What happens when the popular lending protocol Aave is deployed on XLayer?
A brand new proposal is currently being discussed! What happens when the popular lending protocol Aave is deployed on XLayer? -Building a secure and efficient on chain credit foundation based on $7 billion in TVL and 12+public chain practical experience -Seamless integration with the OKX ecosystem, providing institutional level lending services to millions of users -Supporting multi asset native lending markets (USDT0/ETH/xBTC, etc.), ushering in a new era of capital efficiency The Development of X Layer X Layer is expected to become a payment centric network and DeFi hub, creating new avenues for user guidance, practical applications, and capital efficiency. This integration is expected to significantly expand Aave's coverage, enhance user acquisition capabilities, and obtain new liquidity. The vision of X Layer is to become a universal payment and DeFi platform, connecting users and businesses with on chain opportunities. The core focus will be on building infrastructure that enhances financial accessibility and scalability of DeFi applications. Positioning of X Layer 1. With payment as the core: aimed at supporting payment use cases as the main function of the network 2. DeFi Extension: Strong emphasis on lending and liquidity markets as the foundation of the ecosystem. 3. Seamless onboarding: This infrastructure allows users to easily transition from traditional finance to DeFi with minimal friction. 4. Expanding Ethereum: X Layer will provide Ethereum compatibility and a high-performance execution environment, offering developers and users the flexibility to deploy existing Solidity based applications. By deploying Aave v3 on X Layer, the protocol will position itself as the core liquidity layer of this new ecosystem, benefiting from its first mover advantage and integration with payment centric blockchain Low cost gameplay of OKX Dex: https://web3.okx.com/ul/joindex?ref=AICOIN88 Explore more profitable activities at OKX.
