https://everlend.finance/ https://twitter.com/EverlendFinance

Everlend is a low-fee cross-chain lending protocol from the Attic Lab team, Solana Foundations’ contractor.

Everlend will initially launch on Solana, with the prospect of working with other networks by adding a handy Wormhole cross-chain bridge API to the Everlend app.

Now Wormhole connects Solana with Ethereum and Terra, in the future they will connect BSC, Cosmos and Polkadot.

The product will be built on its own landing contract, that will differ from the base SLP-contract.

One of the features will be the integration of Lido to allow derivatives to be used as collateral to provide liquidity and reduce fees.

A new Oracle of the Solana ecosystem, Pyth, will be used as one of the actual price tracking oracles.

Also, one of the features will be a position liquidation system that should provide a fair liquidation algorithm, regardless of the interest of the liquidator in the "hunt" for large positions of borrowers.

Demo version of the application: https://everlend-2347f.firebaseapp.com/liquidity-provider

Team:

The Ukrainian development team has been working together at AtticLab since 2014 and have gained solid technical experience during this time.

The company has worked with many Solana Foundation projects, participated in the development of Wormhole (bridge between Solana and Ethereum), HARP BRIDGE (bridge between Harmony and Polkadot (Edgeware)), Terra-Solana-Ethereum Wormhole, and many other technical solutions for various blockchain ecosystems.

Full list of AtticLab works: https://atticlab.net/our-work

Roadmap:

A serious technical MVP, a closed code audit and the opening of liquidity pools are expected at the end of October. The launch of the $ ELD token is scheduled for February this year, as is the insurance pool.

Delphi Labs incubates Everlend:

A strategic collaboration with Delphi Labs who will incubate Everlend and help with the long term growth and success of the project was announced in the beginning of September. Delphi Labs will add a lot of value to Everlend. They have helped major players such as Aave, Compound, Synthetix and Axie Infinity with a variety of different services. Delphi Labs will support Everlend with their expertise in Token Design, Risk Management and Documentation. Delphi Labs has the great knowledge and expertise, that’s why the incubation seemed like an obvious move.

Token:

Ticker: $ ELD. The token will be used as rewards for borrowers and provided liquidity, pharming, as well as for DAO voting in decision-making regarding the operation of the protocol.