Lending Protocol V1.1
Extends Single Asset Vaults and the Lending Protocol with closed-ended vaults and cash-basis accounting.
The LendingProtocolV1_1 amendment extends Single Asset Vaults and the Lending Protocol in two ways. It restricts loans to a new type of closed-ended vault, which has defined subscription, investment, and redemption phases. Newly created vaults also utilize an updated cash-basis accounting model instead of the whole-life model implemented by the original Single Asset Vaults amendment.
Key Dates
XLS-65 Spec
Technical spec for Single Asset Vaults outlining requirements, design, and implementation details. Updated for LendingProtocolV1_1.
XLS-66 Spec
Technical spec for the Lending Protocol outlining requirements, design, and implementation details. Updated for LendingProtocolV1_1.
Closed-Ended Vaults
Learn how a closed-ended vault moves through its Subscription, Investment, and Redemption phases.
Cash-Basis Accounting
Learn how vaults and loans recognize interest income under the new cash-basis accounting model.