Introduction

The Most Efficient Banking Protocol

The Keep Protocol is a new paradigm of a decentralized banking system integrated with margin trading and algorithmic market operations(AMO), which enables instant lending with high capital efficiency.

• At the heart of the Voltz Protocol is the Lending Pool that is responsible for the deployment of Interest Rate Swap (IRS) pools.

• Each (IRS) pool works on top of a yield-bearing pool that produces variable rates of return (e.g. Aave v2 aUSDC lending pool).

• Each IRS pool has an inception date and a maturity date at which the swaps are settled.

• Each (IRS) pool is made up of three key components (contracts): Margin Engine, Virtual Automated Market Maker (vAMM) and Full Collateralization Module (FCM):

Margin Engine

Responsible for the management of position margin, cashflows and liquidations.

vAMM

Responsible for price discovery for the initiation of interest rate swaps.

Full Collateralization Module (FCM)

Enables traders to enter into fully collateralized fixed taker positions by depositing margin in the form of the yield-bearing asset (e.g. aUSDC) instead of the underlying token (e.g. USDC)