What is zkLend? Why StarkNet?
zkLend is an L2 money-market protocol built on StarkNet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security. The protocol offers a dual solution: a permissioned and compliance-focused solution for institutional clients, and a permissionless service for DeFi users — all without sacrificing decentralisation.
zkLend is building on StarkWare because:
- They believe in Ethereum
- StarkWare offers a unrivalled and battle tested zk-Rollup general purpose solution and
- The grit and innovation from the StarkWare dev community
StarkNet is a general purpose network built for anyone wishing to develop. The network will also be focused on interoperability where users will be able to stay on the L2 network and explore different protocols seamlessly. Transactions from different applications will be bundled into a single proof in one go, which means protocols experience scalability from Day 1.
zk-Rollups are going to be the future roadmap of Ethereum. Ethereum is the only truly decentralised blockchain, and with that comes the sort of open source innovation and soul that is so unique to the Ethereum community. We bet on decentralisation, innovation, and general purpose logic and composability.
zkLend is thrilled to be building on StarkNet — the first general purpose L2 zkRollup solution developed by our friends over at StarkWare. zkLend’s objective has always been to advance DeFi adoption and recompose financial primitives on the blockchain making it accessible to all, and we are now one step closer to reality with StarkNet’s composable and permissionless solution. Here we cover the following points: