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Lif3 is deployed as a collection of smart contracts on the Tomb Chain network. These smart contracts make possible decentralized lending and leveraged yield farming by enabling non-custodial, permissionless markets. Lif3 offers a new DeFi experience and is inspired by ground-breaking initiatives such as Aave, Compound, Impermax, and Uniswap.
The Liquidity tab on Lif3.com makes up the basic Terrace contracts. Anyone can establish a loan pool, and each lending pool is independent. Other lending pools are unaffected if a borrower is ultimately liquidated in one of them.
Users can communicate with the core contracts through the Lif3 Protocol's periphery contracts. These peripheral contracts enable performing particular tasks like depositing LP tokens, giving specified tokens to a lending pool, and establishing a leveraged position.