How does our Lending Landscape looks?
The article from @0xSoulProtocol has an own chapter written about only the lending landscape.
It is not that long, but we can see that we have already over 140B$ deposited on different chains.
Depending on the deposited amount and lending rate, the yield for each chain and protocol can vary a lot. But to get better rates, you will have to calculate quite a lot of different things.
- Withdrawal of you assets.
- Find the right bridge to bridge your assets. (Can be a pain)
- Bridging your assets to another chain (bridging fee)
- Depositing your assets again into the lending protocol
- Lending your required assets.
- Bridging your assets out of the chain to the chain you actually want to use it.
Various DeFi AI protocols, such as Infinit and Almanak, aim to automate these actions. However, a robust infrastructure is essential to support your DeFi AI protocol seamlessly. And that is the moment where Soul Protocol could interact as a middleware for these kind of DeFAI protocols. The main protocol you need to consider if your DeFi strategy includes cross chain lending.

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