Overview
Pike is a modular, multi-chain lending protocol with built-in DEX functionality, designed to maximize capital efficiency for lenders, borrowers, and traders. By leveraging advanced liquidity mechanisms while maintaining risk isolation across markets, Pike Market enables users to supply and borrow assets while delivering competitive yields and superior asset utilization.
What Makes Pike Different?
Pike is designed to address the inefficiencies of traditional lending platforms by :
Modular Architecture: A factory-based architecture that allows deployment of custom lending markets. This modularity enables governors to spin up markets tailored to specific assets, networks, or risk parameters.
Optimized Interest Rate Model: Pike uses the industry-led 3-slope (Double Jump Rate) interest rate model design that dynamically adjusts rates across three distinct phases - instead of 2-slope which is responsive just for 2 distinct phases. This would encourage borrowing at low reserves utilization by providing the most optimal rates, maintaining balanced rates during normal conditions, and discouraging excessive borrowing at high utilization levels to preserve liquidity.
Advanced Oracle System: Pike uses a dual-oracle architecture with primary and fallback price providers (Chainlink, Pyth) for enhanced security. The system includes advanced boundary validation that automatically rejects fallback prices if they deviate beyond configurable tolerance ranges from the primary oracle. This protects against oracle manipulation and failures, providing superior reliability compared to single-oracle systems.
Multi-Tier Governance System: A robust well thought out governance structure designed for operational efficiency which caters to different roles to handle unique operational responsibilities.
Support for SPA Tokens: Enables wSPA tokens from Tapio pools to serve as collateral in Pike's lending markets, allowing users to earn both fees from Tapio and lending interest from Pike simultaneously for maximum capital efficiency. Learn more about Tapio here
Unified Trading Experience: Earn both lending and swap fees in one platform, creating a unified liquidity experience.
Margin Market for Leveraged Trading (coming soon...): Borrow and trade with leverage directly within Pike's ecosystem, unlocking new capital efficiency and trading strategies.
Cross-Chain Liquidity Optimization (coming soon...): Seamless lending and borrowing across multiple chains, access Universal Vaults for efficient liquidity allocation powered by Protocol-Oriented Chain Abstraction (POCA).
Who Can Use Pike?
Lenders: Earn competitive yields on a diverse range of assets with dynamic interest rates that adjust based on market utilization.
Borrowers: Access liquidity efficiently while leveraging on-chain pricing mechanisms, with flexible repayment options and clear liquidation parameters.
Liquidity Providers (LPs) & DeFi Users: Use DEX LP tokens for lending and borrowing strategies without liquidity constraints, maximizing capital efficiency across DeFi protocols.
Developers & Integrators: Build custom lending solutions using Pike's modular framework, with comprehensive APIs and smart contract interfaces.
Governors: Has the ability to configure their own protocol instance, tailoring risk parameters, interest rate models, and oracle configurations to suit their specific strategies and user base.
Liquidators: Participate in the liquidation mechanism to earn incentives while maintaining protocol stability and security.
Security Measures
Security Audits Pike prioritizes security through comprehensive audits by leading security firms including MixBytes and Fuzzland. We are constantly pushing the boundaries of what is possible in building a secure DeFi protocol with granular access control, efficient liquidation mechanisms, and emergency edge cases handling capabilities to protect both individual users and the broader ecosystem.
Real-time Protection We are working with Fuzzland, who specializes in continuous real-time on-chain smart contract monitoring and active exploit prevention tactics. They have helped numerous DeFi protocols front-run exploits.
Crowdsourced Security Review We are working with Cantina, an innovative and familiar platform for competitive code review.
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