Chainflip will launch a native Bitcoin lending system and multi-chain liquidity, addressing the current limitations of the DeFi market.
The system consists of Common Lending (CGL) and Chainflip Liquidity Lending (CLL) allowing lending of native BTC and other major assets without the need for wrapped Tokens or centralized intermediaries.
MAIN CONTENT
Launch the native Bitcoin lending and multi-chain liquidity system without using wrapped Tokens.
The total lending value is expected to range from $100 million to $5 billion with protocol fees from 20-30%.
The roadmap for launching CGL in Q3 2025 and CLL in Q4 2025.
What technologies does Chainflip introduce in the DeFi lending sector?
Chainflip will implement Common Lending (CGL) and Chainflip Liquidity Lending (CLL), supporting native Bitcoin lending along with many other major assets cross-chain without the need for wrapped Tokens or bridges.
This addresses the long-term DeFi issue of wrapped asset taxes and centralized custody constraints, creating a more decentralized, transparent, and efficient solution in the DeFi lending sector.
The system will enhance security and liquidity by allowing direct transactions across chains, improving user experience, and minimizing risks related to centralized intermediaries or wrapped Tokens.
What is the potential of the cross-chain lending market and what are Chainflip's expectations?
Chainflip anticipates demand from $100 million to $5 billion in the cross-chain lending market, with protocol fees ranging from 20-30%.
With this fee level, annual revenue is expected to reach from $1 million to $100 million, indicating strong growth potential and generating significant income for the cross-chain DeFi ecosystem.
By combining the deployment of the CGL and CLL systems, Chainflip will help create a diverse DeFi ecosystem, promoting liquidity and the usability of native Bitcoin across multiple blockchain platforms.
What is Chainflip's plan for launching the native Bitcoin lending and cross-chain liquidity system?
Chainflip plans to launch Common Lending (CGL) in Q3 2025 and continue with the launch of Chainflip Liquidity Lending (CLL) in Q4 of the same year.
This roadmap is considered a major step in developing cross-chain DeFi, helping to expand lending capabilities and increase flexibility for users in the cryptocurrency ecosystem.
The launch of CGL and CLL will mark a turning point in the approach to multi-chain cryptocurrency lending, helping to eliminate wrapped Token barriers and enhance user security.
Chainflip CTO, 2024
Frequently Asked Questions
What lending services does Chainflip provide?
Chainflip provides native Bitcoin lending and multi-chain liquidity access through Common Lending (CGL) and Chainflip Liquidity Lending (CLL).
What are the estimated protocol fees for this lending service?
Protocol fees are in the range of 20-30%, generating an estimated annual revenue of $1 million to $100 million.
When will this lending system be launched?
CGL is expected to launch in Q3 2025, followed by CLL in Q4 2025.
Does the system use wrapped Tokens or bridges?
No, the system eliminates the use of wrapped Tokens and bridges, avoiding centralized intermediary risks.
Does this solution address any issues in DeFi lending?
This is a solution to overcome the limitations of wrapped asset taxes and centralized custody security, enhancing transparency and safety.
Source: https://tintucbitcoin.com/chainflip-ra-mat-vay-btc-va-thanh-khoan/
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