquidate her position and lock in profits once the position is profitable.

We believe the concepts listed above will transform peoples perception of Lending protocols and take us one step further in the direction of a truly decentralized financial system, where you are fully in control.