Problem statement
Taurus Loans is a self-repaying loan protocol. Traditional DeFi loans require active management: borrowers must manually repay or risk liquidation. Taurus removes that burden — collateral is deployed into a yield source, and the generated yield is routed back to retire the debt.
Architecture
- Collateral vault — accepts GMX token deposits and forwards them to a yield strategy.
- Debt accounting — tracks each position's principal against accruing yield.
- Automation layer — OpenZeppelin Defender + Gelato trigger the periodic harvest-and-repay cycle without manual intervention.
Trade-offs
Routing yield on-chain introduces dependency on the underlying strategy's risk profile. The design favors conservative, audited yield sources over maximal APY.
Automation
The harvest cadence is tuned against gas cost: too frequent and fees erode yield; too rare and debt lingers. The keeper job batches positions to amortize gas.
Security & audit
Taurus Loans underwent a competitive security review on Sherlock. The contest findings and report are public:
Links
Built at Protokol BV. Full contract addresses, gas analysis, and the threat model are being expanded.