Surf V2 markets
Bring dynamic market-driven rates, time-based lender accrual, multi-collateral and community markets, and flexible position management into one coherent lending experience.
Roadmap
The next chapters of Surf.
Build the most useful lending experience on Cardano, then open it to more users, builders, and forms of credit. This roadmap describes the direction of Surf, not fixed delivery dates. Priorities can move as user needs, liquidity, security requirements, and ecosystem infrastructure evolve.
Current focusNextProgressive decentralizationStrategic directionResearch
01Current focus
Make the core product exceptional.
Sharpen what lenders and borrowers use every day.
Better leverage trading
Improve execution previews, slippage visibility, position monitoring, and exits. Explore advanced controls such as take-profit, stop-loss, and automated risk management as the underlying Cardano experience matures.
Formalized DAO governance
Define what can be proposed, who may submit proposals, the requirements for a valid proposal, and the thresholds and rules for passage. Give SURF holders a path to create proposals as well as vote on them.
02Next
Make Surf composable.
Let other Cardano products bring Surf to their own users.
SDK and developer API
Give wallets, aggregators, dashboards, and dApps reliable building blocks for Surf markets, positions, rates, and transactions, supported by versioned documentation and testnet examples.
Embedded lending and leverage
Enable users to earn, borrow, and use Surf leverage from the products they already use, while Surf provides the underlying liquidity and market infrastructure.
Lending aggregation
CandidateExplore a unified experience that helps users compare and access lending opportunities across Cardano, with transparent terms and risk context.
03Progressive decentralization
Open the infrastructure.
Reduce reliance on any single operator without weakening reliability.
Community-run liquidations
Open liquidation execution to more operators with transparent incentives, monitoring, and fallback paths so unhealthy positions can be resolved reliably.
Decentralized batchers
Move toward multiple batcher operators, clearer queue and service health, and resilient execution paths for orders that currently rely on protocol infrastructure.
Stronger price resilience
CandidateExplore additional price-source safeguards, monitoring, and fallbacks for markets where oracle quality is a material constraint.
04Strategic direction
Expand into new asset classes.
Enter new markets when the infrastructure is ready to support them safely.
Bitcoin integration
Bring Bitcoin-backed lending and borrowing to Surf through mature Cardano Bitcoin infrastructure, including work with ecosystem partners such as Sundial, when bridge, oracle, and liquidation assumptions meet Surf's standards.
Private lending on Midnight
Explore privacy-enhanced lending built around selective disclosure, private borrower credentials, and confidential reporting, with private credit markets as the longer-term direction.
Real-world asset markets
Explore curated lending markets for tokenized real-world assets where legal structure, custody, pricing, and borrower protections can be made clear.
05Research
Give SURF holders more utility.
Develop features that reward long-term participation without compromising market fairness.
Advanced position protection
Research holder features such as automated health alerts, auto-repay from collateral, stop-loss controls, and earlier protective exits before a position reaches liquidation.
Reputation-based credit
Explore whether verifiable on-chain history and privacy-preserving credentials can support differentiated access or terms, with undercollateralized lending considered only after the model is proven safe.
Advanced analytics and automation
CandidateExplore richer portfolio alerts, strategy tools, and automated controls for users who want more active management of lending and leverage positions.
How priorities move
Value first. Secure throughout.
01User value. Does it make lending or borrowing meaningfully easier, fairer, or more useful?
02Liquidity and safety. Can the market support the feature without hiding material risk?
03Ecosystem readiness. Are the required wallets, bridges, oracles, and Cardano infrastructure mature enough?
04Open ownership. Can responsibility move toward transparent governance and community operation over time?
Roadmap items are directional. Features, sequencing, and scope may change as research, audits, governance, and real market conditions provide better information.