Pillar Protocol Guarded Main Net Test(6-April-2021)

  • Collateralize ZRC2
  • Connecting ZilPay Wallet.
  • ZIL to WZIL Wrapper (Via this Guide)
  • Minting Pillar (currently 100+ vaults available, and only 7X addresses whitelisted to participate in the guarded launch).
  • Paying Back Pillar Debts Partially/Fully
  • Collateral Unlocking
  • Liquidation
  • PP Interest being sent to “Insurance Fund” Address (This is currently an address, that will become a smart contract in the subsequent versions where gZIL needs to be staked in order to obtain part of the Pillar Interest collected. Interest collected in this version will simply remain on the wallet and added to the future Smart contract)
  • Liquidation Penalty (10% of collateral) will be being sent to ”Developer Address”. 30 % of this will be used for future development funding, and 70% of this is going towards buying gZIL and burning it) In subsequent versions, this will be a smart contract that automates the buying of gZIL and burning with 70% of the collateral, as well as sending the 30% to a developer address.
  • Price Oracle that is currently running on AWS and tracks the Binance/OKEx price. Every 10minutes this price is printed on the Zilliqa Blockchain. (In the future this needs to be decentralized, and pricing intervals needs to increase).
  1. Go to https://app.pillarprotocol.com/

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