In November 2020, we announced the development and upcoming launch of the first version of HLL (High Level Language). Today, we would like to update you on our progress.
Reminder
HLL is planned as the first programming language for financial smart contracts development that is fully human-readable. It will enable creating DeFi instruments with no-code/low-code skills.
The first use case
Over the last three months, our team was working to implement HLL to provide a no-code level of experience and now you are finally able to try it on Dfinance. The first available instrument is CDP (Collateralized Debt Position) deals.
Interface
Currently, HLL appears as text where you may replace preset parameters with your own; The magic actually happens under the hood. The end result of the process is a fully fledged smart contract deployed on Dfinance, based on the preset parameters. Here’s a peak of the UI:
We’ve developed the mechanics of CDP Offers that will enable lending out assets to other users, thus, earning more. And in order for this procedure to work well, we have compiled requests with two options on HLL: to create and use CDP Offers.
This mechanic is available on HLL, so that users don’t have to write all the code by themselves. You can create a CDP contract and become a mini-bank for borrowers or get a CDP from other users.
What’s next
Our next big milestone when it comes to HLL development is to work on scaling, increase its power, and add more tools and opportunities.
First, we plan to integrate additional instruments and to add the possibility to create compound dependencies in the requests on HLL. This will allow users to combine different instruments and compose more complex financial solutions. Our end goal is to turn the HLL into a universal environment that enables creating financial instruments and trading strategies without any programming knowledge.
We invite you to try out this new feature and leave us your constructive feedback. As always, please follow us on our social channels and share!
