Liquidity silos in DeFi lending are a big problem, but most people don't think about it too much
We have to move funds from one chain to another if we want to borrow, lend, and interact with new dApps on different networks
And the worst part is that we've accepted as hard reality
@0xSoulProtocol's Cross-chain lending turns the concept upside down 👇
( ) Users can supply collateral on $ETH and borrow on @0xPolygon with $SO
Using @LayerZero_Core’s bridgeless design for seamless transfers, Soul creates a DeFi paradise
If you're a DeFi farmer, you'll know how useful this is:
Set a base on a chain (say, Arbitrum) and lend your collateral to have it active
Then borrow stables against it, on the chain you need to farm the next airdrop (say $S)
Once you're done, you can simply repay the loan and take a new one onto the next chain you're going to farm (say, HyperEVM)
No need for bridges, ever
Of course, it'll take some time for $SO to integrate with all the new shiny things, and we're just at the start
But it already integrates with @Aave and some other blue-chips
( ) True optimization for yields across chains
The possibilities are endless