<aside> 💡 Factor v2 Knowledge Base: Factor v2 Resources and Updates Official Docs: https://docs.factor.fi/
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Q: What does Factor do? A: Factor is a middleware infrastructure that interconnects DeFi protocols, providing a comprehensive platform for non-custodial asset and liquidity management. It simplifies the creation and management of products and protocols. Factor's no-code platform offers endless possibilities for innovation and collaboration within the DeFi space.
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Q: What networks are Factor currently deployed on?
A: Factor is currently on Arbitrum, but is aiming for a multi-chain expansion in the second half of 2023.
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Q: Who is Factor for?
A: Factor caters to both builders and end-users within the DeFi ecosystem. For builders, Factor provides modular building blocks that expedite the realization of innovative ideas in a more cost-effective and secure manner. This streamlining of the development process sparks creation of innovative products, which in turn can bolster the likelihood of broader DeFi adoption. In simple terms, you can focus more on innovation and less on reinventing the wheel.
For end-users, Factor offers an intuitive and comprehensive interface that simplifies interaction with the ecosystem. By reducing the barriers to entry and enhancing the user experience, Factor encourages a more vibrant, inclusive, and safer DeFi ecosystem.
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Q: What do you mean by building blocks?
A: Factor’s building blocks are pre-built actions that let users easily assemble new protocols, strategies, and products. This can be done through the upcoming drag-and-drop interface in Factor Studio, or directly through the upcoming SDK. We will release more information on the intricate block interactions closer to the Studio launch.
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Q: How does Factor Studio ensure security and control for users? A: Factor Studio provides customizable parameters such as fees, policies, permissions, lockups, and cooldowns. It implements a layered permission system that allows users to define roles and access levels, ensuring a secure and efficient ecosystem where each participant operates within defined parameters. Factor’s architecture is also subject to frequent security audits.
Q: What does the upcoming SDK do, and how is it for? A: Factor Studio is developing an SDK that will cover both infrastructure and strategies. On the infrastructure side, the SDK offers simple access to all the relevant smart contract within the infrastructure. This allows projects to launch and manage Factor-powered products on their own user interfaces and streamline the process of deploying custom strategies.
The SDK also offers a toolkit that simplifies the process of developing, deploying, and managing custom trading strategies on the Factor platform. It is specifically tailored for experienced traders, quantitative analysts, and software developers with trading experience who want to leverage their expertise to create powerful, customized strategies. It also supports the development of trading strategies in multiple programming languages such as Python, R, and Pinescript through the API. Additionally, the SDK will also include templates for various algorithms and other quantitative methods often used by traders.