The current DeFi Lending model is flawed due to fragmentation Despite billions in TVL poor user UX and capital efficiency plague the potential of the DeFi space https://x.com/0xSoulProtocol/status/1914712203371872607 Why and how @0xSoulProtocol is changing the game + how to farm the incentivized testnet that just launched 1/ What is Soul Protocol? Decentralized lending is leveling the playing field, putting powerful financial tools once hoarded by institutions into everyone's hands. Yet the current user experience remains choppy across chains and protocols, leading to idle capital, tedious manual work, and inefficient capital use. Soul Protocol offers a new approach to DeFi lending infrastructure. It’s a compatibility layer that connects protocols like Aave and Compound into a unified experience. It’s not just another lending app isolated within its native ecosystem/chain This would allow you to do things such as: • Deposit on one chain, borrow from another • Optimize rates without closing positions • Borrow against assets held across multiple platforms • Manage risk holistically in one interface 2/ How does it work? This is accomplished by real-time orchestration across chains utilizing: Messaging solutions such as LayerZero, Axelar, or CCIP, which enable lending to be genuinely composable. Stripe = cohesion to payment processing Soul = unity to DeFi lending No one wants or needs more chains with the same forked protocols anymore I like the idea of Web3 becoming more of a place of "Borrow Anywhere, Lend Anywhere." 3/ How to farm Incentivized testnet just launched Only around ~4.9k users currently - Go to seeds/quest page (see link in the comments) - Complete quick and short social tasks (finishing final tasks grant you "Explorer" Discord role - Head over to the "Protocol" tab and borrow and lend certain assets on specific testnet chains defined on the quests page Will have a full guide coming out soon