👋Introduction

Getting into Surge

Surge is a fully autonomous and decentralized lending protocol that aims to disrupt DeFi lending, supporting all non-rebasing ERC20-compliant tokens to be lent and borrowed.

Most tokens remain incompatible with DeFi lending protocols due to the lack of reliable and manipulation-resistant price feeds. This includes long-tail tokens, LP tokens, NFTs and vault tokens. Whereas Uniswap allows anyone to launch a pool for trading any tokens, Surge allows anyone to deploy a pool to lend/borrow any tokens.

For DeFi usage to scale, all tokens should be supported as loan and collateral options. Previous attempts to solve this problem have incurred significant tradeoffs.

Surge protocol is:

• Permissionless: Anyone can use Surge to deploy a new pool, borrow or lend without any constraints.

• Oracleless: There's no dependency (in any way) on price oracles when it comes to borrowing or liquidations, unleashing the potential for all sorts of tokens to be used.

• Adminless: No one is in control of Surge protocol layer, and it requires no maintenance from the team.

• Non-upgradable: Surge protocol contracts cannot be upgraded in any way; once deployed, there will be no further changes.