The @0xSoulProtocol Public Round ended with a full raise of $6.19M
Why did $SO attract so much attention from CT and investors, and what will happen now?
⚫ Soul is the unified Omnichain liquidity layers
Probably one of the best uses of @LayerZero_Core tech I've seen in quite some time
DeFi liquidity fragmentation has always been a problem, and bridge are always an annoying extra risk
But Soul goes one step further
Thanks to it, you can have an omnichain money market:
Provide collateral on any chain, borrow on any chain, get the best yields without having to move funds through chains and protocols
⚫ The $SO token
Not just a governance token, $SO is also at the heart of the Soul flywheel
( ) It will be distributed as rewards to incentivize LPers to jump on board
( ) It will be bought back from the market with a % of the fees and revenues generated by the protocol
We have a true first-mover here, which you might want to keep an eye on