V2.1 Improvements Summary

A quick side-by-side look at what changed from V1 (CDP-based, over-collateralized loans) to V2.1 (liquid-staked RWA architecture) and why it is better for users, institutions, and developers.

Area
V1 – Old Design
V2.1 – New Design
Why It’s Better

Core Model

Users borrowed against crypto (over-collateralized). Risk of liquidation.

Users swap into USDL and stake into LsRWA vaults. No loans, no liquidations.

Simpler, no liquidations, no over-collateralization. More capital efficient.

Extra Yield

Passive RWA exposure only.

Vaults run low-risk, strategies that boost RWA returns by ≈ 2-5 % a year.

Higher returns without extra steps.

Compliance

Geo-blocks only at the website/UI level.

Wallets pass a one-time KYC and can use RWA tokens anywhere.

Ready for institutions, multiple jurisdictions, and future U.S. roll-out.

Safety Buffer

LNDR stakers back system.

Asset Reserve Fund (ARF), refills automatically from fees. LNDR stakers back system secondarily.

Clear redundant protection against rare losses.

Peg Control

Relied on outside traders.

Outside traders and in-house bot trades to keep USDL near $1.

Tighter peg variance.

Governance & Rewards

Issuance and redemption fee share.

Stake LNDR to vote and earn issuance, redemption and performance fees.

Community shares in growth and governance.

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