@0xSoulProtocol has been dethroned from first place! Haha!
Looks like yesterday's tweet brought a bunch of people with Soul (the blockchain's name) to try and take the lead!!
Many lending or liquidity protocols in the past were siloed: funds were locked in a single chain or protocol, resulting in low efficiency and low capital utilization.
Soul, however, is doing something really cool: allowing liquidity to flow freely like the ocean. Users supply funds on ETH but can lend and borrow on ARB or Base, with a unified account handling all operations—no bridging, no token wrapping, and no worries about cross-chain complexities.
Its technical design is robust: PiSquared FastSet supports over 100,000 TPS, confirmation time is less than 100 milliseconds, and liquidation is almost real-time; sToken maps cross-chain ownership, so even if a chain fails, you can still operate. This way, smaller chains can also receive global liquidity support, with risk managed at the portfolio level, rather than each silo bearing its own risks.
Soul not only improves capital efficiency but also makes cross-chain DeFi truly feasible. I'm particularly looking forward to the seed → $SO conversion mechanism, metering design, and unified account issuance method for the mainnet launch.
This "liquidity liberalization" approach may become the standard operating model for future DeFi. Soul (@0xSoulProtocol) is paving the way for the next generation of DeFi, allowing capital to flow freely without constraints.
#soul