Intro to Mbel Finance
What is Mbel Finance?
Mbel Finance is a permissionless cross-chain lending and borrowing protocol built on Etherlink. It is designed to provide fast, affordable, and seamless decentralized finance experiences across multiple blockchain environments.
Key components include:
Etherlink, a fast and cost-efficient Layer 2 solution.
Hyperlane, used for trustless cross-chain messaging and asset movement.
RedStone, which supplies reliable, real-time data to the protocol.
Key Features
Near-Zero Fees: Mbel Finance is built on Etherlink, a fast and affordable Layer 2 network. Transactions are confirmed quickly and cost just a fraction of typical gas fees.
Permissionless: Mbel Finance is open and accessible to anyone. Users can lend, borrow, and interact with the protocol without requiring approval, whitelisting, or intermediaries.
Fast Cross-Chain Messaging: Mbel Finance enables seamless cross-chain interactions using Hyperlane for secure, decentralized communication between blockchains, without centralized bridges.
Why Built on Etherlink?
Mbel Finance is built on Etherlink, an EVM-compatible, non-custodial Layer 2 blockchain powered by Tezos Smart Rollup technology. Etherlink was chosen for its exceptional performance, developer experience, and strong security guarantees.
What is Etherlink?
Etherlink enables seamless integration with Ethereum tools such as wallets and indexers, and allows fast asset transfers to and from other EVM-compatible chains.
Built on Tezos Layer 1, Etherlink offers a fast, fair, and (nearly) free environment for DeFi protocols and applications.
Fast Confirmation
Etherlink provides low-latency confirmations under 500 milliseconds, allowing for real-time user experiences. By leveraging Tezos's 2-block finality and the speed of Smart Rollups, Etherlink ensures both fast and secure transaction execution.
Etherlink
~ 500 ms
~ 8 seconds
Optimism
~ 2 seconds
~ 2 minutes
Arbitrum One
~ 300 ms
~ 7 minutes
For more information about confirmation times and finality, see Transaction finality.
Fair and Open Governance
Etherlink governance integrates with Tezos’s permissionless fraud-proof mechanisms. Stakeholders can propose upgrades, vote on protocol changes, and challenge state commitments. Participation is open to anyone, ensuring transparency and fairness without administrative keys or centralized controls. Users retain full control of their assets, reducing the risk of censorship or manipulation.
Low Transaction Costs
Etherlink drastically reduces transaction costs by using enshrined Smart Rollups, which run in separate execution environments. These rollups avoid standard Layer 1 gas fees and only incur minimal charges when interacting with the base layer. This architecture supports scalable application development without cost barriers.
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