14. Roadmap
In the coming months, Surf's mission is clear: become the top Cardano dApp in total value locked (TVL).
Since our mainnet launch, Surf has seen the largest influx of ADA of any Cardano protocol, with over 12M ADA deposited. This is an excellent start, and we’re currently 8th across all of Cardano, but now we’re setting our sights higher.
Currently, Liqwid sits at the top with a TVL of 110M ADA. That means Surf is around 10% of the way there. In this article we detail our plan to secure the next 100M ADA in TVL and claim the top position.
Here are some overall bullet points and assumptions that shape our roadmap and strategy for growth.
One of the highest demand apps on Cardano: Platform-wide utilization is above 65%, making Surf one of the most efficient protocols on Cardano. We expect this utilization rate to stay consistent as liquidity grows, so prioritizing lenders should help us get to where we want to go. This includes good returns, timely payouts, and institutional grade standards for security and reliablity, similar to AAVE.
Dynamic interest rates will make the platform even more attractive for both lenders and borrowers. Paired with more frequent payouts, Surf will become the go-to platform for supplying liquidity. This will largely come in the form of Surf V2, which we have started working on and should start sharing the first development updates by the end of this month.
Additional improvements will be made for borrowers as well, with partial repayments and enhanced collateral management delivering a smoother borrowing experience.
Community pool creation will enable a steady flow of listings from community members, especially for hot tokens. Communities can rally around their project’s token and will lead to easy exposure of our lending services.
Multi-collateral support will expand the strategies and options for our users. This will make Surf a one-stop-shop for both isolated lending pools and multi-collateral lending pools.
SDK & API — this should help us get Surf all around the ecosystem, similar to how you can easily swap with the DexHunter API. Major wallet integrations will make lending and borrowing readily available everywhere.
Those are some of the main things we think will help get us to the 100M ADA TVL.
Below is a more detailed roadmap with our long term development and growth plan.
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Phase 1: Surf V1 Enhancements (0–2 months)
Additional Token Listings
We will rapidly expand our supported assets to increase borrowing and lending opportunities, attracting a wider user base and more liquidity.
2. Faster Liquidity Provider Payouts
While borrower repayment timelines are flexible and unpredictable, we can speed up the release of opening fees to liquidity providers. This will make providing liquidity more attractive, increasing TVL and protocol revenue.
3. SURF Governance
Launching governance forum and proposal portal will allow SURF holders to help shape new listings, interest rate models, and other key parameters, all in a timely and efficient manner.
4. SURF Staking improvements
SURF tokens locked in loans as collateral will be counted towards stakers' staking balance, rewarding ownership and usage of the SURF tokens in the protocol.
Phase 2: Surf V2 (6 months)
Time-based LP accrual model
Rework the LP reward model to increase continuously, not only at repayment events. LP value becomes smoother and more predictable.
2. Multi-Collateral Support
Surf will allow borrowing against multiple assets simultaneously, enabling more sophisticated strategies and deeper market liquidity — similar to Aave’s model. This will make Surf home to both isolated lending pools and mulitcollateral pools.
3. Dynamic Interest Rates
We plan to move from fixed utilization-based rates to fully dynamic rates driven by real-time supply and demand. This ensures lenders get optimal returns while keeping borrowing competitive and fair.
4. Liquidation Buffer for SURF Holders
Implementing a liquidation protection feature for SURF token holders will encourage larger deposits and improve retention.
5. Pool Creation
Community markets, where you can open a new lending pool by paying a one-time SURF fee, and earning a share of pool’s interest payments in perpetuity, will enable the community to take over the market listings.
Phase 3: Integrations and Expansion (12 months+)
API & SDK: Surf will release a complete set of APIs and SDK, making it easy for other Cardano projects — wallets, DEX aggregators, DeFi dashboards — to integrate our markets directly. Just like DexHunter appears everywhere for swaps, Surf will become ubiquitous for lending and borrowing.
BTC Integration with Sundial — We aim to integrate Sundial Bitcoin L2 to directly access BTC liquidity into our lending platform. Users will be able to use their BTC as collateral to take out stablecoin loans.
Privacy Lending with ZK proofs— We will explore bringing lending solutions natively to Midnight with built in privacy features. Users will be able to lend and borrow without being publicly tracked.
Regulatory Onboarding: Position Surf to be compliant with institutional DeFi participation. Institutional ready security and defi compliance to attract institutional clients like AAVE.
Real-World Asset Lending: Tokenized bonds, real estate, or commodities used as collateral.
Surf isn’t just striving to be a Cardano lending dApp. We’re striving to become an institutional-ready credit layer.
Conclusion
We’d like to thank everyone for the continued support as we push forward on this ambitious roadmap. Our goal is not only to deliver innovative lending solutions in the near term, but also to build the long-term foundation that will allow Surf to scale across ecosystems, integrate with emerging technologies and attract the next wave of users and liquidity to Cardano.
We are confident that Surf can evolve into one of the ecosystem’s flagship protocols and establish itself as the leading decentralized application on Cardano for years to come.
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