Protect Loan

The purpose of this loan is to add a protection mechanism to an existing loan.

Frontend Requests Protection For Loan

 struct Protection {
        uint256 openingFee;
        bool active;
        uint256 cancellationFee;
        uint256 premium;
        uint256 totalCreditOffered;
        uint256 startDate;
        ProtectionStatus protectionStatus; -> OPEN, CLOSED, LTV_PROTECT
    }

    struct ProtectionUpdate {
        uint256 endDate;
        uint256 availableCredit;
        uint256 interestRate;
    }

****API ENDPOINT****

Params

Type	Name	Description
String	userAddress	The address of the user getting protection

Backend Gets Protection Params from Pricing engine

TBD by backend team

Backend Sends Protection Params to Frontend

struct Protection {
        uint256 openingFee;
        bool active;
        uint256 cancellationFee;
        uint256 premium;
        uint256 totalCreditOffered;
        uint256 startDate;
        ProtectionStatus protectionStatus; -> OPEN, CLOSED, LTV_PROTECT
    }

    struct ProtectionUpdate {
        [uint256 endDate;
        uint256 availableCredit;
        uint256 interestRate;]
    }

Return Data

Frontend Confirms Protection Request

Step 1: Create Action Data (Protection)

protectionData = encode(
    [uint256, uint256, uint256, uint256],
    [openingFee, 
    cancellationFee, 
    premium, 
    totalCreditOffered]
);

Step 2: Create Action Data (Protection Update)

protectionUpdateData = encode(
    [uint256, uint256, uint256],
    [endDate, totalCreditOffered, interestRate]
);

Step 3: Create Call Data

addProtectionData = contract.encodeABI(
    fn_name="addProtectionToLoan", 
    args=[
        protectionData, 
        protectionUpdateData, 
        userAddress, 
        uniqueId, 
        openingFee, 
        tokenAddress
    ]
)

Step 4: Execute Transaction

protocol.execute(
    "LoanBrokerageModule", 
    0 ether, 
    addProtectionData, 
    Enum.Operation.Call
);