Motivation

The primary usage for lending in DeFi is to use leverage - either to increase exosure to a certain asset or to increase one’s exposure to an asset’s yield. Seneca is a protocol that can facilitate both. Using a dual-token system, the protocol is designed to maximize incentives for liquidity providers in order to facilitate the most leverage possible, while minimizing the protocol’s overall outflows by leveraging third-party platforms and their existing incentives.