Use GMP to build a cross-chain lending protocol, enabling your users to securely deposit collateral (e.g., ETH) on one chain and borrow another token (e.g., USDC) on another blockchain.
About
Unlock the Possibilities
When users provide collateral in a lending protocol on a specific chain, they can only borrow assets on that same blockchain. If they need to borrow assets from a different blockchain, the user must manually withdraw their liquidity, move it to the target chain, and then provide liquidity in the new chain’s collateralized pool.
Analog Network enables a new kind of lending where a borrower can seamlessly move their collateralized assets from a liquidity pool on one chain to a pool on a different network, all in a one-click transaction. With this functionality, you can now build a simple and easy-to-use cross-chain lending application that allows users to accomplish their borrowing needs without having to leave the DApp!
USE CASES
Our Use Cases
Peruse a broad spectrum of problems that Analog solves.
DEFI
Cross-chain DEX
Use GMP to build an out-of-the-box cross-chain DEX capable of facilitating quick token swaps across various chains, providing users with seamless access to a diverse range of tokens.
Use GMP to build a cross-chain lending protocol, enabling your users to securely deposit collateral (e.g., ETH) on one chain and borrow another token on another blockchain.
Use GMP to build cross-chain yield aggregation protocols that enable investors to optimize returns on their assets while eliminating the costs and hassles of daily trading.
NFTs are increasingly demonstrating their applicability in representing IP rights, such as patents, copyrights, and trademarks. With cross-domain NFTs, NFT holders can efficiently and transparently transfer IP rights and licenses across various blockchains without being restricted to a single blockchain.
NFTs
Art and collectibles
Cross-chain NFTs can allow artists and collectors to tap into distant user bases by transcending the restrictions of their specific blockchain networks. For example, you could create an NFT that is transferrable between different marketplaces, allowing them access to a broader user base and increased liquidity.