8h ago
How LayerZero enables @0xSoulProtocol
LayerZero provides the underlying technology that connects different blockchains, allowing for the seamless transfer of data and assets.
For Soul Protocol, this enables several critical functions, as follows:
- manage lending from one app, even if collateral and borrowing span different blockchains like Ethereum and Avalanche
- cross-chain lending and borrowing: layerzero technology removes manual asset bridging, enabling collateral posting on one chain and borrowing on another for better capital efficiency
- access to fragmented liquidity: layerzero lets soul protocol connect with multiple lending markets like aave and compound on different chains, solving liquidity silos.
- Simplified Experience: LayerZero manages cross-chain communication, eliminating the need for complex bridges and app-switching for DeFi interactions.
LayerZero's messaging is key to Soul Protocol, creating a unified "liquidity layer" for DeFi.
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