l20p v1 uniswap v4 hook Ethereum mainnet

Borrow ETH
without selling your tokens.

l20p is a Uniswap V4 hook lending AMM. The idle ETH sitting in the pool — capital that would otherwise just back trades — is lent out against locked l20p collateral. Buy l20p on the curve, lock it, draw from the pool's reserves. Repay anytime. Liquidations are permissionless, with a delayed two-step guard after the exploit fix.

start trading see the curve ◆ yellow paper
02 Security Update patch live in v3

What Changed

  • Two-step liquidation flow: request first, execute later.
  • Minimum liquidation delay: 2 blocks.
  • Same-block swap/liquidate path is blocked.
  • Cooldown also checks recent swap block drift.

Verification

Replay testing reproduces the exploit behavior on legacy code and shows the patched flow emits only a liquidation request on first call, then enforces cooldown before liquidation can execute.

LDF · 100 BANDS × 30 ETH · V4 NATIVE CURVE LIVE · SYNCED
POOL ETH
—
— liquid + — lent
SPOT · ETH/l20p
—
—
ACTIVE BAND #0
0–30 ETH
—
BOUND BAND #0
0–30 ETH
next borrow draws here
CHART & BAND SKYLINE · COMING SOON
LTV 40% ORIG FEE 1% LIQ THRESHOLD 150% BOUNTY 1% BAND CAP 30 ETH MIN COLLAT 0.1 ETH BANDS 100 POOL TOKENS: 1.00M l20p
03 Trade & Borrow
◆ EXECUTE ■ READY
Lock Collateral bal —
≈ $—
↓ YOU BORROW
0 ETH
LTV
40%
Origination Fee
— ETH
Util After
—
CALLS LENDINGHOOK 0xb3bd…bACc ↗
Your Positions
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