what's wildcat protocol?
Wildcat Protocol is an Ethereum-based decentralized lending platform that enables undercollateralized credit arrangements between borrowers and lenders. Borrowers can create customizable vaults with their own terms, such as interest rates and collateral requirements, while lenders decide whether to participate based on reputation and risk assessment. The protocol aims to replicate real-world private credit mechanisms, like tabs or net-30 terms, in a trust-minimized on-chain environment. It supports arbitrary ERC20 assets and has seen significant credit origination, with features like borrower-led markets and partnerships for yield strategies. Launched in late 2023 with V2 in early 2025, it focuses on expanding credit access in DeFi without overcollateralization.
Wildcat Protocol now operates 67 markets, including a new 100k USDC market from Tradevu Capital.
Links
x.com/wildcatfiTerminated the Wildcat Foundation USDC market, enabling all lenders to withdraw and claim their funds.
Finalizing a prototype of revolving credit facility markets along with new features for auction-style predeposits and rotating fixed-term lockups.
Fee script logs show 67 markets operating on the platform.
Tradevu Capital opens a fixed-term USDC market seeking 100,000 USDC at 6% APR, maturing March 5, 2026.
Auros Global launches a 5,000,000 USDe lending market at 18% APR on the platform, the second USDe market, aimed at routing liquidity to on-chain venues including Ethereal DEX.
Lending to Wintermute on the platform is characterized as one of the most flexible and high-yielding opportunities onchain.
Berachain executed a VC rebate affecting 19% of the protocol's TVL yesterday.
Wildcat Protocol is named as one of two leading contenders working on undercollateralized lending solutions in DeFi, alongside @3janexyz.
The platform was used to provide loans to Kain for Ethena PIPE investment participation, with current ENA price at 24¢ (PIPE breakeven) raising potential repayment concerns for lenders.
Wildcat Labs now operates with a 10-person team and has originated nearly $500M in total credit.
Safe Ventures announces Wildcat Protocol as part of its 24+ company portfolio focused on self-custody and DeFi infrastructure.
Trader raises concerns about possible exposure to StreamDefi contagion, calling for the project to disclose any connections in the aftermath of the October 10 market event. (ID: 1985641364403732762)
A trader considers putting up a Venezuelan bond trade on the platform. (ID: 1984405841575895183)
Protocol team interviewed today on @edge_pod podcast, revealing 40+ active borrowers, while concerns surface about risk management processes to identify distressed borrowers following the recent flash crash.
Total Value Locked declines from 162 million to 114 million in response to Friday's flash crash as lenders withdraw credit lines, with additional withdrawals pending in queued batches.
Protocol confirms zero lender liquidations or negative impacts during recent market volatility episode, with no borrower defaults and credit operations continuing normally despite broader market stress.
A withdrawal guide is now available following Kinto's shutdown, allowing Wildcat lenders and other parties to claim their respective allocations.
An ongoing liquidation impacts lenders with structured payouts - 50% of principal available now and 26% remainder claimable October 30th.
New open-term EURC market created by Keyrock Trading, offering 10% APR for up to 2,000,000 EURC.
Little Engine Trading launches new High Yield USDC market with 2.5M USDC capacity at 21% APR on open terms.
The protocol secures $3.5M funding round, highlighting its focus on undercollateralized lending in the DeFi space.
A negative event involving Kinto has occurred, with official communication from the team promised for tomorrow.
Following the funding announcement, there's been a surge in suspicious outreach with numerous unverified accounts offering questionable exchange listings and business development services.
Raises $3.5M in seed extension round led by Robot Ventures at $35M valuation to develop undercollateralized lending protocol.
Credit origination reaches US$368 million, demonstrating significant lending activity.
New strategic partnership formed with Plasma Foundation, joining their DeFi partner ecosystem alongside major protocols like Aave and Ethena.
New USDe lending market launches with Hyperithm, offering 20x Ethena points multiplier.
dTRINITY provides $50K bridge loan contribution, reducing bad debt to under 2% of NAV
Revenue multiple vs Berachain drops from previous 33x to 18x, indicating significant performance decline.
Daily revenue reaches 118x compared to Story protocol, marking highest revenue multiple to date.
New Dune analytics dashboard launches with borrower insights and yield rankings across markets.
Revenue multiplier vs Berachain increases from 20x to 33x, marking new performance milestone.
Lending pool facilitates significant position in newly announced ENA pipe deal.
New Phoenix Facility credit line launches to aid recovery from Proxy Exploit incident and restore victim funds.
Daily revenue multiplier doubles to 20x compared to Berachain, marking new growth milestone.
TVL reaches $150M milestone during EthCC; optional collateralization features in development.
New partnership with 3Jane enables USDC lending against private credit loans at 15% APY.
Daily chain fees surge to 10x Berachain's revenue, marking substantial growth acceleration.
Daily revenue surpasses 4x combined revenue of Berachain and Celestia, showing accelerated growth.
New lending markets for Wintermute offer 11% APR with $20M capacity each in USDC and USDT.
Annual revenue reaches $667k as protocol turns profitable.
Protocol generates 3x the combined chain revenue of Berachain and Celestia in latest daily metrics.
First public deposit market launches with PlasmaFDN integration for XPL public sale.
Multiple institutional vaults including Selini and SplitCapital reach full capacity, though concerns emerge about potential under-collateralization of the protocol.
New USDC lending market offers 18% fixed APR for three-month term
Protocol reaches $100k in total fees collected from lending markets.
Strategic alignment formed with 3Jane protocol to expand credit markets, with Wildcat focusing on institutional borrowers while 3Jane targets retail users, particularly in the US market.
Total lending capacity reaches $114 million across multiple institutional borrowers, representing 10x growth from previous reported figures.
New SOL lending market launches with Hyperithm offering 14% APY on 30,000 SOL capacity via Wormhole bridge.
Protocol offers stablecoin lending on Ethereum with no impermanent loss or leverage risk.
Protocol's USDC lending capacity to Wintermute is currently at 8M USDC of the total 11.4M capacity.
Protocol valuation surpasses $100M mark.
Protocol lending markets reach full capacity; Wintermute offers 12% on $11.4M total USDC/USDT capacity.
New collateral contract feature released, enabling flexible collateralization rates from 0-300% with multiple asset types.
Technical integration with WildcatFi introduces onchain single-side LP for democratized market-making.
New protocol enables on-chain market making deals with open access and transparency.
Fixed 12-14.4% APY available on stablecoins through Wintermute and Selini Capital partnerships.
Protocol experiences $1.5M daily TVL increase despite market downturn.
V2 reaches $47.74 million in TVL, approaching $50 million milestone. Offering average APY of 4%.
Noted for being less opaque compared to existing similar agreements.
Mentioned upcoming airdrop expected to be valuable
Unsecured lending protocol launched with floating price innovation. Focuses on commercial paper issued by market makers and other entities.
Wintermute creating markets seeking $75M in public credit via USDC/USDT (12% APR), WETH (4%) and cbBTC (3.75%). Minimum deposits: 1,000 stables, 1 WETH, 0.01 cbBTC.
Discussed as undercollateralized lending platform launching with focus on USDC markets.
V2 launched offering permissionless, non-whitelisted lending to Wintermute with up to 13% APY program for stables.
Designed to operate independently of Labs beyond documentation and troubleshooting.
Wildcat V2 launched on February 27, 2025, under stewardship of newly created Wildcat Foundation.
Announcement and thesis presentation scheduled for ETH Denver this week.