Live on Arbitrum Testnet

DeFi Lending,
Without Oracles

The Gavel replaces price oracles with competitive auctions. Lenders bid, markets decide rates, manipulation becomes impossible.

Try Testnet
59
Fuzz Tests
83
Test Cases
0
Oracle Dependencies
THE PROBLEM

DeFi Lending Is Broken

Traditional DeFi protocols rely on oracles to set interest rates. This creates systemic vulnerabilities that have cost the industry billions.

!

Oracle Manipulation

Flash loan attacks exploit price feeds for profit

!

Centralization Risk

Rate-setting depends on external data providers

!

Inefficient Pricing

Rates don't reflect real-time market demand

$2T+
Bitcoin Market Cap

Most of it sits idle because existing lending solutions carry unacceptable risks.

The Gavel
Auction-Based Rates
Lenders compete by offering better terms. The best bid wins. No oracles required.
12%
Bid 1
10%
Bid 2
9% 🔨
Winner
THE SOLUTION

Markets Set the Rate

The Gavel eliminates oracle dependencies entirely. Instead, competitive bidding discovers the true market rate for every loan.

Competitive Auctions

Lenders bid down rates — borrowers always get the best available terms

Zero Oracle Risk

No external price feeds to manipulate or fail

Tradeable Positions

Loans mint as NFTs — trade, sell, or transfer anytime

100% Open Source

MIT licensed — free for anyone to use, fork, or build upon

HOW IT WORKS

Three Steps to Fair Rates

Market forces replace algorithmic rate-setting. Every loan gets the best rate lenders will offer.

1

Request a Loan

Lock your collateral and set your terms:

  • Collateral amount (WBTC, ERC20, NFT)
  • Amount to borrow (USDC)
  • Maximum repayment cap
  • Loan duration
2

Lenders Compete

Auction opens and lenders bid:

  • Each bid offers a lower repayment
  • Real-time price discovery
  • Market sets the rate
  • No oracle manipulation possible
3

Best Bid Wins 🔨

Gavel falls, loan activates:

  • Borrower receives capital
  • Lender earns market yield
  • Position NFTs minted
  • Trade on secondary market
FEATURES

Built for Security

Competitive Auctions

Lowest bid wins — market forces guarantee fair rates

Oracle-Free

Zero external dependencies — no manipulation vectors

Position NFTs

Loans as tradeable ERC721 tokens

Grace Period

24-hour buffer protects borrowers at maturity

BUSINESS MODEL

Open Protocol, Lean Business

Free infrastructure for everyone. Simple fees for those who want convenience.

The Protocol (Free)

100% open-source and free forever. Deploy your own instance.

  • Full source on GitHub
  • Deploy your own contracts
  • Build your own interface
  • No fees, no gatekeepers

The Listing Service

Optional convenience layer with curated access and support.

  • 0.1% listing fee on collateral
  • Whitelisted, vetted tokens
  • Premium UI/UX
  • We never custody funds

Key: We're an aggregator, not a lender. Capital never flows through us.

ROADMAP

Building Toward Bitcoin

From EVM launch to native Bitcoin custody and beyond.

✓

Phase 1: Arbitrum Launch

Testnet Complete

Target: Q2 2026 Mainnet

  • WBTC & ERC20 collateral
  • NFT collateral support
  • Competitive bidding auctions
  • Position NFT marketplace
  • 59 fuzz tests, 83 test cases
  • Audit preparation complete
2

Phase 2: Native Bitcoin

Specification Complete

Target: Q4 2026

  • EigenLayer AVS integration
  • FROST threshold signatures
  • Native BTC collateral
  • No wrapped token dependency
3

Phase 3: Universal Collateral

Vision

Target: 2027

  • Multi-chain AVS attestation
  • Cross-chain collateral
  • Canonical yield curve benchmark
  • Institutional data products
SECURITY

Trust Through Transparency

Open Source

Full source code on GitHub

View Code

Extensive Testing

59 fuzz tests, 50K+ iterations

Audit in progress

Immutable

Non-upgradeable contracts

No admin keys

Live Testnet

Battle-tested on Arbitrum Sepolia

Try Now
The Gavel

Ready to Try Fair Lending?

Experience oracle-free DeFi on testnet. See how competitive auctions change everything.

Launch Testnet
CONTACT

Get in Touch

GitHub

Explore the source code

Email

contact@thegavel.finance

Twitter

Follow for updates

Documentation

Technical specs, PRDs, and guides

Careers

Join the team — we're hiring!

Documentation

Complete technical and product documentation available:

Phase 1, 2 & 3 PRDs
Security Documentation
Smart Contract Source
Test Coverage Reports