Mirai Protocol

Screenshots

Problem Statement

In the world of DeFi and multiple L1s, liquidity gets fragmented. Fragmented liquidity poses a problem for capital efficiency and adoption.Mirai protocol allows users to interact with the lending protocol from different L1. This means that the core protocol is deployed on one L1 - efficient at processing related transactions. However, users on any other L1s can interact with the protocol.It solves the problem of DeFi composability of cross-chain applications. Mirai protocol can set the standard for how cross-chain protocols should be built and integrated to build different DeFi legos.Current POC allows users on Goerli chain to readily interact with lending protocol on Polygon-Mumbai. Goerli users can deposit, borrow assets, repay their loans and withdraw their assets using the one-click, UX-friendly cross setup Mirai has.

Solution

Finding the suitable protocol which allows us to craft generalized architecture for cross-chain communication.Accounting logic to make sure that we are able to keep track of protocol and individual balances.Cross-chain transactions take some time to propagate. We have integrated the Push protocol for notifying the users after their cross-chain transaction has been successfully processed. Integration in a short time frame was a bit of a challenge.