Borrow-Lending
Cross-chain application, users can borrow and lend tokens. First users need to stake their assets and then they will receive tokens in exchange which they can use in the cross-chain ecosystem
Project Description
This project shows how users can interact with the cross-chain ecosystem all while utilizing the power of liquidity. Users can vest their assets and in exchange get tokens. These tokens can be traded across the ecosystem. Nodes can also earn interest in the vested amount. This allows nodes to utilize the power of liquidity and use the tokens according to their wish freely across the entire cross-chain ecosystem. They can use it to trade NFTs, purchase more assets, borrow loans etc.
How it's Made
Made using Wormhole. Wormhole is a cross-chain interoperability protocol. Users can send tokens cross-chain, send messages as well. Transact securely. Nodes can also earn interest in the vested amount. This allows nodes to utilize the power of liquidity and use the tokens according to their wish freely across the entire cross-chain ecosystem. They can use it to trade NFTs, purchase more assets, borrow loans etc.
