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Dynamo

@0xdynamo

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39 Followers
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A Practical Example of how @0xSoulProtocol works over traditional lending protocol Imagine a user with 20 ETH on Ethereum who needs USDC to participate in a yield farming opportunity on Avalanche. Without Soul Protocol, they would: 1. Bridge their ETH to Avalanche (incurring fees and waiting for confirmation). 2. Use the wrapped ETH as collateral on an Avalanche-based platform to borrow USDC. 3. Hope the bridging process remains secure and stable. With Soul Protocol, the user simply: 1. Supplies their 20 ETH as collateral on Ethereum through the Soul platform. 2. Borrows the desired USDC directly on Avalanche. 3. Starts yield farming immediately, with no bridging required. Soul Protocol handles the cross-chain communication behind the scenes, ensuring the ETH collateral secures the USDC loan seamlessly. Soul labs is the Alpha ✨
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This tweet is the answer to your questions!!✨💜 I noticed lately that @ArciumHQ is getting a lot of traction. You are super early and you won't regret joining the community ☂️💜 First and obvious step is to join the official Discord server - discord.gg/arcium and follow the official page @ArciumHQ N.B:- You can't farm Arcium but I know you are not a farmer kek so contribute to the community. Just vibes and good tech :)☂️ Some frequently asked questions:- (@serloost you can cross-check this) - Is Testnet live? Yes, The testnet is live and running. - is Testnet incentivized (Airdrops)? No, Testers won't get any Airdrop. - are there any kinds of reward? Yes, for contributors and believers. -Will Arcium launch on Kaito? No, No need for forced engagements. I will drop a guide on how to get started as a contributor and get the necessary stuff together. Check my twitter for the OG for this post https://x.com/0x_dynamo/status/1923763595793289477 <Stay encrypted Stat blessed>
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