Lagrange mainnet officially opens cross-chain DeFi lending functions, with the first batch of Aave v3 cross-chain pools locking assets exceeding $120 million within 24 hours. Users can cross-chain assets such as ETH and USDC from Ethereum, Polygon, and Arbitrum to Layer 2 networks via LA's BitVM Bridge, enjoying an ultra-low fee of 0.01% and instant settlement.
Technical Breakthroughs:
• Minimized Trust Bridging: Utilizes ZK-SNARKs to prove the authenticity of assets without relying on centralized custody, avoiding security risks similar to Multichain.
• Dynamic Risk Assessment: By aggregating on-chain data from multiple chains in real-time, smart contracts can automatically adjust lending rates. For example, when a borrower's collateral rate on Optimism drops below 150%, the system will trigger cross-chain liquidation.
• Cross-Chain Governance Voting: Protocols like Compound can leverage LA's ZK proofs to enable verifiable voting on cross-chain governance proposals, reducing the risk of witch attacks.
Developer Ecosystem:
Over 20 projects have submitted proposals for cross-chain DApp development, including cross-chain NFT fragmentation platforms and multi-chain insurance protocols. The Lagrange Foundation has announced the establishment of a $5 million ecosystem fund to support innovative projects based on the LA network.
