eOracle Now Powers Elara
Elara is now powered by the largest oracle network, powered by 140 validators & $10B staked ETH. eOracle will deliver secure, decentralized data feeds to the Elara lending platform, providing their users with seamless lending & borrowing experience.
Introducing Elara
Elara is an innovative lending protocol on Zircuit L2 that optimizes capital efficiency and security through Dynamic Liquidity Balancing, supporting LRT/LST assets as collateral for safer, more efficient crypto lending.
Elara’s Core technologies:
- Dynamic Liquidity Balancing:
ElaraLend uses an advanced vault algorithm to optimize liquidity across pools in real-time. By adjusting asset allocation based on market conditions, it maximizes returns for lenders while maintaining competitive rates for borrowers.
- Cross-Pool Borrowing:
Borrowers can easily access assets from multiple pools, offering more flexibility and a smoother experience for both borrowers and lenders.
- Two-Layer Architecture:
ElaraLend’s design features a main pool for major assets and satellite pools for LST/LRTs, isolating risks and improving system security while efficiently managing diverse assets.
How Crypto Lending Creates Value for Users?
A crypto lending protocol is a DeFi platform that allows users to lend or borrow cryptocurrency assets. It enables peer-to-peer lending without the need for traditional financial intermediaries like banks. Protocols like Elara facilitate the process of lending and borrowing by using self-executing smart contracts with the terms of the agreement written directly into code.
Benefits:
- For Lenders: Earning passive income through interest on their deposits, like LST/LRTs on Elara.
- For Borrowers: Accessing liquidity without needing to sell their crypto, often with less stringent requirements compared to traditional finance.
eOracle Powering the Elara Mission
eOracle is supporting Elara's mission to enhance the transparency, security, and reliability of their lending experience. As the largest oracle network—with 140 validators and $10B in staked ETH—eOracle will provide secure, decentralized data feeds to Elara's lending platform.
We have a packed roadmap and some exciting developments coming up, so head to the links below to stay in the loop and contribute to our community: