LENDBIT Finance
Cross-Chain Lending For The Next Billion Users
Created on 15th May 2025
โข
LENDBIT Finance
Cross-Chain Lending For The Next Billion Users
The problem LENDBIT Finance solves
๐๐ฒ๐๐ถ ๐น๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ถ๐ ๐ฒ๐ถ๐๐ต๐ฒ๐ฟ ๐๐ผ๐ผ ๐ฟ๐ถ๐ด๐ถ๐ฑ ๐ผ๐ฟ ๐๐ผ๐ผ ๐ณ๐ฟ๐ฎ๐ด๐บ๐ฒ๐ป๐๐ฒ๐ฑ.
Most protocols only offer liquidity pool-based lending, which is great for automation but lacks flexibility. On the other hand, peer-to-peer lending platforms are scarce, and when they do exist, they often suffer from poor UX, lack of transparency, or limited market participation.
Borrowers are forced to accept fixed terms, and lenders have little control over risk, duration, or return profiles.
Additionally, most lending platforms are siloed on a single chain, which limits user access, mobility of capital, and the ability to scale across ecosystems like the OP Superchain.
๐๐ผ๐ ๐๐๐ก๐๐๐๐ง.๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐บ๐ฝ๐ฟ๐ผ๐๐ฒ๐ ๐ผ๐ป ๐ง๐ต๐ถ๐
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๐๐๐ฎ๐น ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ ๐ผ๐ฑ๐ฒ๐น๐
Users can choose between P2P lending for custom, direct deals or Liquidity Pool lending for passive yield and instant access โ all in one platform. -
๐๐ป๐ต๐ฎ๐ป๐ฐ๐ฒ๐ฑ ๐จ๐ซ ๐ฎ๐ป๐ฑ ๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐
With a clean UI and real-time marketplace, borrowers and lenders can easily browse offers, create orders, or explore pool rates. -
๐๐๐ถ๐น๐ ๐ผ๐ป ๐๐ฎ๐๐ฒ, ๐๐ฒ๐๐ถ๐ด๐ป๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐ฆ๐๐ฝ๐ฒ๐ฟ๐ฐ๐ต๐ฎ๐ถ๐ป
Our roadmap includes cross-chain lending and repayment across the OP Superchain, starting with Base. This improves capital efficiency and brings lending to where users already are. -
๐๐ฒ๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฒ๐ฑ ๐ฏ๐๐ ๐๐ฐ๐ฐ๐ฒ๐๐๐ถ๐ฏ๐น๐ฒ
No wallet gating, no complex onboarding โ users can plug in and interact instantly.
Challenges we ran into
๐ญ. ๐๐ฒ๐๐ถ๐ด๐ป๐ถ๐ป๐ด ๐ฎ ๐จ๐ป๐ถ๐ณ๐ถ๐ฒ๐ฑ ๐จ๐ซ ๐ณ๐ผ๐ฟ ๐ง๐๐ผ ๐๐ถ๐๐๐ถ๐ป๐ฐ๐ ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ ๐ผ๐ฑ๐ฒ๐น๐
Combining P2P and Liquidity Pool lending in one protocol required careful UX planning.
We had to ensure that both modes felt intuitive yet powerful โ without overwhelming users.
โ Solution: We created a clear mode toggle and component isolation to separate interactions cleanly, while sharing underlying wallet and portfolio layers.
๐ฎ. ๐ฆ๐บ๐ฎ๐ฟ๐ ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐ ๐๐ฟ๐ฐ๐ต๐ถ๐๐ฒ๐ฐ๐๐๐ฟ๐ฒ ๐๐ผ๐ป๐ณ๐น๐ถ๐ฐ๐๐
Supporting both P2P and Liquidity Pool lending introduced complexity in managing separate logic flows โ such as custom order matching versus pooled liquidity accounting โ while maintaining shared components like collateral management and liquidation.
โ Solution: We adopted the EIP-2535 Diamond Standard, which allowed us to modularize the protocol into distinct facets. This made it easier to isolate and upgrade core functions like collateral, lending logic, interest calculation, and liquidation across both models โ without compromising composability or gas efficiency. It also gave us the flexibility to scale and adapt new features without needing a full contract redeployment.
๐ฏ. ๐๐ฎ๐ป๐ฑ๐น๐ถ๐ป๐ด ๐๐ฟ๐ผ๐๐-๐๐ต๐ฎ๐ถ๐ป ๐๐ฒ๐๐ถ๐ด๐ป ๐ณ๐ผ๐ฟ ๐ฆ๐๐ฝ๐ฒ๐ฟ๐ฐ๐ต๐ฎ๐ถ๐ป ๐๐ป๐๐ฒ๐ฟ๐ผ๐ฝ
Expanding beyond Base to support the broader OP Superchain introduces design challenges around cross-chain messaging, unified account states, and liquidity fragmentation.
โ Current Status: Weโre actively implementing our cross-chain architecture. Our goal is to allow users to lend or borrow on Base and settle positions across other OP chains seamlessly.
โ Approach: We're evaluating solutions like LayerZero, CCIP, and OP-native messaging frameworks to handle secure message passing and state sync. Meanwhile, weโre designing our contracts and collateral vaults to be Superchain-aware, with modular support for multi-chain asset strategies.
๐ฐ. ๐๐ป๐๐๐ฟ๐ถ๐ป๐ด ๐ฆ๐ฎ๐ณ๐ฒ ๐๐ถ๐พ๐๐ถ๐ฑ๐ฎ๐๐ถ๐ผ๐ป ๐๐ผ๐ด๐ถ๐ฐ ๐๐ฐ๐ฟ๐ผ๐๐ ๐ ๐ผ๐ฑ๐ฒ๐
Pool lending relies on pool-wide health, P2P requires individual order enforcement.
โ Solution: We built separate liquidation triggers for each model, backed by real-time collateral valuation and health scoring components.
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