The lending protocol

📝 Draft. This chapter has not been reviewed yet — content may be incomplete or change.

🚧 This chapter is a stub. It will tie every cookbook concept together on a real peer-to-peer collateralised lending protocol on Liquid: NFT ownership, Simplicity covenants, partial repayments, vault accumulation, and liquidation.

The complete lending example lives in the repository at examples/lending/ (its txmanifest.json plus the covenant .simf programs). This chapter will adapt it into the cookbook, cross-linking each section back to the recipe that introduced the concept:

• Lifecycle → recipe 6
• Params (compile, derived, NFT-encoded) → recipes 2 & 7
• UTXO types (covenants, script-auth) → recipe 5
• IssueNFTs → recipe 8
• LockCollateral, SetupLending, RepayLoan, … → recipes 3, 4 & 9