Soul

Type

Cross-Chain Lending Protocol

Launched

Ecosystem

Soul

Initial Investment

Soul is a cross-chain lending protocol built on LayerZero. It enables users to lend and borrow assets across multiple blockchain networks, enhancing liquidity and accessibility in decentralized finance. By leveraging LayerZero’s technology, Soul facilitates seamless asset transfers between chains, aiming to create a more interconnected DeFi ecosystem.

Key Metrics

Total Value Locked (TVL):
Supported Chains: Multiple blockchains via LayerZero integration.

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Soul addresses the fragmentation in decentralized finance by providing a platform where users can:

Lend assets on one blockchain and allow borrowers to access them on another.
Utilize cross-chain collateral to maximize capital efficiency.
Benefit from LayerZero’s security and interoperability features.

This approach aims to reduce barriers between different blockchain networks, offering users a more flexible and efficient DeFi experience.

Soul is part of the LayerZero ecosystem, benefiting from its cross-chain capabilities and security measures. This integration allows Soul to tap into a broad network of blockchain platforms, enhancing its reach and functionality.

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