After is currently in its beta phase and has not yet launched on mainnet.
ProtocolOverview

Overview

The following diagrams outline the protocol’s operational flow and provides a high-level overview of how After functions. For detailed information, please refer to sections Lending, Borrowing, Voting, afterDeposit, afterRedemption, afterShare, and afterStaked.

Lending and Borrowing Flow

  • Lender deposits 6,000 AERO for 6,000 afterDeposit.
  • Borrower deposits a veNFT worth 10,000 veAERO in exchange for 10,000 afterShare and 1 afterRedemption.
  • As it is a 50% LTV market, the borrower can borrow up to 5,000 AERO against their 10,000 afterShare.
  • Rewards are distributed to the market, which is sent to the staking contract and then the lender.

Staking Flow

  • The borrower deposits a veNFT worth 10,000 veAERO in exchange for 10,000 afterShare.
  • The borrower stakes their 10,000 afterShare for 10,000 afterStaked.
  • Rewards are distributed to the staking contract, which the borrower can claim.
IntroductionLending