Today we released a Deep Dive report on Soul.
Soul is the first unified omnichain liquidity layer designed to enhance capital efficiency and borrowing power across DeFi ecosystems.
Soul enables seamless cross-chain lending and borrowing while mitigating risks... 👇
We’re excited to introduce Soul Protocol, a new DeFi primitive, now live on Testnet!
The first unified, omnichain liquidity layer connecting cross-chain money markets.
Supply anywhere. Borrow anywhere.
Seamlessly, across any chain and protocol.
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Hello @ztownsend !
In terms of risk management, there are a couple of things to take into consideration with regard to the Soul implementation.
We are following an isolated approach to manage borrowing across the Soul Money Markets. ETH for example is used as collateral to take loans of ETH from the same base protocol, maintaining a correlated position that lets users access liquidity while avoiding any Soul position being liquidated at the base‑protocol level. This also lets us shift the entire liquidation layer to the Soul level, creating a new revenue stream for the protocol.
In addition, we will follow a conservative approach when integrating protocols on Soul: only lending protocols with a considerable market share, a clean track record, and strict security guidelines will be added at first to minimize base‑protocol risk. Soul does not perform liquidity management; users decide which protocol they want to supply to or borrow from.
Let me know if you have any specific question!
You can also take a look at our Docs section for a more in-depth overview of the implementation!
https://t.co/pd4N4U2wk6
The initial $50/hour comment was made to highlight that it’s not a fixed price and could be double that or more.
A project manager salary, for instance, could have a starter of $250/day.
I’m always available, if you are interested in prices and would like to have more insights about the industry you could have DMed me.
@veropay_ro Thank you, @veropay_ro! This launch was a collective effort, with major contributions from many ecosystem players.
Huge shoutout to the @MultiversX & @xExchangeApp teams for their swift responsiveness! ⚡️
With the launch of $USH the $EGLD DeFi ecosystem is set to get supercharged.
can it be the catalyst of 10x more volumes on biggest on-chain platforms?
curious how you see it? 🤔
Mark the date: March 03, 2025. The game is changing, and it's just the beginning.