How It Works

Cog works thanks to a couple key parts.

  1. Cog Pair is the contract which runs the actual pools, allowing people to borrow assets against their collateral.

  2. Cog Factory is the contract that allows users to create pools permisionlessly.

  3. A Multi-Hop routing system will let both borrowers and lenders select the most suitable route based on risk tiers and interest rates.

  4. Tinkermaster + Partial Liquidations to keep collateralized pools healthy

  5. A Vault based system to prevent liquidity fragmentation but let lenders choose their risk profile.

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