This proposal integrates B.Protocol by adding the ‘B.Protocol Connector’ to the master DSA Connector contracts, enabling DeFi Smart Accounts to interact with B.Protocol.
B.Protocol is a Backstop liquidity protocol for DeFi lending platforms, currently integrated on top of MakerDAO and Compound. Users of B.Protocol give priority to the Backstop liquidators in the liquidation process, and the liquidators in return share the liquidation profits with the users. B.Protocol is fully decentralized and is governed by $BPRO holders.
The B.Protocol community has written the connector contracts needed to integrate B.Protocol into the Instadapp protocol. The Instadapp team has reviewed these connectors for structure and security.
Liquidations are one of the most crucial growth engines for DeFi to scale. B.Protocol’s backstop solution enables lending platforms another layer of security against market crashes using committed liquidators. Users gain more by using B.Protocol (than by using the lending platforms directly) as the Backstop liquidators share their profits with the users instead of paying high gas fees to miners as part of the ever-going gas wars with other liquidators.
Integrating B.Protocol will open new channels for DeFi users to scale the ecosystem while gaining more from the same lending platforms that are already available to Instadapp users.
- B.Protocol DSA-Connector PR: Add B.Protocol by yaronvel · Pull Request #57 · Instadapp/dsa-connectors · GitHub
- B.Protocol DSA-Resolver PR: Add B.Protocol by yaronvel · Pull Request #4 · Instadapp/dsa-resolvers · GitHub
- The B.Protocol Connector is added to the DSA Connectors master enabling its use with any DeFi Smart Account.