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Devs Partner to Build Arweave’s First Lending Protocol Built with AO

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Lorimer Jenkins and Marton Lederer, two well known developers in the Arweave ecosystem said that they were partnering to build a decentralised lending and borrowing protocol built on Arweave and AO.

Author : ArweaveB

Reviewer : Kyle

Source : Content Guild News

The Arweave ecosystem will be getting a decentralised finance new use case in the area of lending and borrowing with the announcement of Operation Liquidity.

Lorimer Jenkins and Marton Lederer, two well known developers in the Arweave ecosystem said that they were partnering to build a decentralised lending and borrowing protocol built on Arweave and AO. The foundation of the project was developed in three weeks, they said.

The duo said the project would be unlocking and bridging liquidity to new AO ecosystem users and protocol as well as empower current Arweave ecosystem with new defi use cases. They also want to enable Arweave AO-based token staking as well as create Arweave and AO loans.

“Our vision is for users in arweave to earn interest on their assets and use that liquidity to supercharge ao’s new DeFi ecosystem,” the duo stated calling for interested persons to join the waitlist.

Lederer, who has worked on several projects in the Arweave ecosystem said that the new project provides the opportunity to learn more. He further said that he started the project with Jenkins to invent new solutions and new services for the DEFI world.

“Operation Liquidity is going to bring much needed liquidity, as well as an opportunity to earn passive income by holding Arweave native, ao tokens. I think this is a big milestone for the whole ecosystem, as we see advanced DeFi unfold here,” Lederer said.

This project comes at a time Arweave is looking to explore the DEFI use case. Autonomous Finance is building AgentFi which leverages AO, Arweave and AI to execute transactions based on set parameters.

Meanwhile, the idea of a lending and borrowing protocol seem to be welcomed by the ecosystem as waitlist signups grew to 415 in two days with user-controlled asset amounting to $7.5 million. To many, this stat suggests that the Operation Liquidity could be successful when it fully launches.

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Disclaimer: The content of this article would not be an investment advice but for reference only.

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