ZeroLend (ZERO): A Multichain Lending Platform on Layer 2 Networks

With a total value locked (TVL) of $42 billion (as of May 12, 2024), crypto lending and borrowing is the second-largest category in the decentralized finance (DeFi) industry, behind only liquid staking. This gigantic niche has been among the driving forces of the DeFi revolution that began around 2017–2018. While there’s been no shortage of lending and borrowing protocols specializing in regular crypto tokens and stablecoins, it is challenging to find DeFi lending platforms that focus on specific assets.

ZeroLend (ZERO) is a new multi-chain lending protocol that aims to do just that; the project focuses on two specialized crypto assets — Real World Assets (RWAs) and Liquid Restaking Tokens (LRTs) — in its lending and borrowing operations. It also offers other innovative solutions, such as account abstraction, which dramatically simplifies the access to and management of DeFi assets and activities.

Key Takeaways:

• ZeroLend is a multichain protocol that provides lending and borrowing opportunities in high-cap cryptocurrencies, stablecoins, LRTs and RWAs, as well as lower-cap high-risk assets.

• The protocol's services are available on Ethereum (ETH) and at least five Ethereum-connected Layer 2 networks.

• Its governance token, ZERO, can be bought on Bybit as a Spot pair.