FLRLoans

FlareLoans is a decentralized borrowing protocol that allows the users to draw interest-free loans against SGB/WSGB used as collateral.

## Overview FLRLoans is a decentralized borrowing protocol built on the Songbird network that enables users to obtain interest-free loans by depositing SGB or WSGB as collateral. The protocol operates as a collateralized debt position (CDP) system where borrowers lock cryptocurrency assets to access liquidity without surrendering ownership of their collateral or paying interest on borrowed amounts. The existence of FLRLoans addresses a specific need within the Flare ecosystem: users who hold substantial SGB positions but require access to liquid capital without selling their holdings. Traditio