Summary: Wildcat is borrower-defined private-credit infrastructure, not a general shared lending pool. The real surface is borrower-authored market policy: admission hooks, reserve ratios, withdrawal terms, transfer restrictions, and legal wrappers.
What it does:
Lets approved borrowers deploy custom undercollateralized lending markets with fixed borrower-set rates and borrower-set reserve requirements
Uses market-specific access-control hooks so borrowers can gate lenders via whitelists, KYC/KYB providers, sanctions checks, accreditation proofs, or other credential systems
Represents lender claims with rebasing market tokens whose value grows via a scale factor as interest accrues
Handles withdrawals through batched request windows, FIFO unpaid-batch priority, and delinquency penalties when borrowers fail to maintain required liquidity
Provides an open-source Master Loan Agreement and other legal/compliance scaffolding so onchain markets can map onto more traditional credit relationships
Key claims:
Wildcat’s docs describe the protocol as decentralized undercollateralized borrowing and lending where borrowers create customized markets instead of borrowing from a shared collateral pool
The Elevator Pitch says borrowers control loan amount, fixed interest rate, reserve ratio, redemption terms, lockups, minimum deposits, sanctions screening, and token transferability, making the borrower—not a global risk committee—the primary policy author
The onboarding docs say Wildcat itself only onboards borrowers, while each borrower defines lender requirements and lenders obtain credentials through market hooks; sanctioned addresses are blocked via a Chainalysis oracle
The access-control docs show that borrowers can approve multiple credential providers with TTL-based access, including pull- or push-style role providers and arbitrary validation data, which makes compliance and distribution logic modular rather than protocol-global
The core-behavior docs show that withdrawal requests are socialized into batches, with 100% collateral required once tokens enter pending withdrawal and with unpaid batches handled FIFO, so liquidity timing and reserve management become central borrower obligations
Wildcat explicitly says it does not assess borrower creditworthiness or insure defaults, which clarifies that the protocol is a settlement and market-configuration layer for direct credit exposure, not a risk-underwriting service
Whitepaper: Wildcat maintains an official whitepaper and docs set; see ../whitepapers/wildcat-primary-sources-2026-05-08.md and ../whitepapers/wildcat-whitepaper-v2.0.pdf.