X-Tra Protocol
Going the Extra Mile in DeFi ! A Cross chain lending protocol
Created on 10th December 2023
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X-Tra Protocol
Going the Extra Mile in DeFi ! A Cross chain lending protocol
The problem X-Tra Protocol solves
Diversify Assets: Easily diversify their digital assets across multiple blockchains, mitigating risk and maximizing opportunities.
Seamless Asset Movement: Xtra allows users to effortlessly transfer and lend assets across diverse blockchain networks. This streamlines the process, eliminating the complexities associated with cross-chain transactions.
Security Simplified:Trust in the simplicity of secure smart contracts and encryption, making your lending journey straightforward and protected.
Challenges we ran into
Cross-Chain Compatibility: Overcoming compatibility hurdles for seamless asset transfers across diverse blockchains involved deep research and collaboration with blockchain experts.
Smart Contract Security: Crafting secure smart contracts to ensure user fund safety required external audits and rigorous implementation of best practices.
User Interface Streamlining: Designing an intuitive interface for users with varying DeFi experience involved continuous feedback loops and iterative design improvements.
Tracks Applied (4)
1inch Track
1inch Network
Polygon Track
Polygon
Ethereum Foundation Track
Ethereum Foundation
Chainlink Track
Chainlink