Mirai is the first truly cross-chain lending protocol.
But what does that mean? What are the benefits?
Find out how Mirai is trying to improve the way people lend and borrow in #DeFi.
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But what does that mean? What are the benefits?
Find out how Mirai is trying to improve the way people lend and borrow in #DeFi.
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๐ One of the main issues for DeFi and traditional lending protocols is fragmented liquidity. ๐
As the number of blockchains keeps growing, it becomes increasingly difficult for users to find liquidity across all the different networks and manage their capital efficiently.
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As the number of blockchains keeps growing, it becomes increasingly difficult for users to find liquidity across all the different networks and manage their capital efficiently.
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Mirai solves this problem by allowing users to interact with the lending protocol from different L1s, rollups, and sidechains.
The core protocol is built on #Polygon's #zkEVM, which is highly efficient at processing related transactions.
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The core protocol is built on #Polygon's #zkEVM, which is highly efficient at processing related transactions.
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However, users on any other chain can still interact with Mirai, manage their assets, lend and borrow.
Mirai allows users to add collateral from different chains and borrow on other networks using a unified account, thus increasing capital efficiency.
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Mirai allows users to add collateral from different chains and borrow on other networks using a unified account, thus increasing capital efficiency.
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Mirai brings many benefits to users and #DeFi in general.
๐ฃ By enabling the transfer of assets between different #blockchains, Mirai helps increase liquidity in the DeFi space and provides users with access to a broader range of assets and investment opportunities. ๐ฃ
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๐ฃ By enabling the transfer of assets between different #blockchains, Mirai helps increase liquidity in the DeFi space and provides users with access to a broader range of assets and investment opportunities. ๐ฃ
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๐ฃ With its #crosschain functionality, Mirai reduces fragmentation in the DeFi space, as users are no longer limited to a single blockchain network for their activities. ๐ฃ
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๐ฃ By enabling seamless transfers between different blockchains, Mirai offers a better user experience compared to traditional lending protocols making it easier for users to lend and borrow assets across the space. ๐ฃ
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๐ฃ Additionally, Mirai Protocol provides a solution to the composability problem of cross-chain applications, which could lead to a cross-chain platform built using #DeFi legos. ๐ฃ
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Mirai is the standard of how cross-chain protocols should be built and integrated to develop different DeFi apps.
The launch will happen soon, follow us if you want to witness the DeFi lending revolution.
The launch will happen soon, follow us if you want to witness the DeFi lending revolution.
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