1️⃣ Tutorial and participation methods
Detailed process: Enter the task official website -- link wallet -- click SEED -- click My Quest -- complete tasks.
All tasks are testnet tasks, can be done for free.
📖 Task details:
Task 1: Social task
Task 2: Cross-chain lending on Ethereum Sepolia and Fuji Avalanche.
Task 3: Cross-chain lending on Sepolia Arbitrum and Optimism.
Task 4: Cross-chain lending on Ethereum Sepolia and Avalanche Fuji.
Task 5: Cross-chain lending on Base and Arbitrum, extracting assets from Sepolia Base and Arbitrum.
🎁 Completing tasks can earn SEED.
2️⃣ Project introduction
SoulProtocol is a DeFi protocol that pioneers a full-chain liquidity layer, integrating cross-chain and cross-protocol currency markets. Users can deposit assets in one place and borrow from multiple chains (like Ethereum, Solana) and protocols (like Aave, Compound), breaking liquidity islands!
3️⃣ Team
Team information has not been made public, but it is speculated to be composed of senior developers in the DeFi and cross-chain fields, with technical ties to ecosystems like Pyth and Solana, showing a strong technical background.
4️⃣ Investors
The rapid launch of the testnet suggests possible institutional support. TGE may disclose more details, welcome the community to share clues! 🕵️
5️⃣ Technology
Full-chain liquidity layer: Smart contracts + cross-chain technology, unifying multi-chain assets and protocols.
Decentralization: Ensuring transparency and security.
AI potential: Possible reference to Soul App's AI technology (like SoulX), optimizing experience or risk control.
6️⃣ Highlights
Borderless lending: Cross-chain borrowing and lending, easy to operate.
Efficient capital: Hundred times capital efficiency.
Low threshold: Testnet is free, suitable for beginners.
7️⃣ Solving pain points
Liquidity fragmentation: Integrate multi-chain assets, breaking barriers.
Cross-chain complexity: No cumbersome bridging required, reducing costs.
Inefficient funds: Optimize asset return rates.
8️⃣ Logical analysis
Soul Protocol improves efficiency by unifying the liquidity market, attracting user and institutional funds. Attention should be paid to cross-chain security and regulatory risks, with success relying on technological stability and ecological collaboration.
9️⃣ Future development
Mainnet: Launch of $SO token, supporting governance and incentives.
Expansion: Collaborate with more chains and protocols.
AI + DeFi: Intelligent lending or risk control innovation, aiming to become a DeFi liquidity hub.
🔟 Comparative analysis
Aave: Single protocol, Soul cross-protocol is more flexible.
LayerZero: Focus on bridging, Soul focuses on lending.
Curve: Mainly stablecoins, Soul assets have a broader range.
Advantages lie in integration, need to verify stability and user stickiness.