SOUL PROTOCOL - Everything you need to know

There's a new protocol everyone seems to be fading right now... Ever had issues with lending or borrowing across multi chains, Soul Protocol is here to solve that problem.

Keep reading as we dive into what Soul Protocol is building and how to participate in their current testnet 👇

What is Soul Protocol:

Soul Protocol is the first unified, omnichain liquidity layer connecting cross-chain money markets.

You're able to supply anywhere and borrow anywhere seamlessly across all chains and protocols.

Soul is powered by Layer Zero as its primary interoperability layer, enabling real-time tracking of positions across chains and protocols.

For added resilience, it also integrates fallback systems like Wormhole, Axelar and CCIP from ChainLink to ensure uninterrupted performance.

Our vision is simple:

The isolation of today’s lending protocols is holding DeFi back. What the space needs is an orchestration layer, one that lets users leverage assets across protocols and chains.

Soul Protocol unifies all protocols in one platform, boosting capital efficiency 100x.

Problems with current DeFi Lending protocols:

• Users must constantly track the best rates across protocols.

• Bridging assets adds friction, costs, and security risks.

• Collateral is fragmented—no unified borrowing power.

• Arbitrage is limited by slow bridges and asset availability across chains.

Solutions with Soul Protocol:

With Soul being the first cross-chain & cross-protocol lending platform, users can:

• Earn the highest yields by supplying assets natively to the top protocols and chains.

• Borrow at the lowest rates using assets from any chain.

• Unify borrowing power across chains and protocols to maximize efficiency.

• Execute cross-chain arbitrage seamlessly. No bridges, no extra steps.

For example, users can deposit assets on @aave (Ethereum) and seamlessly borrow from @compoundfinance (Arbitrum) using the same collateral, with no manual bridging or fragmented liquidity.

Instead of competing for liquidity, Soul unites lending protocols and optimizes capital flow across the entire DeFi ecosystem.

Soul Protocol is currently on testnet and will support the following:

--> Chains: Ethereum, BASE, Arbitrum, Optimism, and Avax

--> Protocols: aave V2, aave V3, compound finance V3, and Venus Protocol.

As a chain-agnostic protocol, Soul can integrate with any EVM or non-EVM chain in the future.

For more info on DeFi Lending protocols, read this:

Now that we know all Soul Protocol is building and is about, Let's talk about how we can interact with their testnet and position ourselves for their confirmed airdrop.

Interacting with Soul Protocol Testnet:

To get started

The Soul Protocol testnet is quite simple and just have to do with us completing a series of quests. Currently there are about 6 Main Quests and a few special quests.

To get started with the Quests, Go to SEEDS then click on "My Quests"

Complete all 6 of the quests to earn "Seeds" and rank up the leaderboard.

These "Seeds" will then be converted to $SO tokens on TGE. Start now and stay positioned.

Recent News Updates:

Few days ago, Soul Protocol concluded their Public sale, with a total of $6M raised with all pending investment requests processed.

This strong community support validates their vision of delivering a transformative cross-chain lending product. One that unifies fragmented ecosystems and unlocks new on-chain economies.

This milestone reflects growing momentum as the Soul Protocol team work to make DeFi lending more accessible, efficient, and impactful, fueling on-chain economic growth and accelerating global adoption.

Soul mission remains clear: to democratize and facilitate access to credit through blockchain technology.