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/




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Weekly Leaderboard Winners

Starting from March 2021 Unmarshal, a multi-chain DeFi data network that pursuits to grant dApps…

The scourge of the crypto influencer

AMA w/ CEO, Zan Wu

Tempus: Newsletter

4 Reasons Why ICOs Fail And How To Avoid ICO Failure In 2019

Free $135 with Best Crypto Currency Sign-up Bonuses

Das Spiel (SPIEL) is a fun and very rewarding continuous game on the blockchain.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


More from Medium

Exploring NFP Studio Stacking Service

How to stake Uniworld (UNW) on UniWallet?

Presale event & details about the launch

PcMan FTP Server Exploitation Through Go Scripting — Practicle Classical BOF Example