Why Replete?
Some Replete protocol features
Last updated
Some Replete protocol features
Last updated
The emergence of blockchain technology has culminated in the deployment of hundreds of chains. Each chain with unique characteristics and features, compete to acquire and onboard users to their chain. To do so, chain isolated applications are often deployed for users to use, these range in the type of utility, yet are generally only accessible to users that are active on the chain.
The reality is that this has hurt user experience and has fragmented availability of liquidity to be exclusive to the chain they call home. User versed in cross chain transactions know too well how difficult and time consuming it can be to operate on a different chain.
With Replete, users can earn yield, borrow, withdraw and repay to all connected chains from one interface.
Replete aims to help users by abstracting the entirety of the cross-chain process. So users can focus on what they care about. Replete is a universal liquidity protocol where users can manage positions across all connected chains as they wish, from within one interface.
Replete Finance is a non-custodial money market designed and engineered to execute smart contract logic natively cross-chain. The protocol leverages cross-chain infrastructure to be available on various networks.
For users it signifies a true chain abstracted money market experience, minimizing the need for users to care about which chain they are on but about what they can do. Users can seamlessly interact with the protocol from any connected chain without having to leave the UI.
Replete has been built to deploy to any chain without requiring supply side liquidity on destination chain. It is able to do so by leveraging LayerZero's messaging infrastructure, OFT standard, various bridging routes (such as Stargate) and concentrating liquidity and logic on a host chain.
Repletes architecture helps in essence suppliers to earn more by making their assets available on more markets. Borrowers can execute their strategy seamlessly on connected blockchains even on low liquidity chains. Suppliers and protocol earn fees on market demand. Protocol fees can be used to fund operations and community initiatives.
Replete is positioned to function as the go-to money market for assets being used on destination chain. Supporting blue-chip assets that are crucial for network growth and helping users to experience a flexible money market without vendor locking.
Delivering and empowering real borrow and liquidity volumes to staple, nascent and tail-end networks and ecosystems with assets that have utility and value on destination.
Replete has been built to cater to a chain abstracted future. Supporting at launch all OFT standards and empowering protocols adopting the token standard to open a cross-chain money market.
Opening a money market on Replete requires to meet a minimum liquidity and trading volume requirement and is not exclusively limited to OFT standard.
Cross-chain transactions require gas on the destination chain for successful delivery. Equally, users require gas on the destination chain to be able to participate in the network. When using Replete, a user receives a standard amount of native gas to the destination wallet.
Users can opt a priori to receive a larger native gas airdrop on destination chain. Helping users to receive a larger non-standard amount of gas to conduct more transactions on the network without having to swap for more native gas.
The primordial focus at launch is to expand the surface area of the protocol to more chains, becoming in the process a universal lending protocol for users by covering more chains. Next is helping partners to open a money market for supported tokens, increasing the network effect for the protocols and generating fees for suppliers and treasury.
Both important requirements and bed stone for Replete V2.
