Cross-chain Lending
Last updated
Last updated
When it comes to cross-chain lending, Wormhole is essential for enabling communication between different blockchains. Its main role includes verifying user assets on various chains to ensure they can be used as collateral for borrowing across chains. Additionally, it supports cross-chain liquidations, enhancing the security and efficiency of EnsoFi's operations.
Please note that assets would be kept on native chains, without any wrapping, and Wormhole messages would be used to facilitate only accounting between chains