Problem and Solution
Problem 1: High Gas Fees and Network Congestion
Many DeFi users face expensive gas fees and delayed transaction confirmations on congested Layer 1 networks like Ethereum, making lending and borrowing inefficient and costly.
Solution
Mbel Finance is built on Etherlink, an EVM-compatible Layer 2 that offers ultra-fast confirmations and nearly zero gas costs. This provides users with a smooth and affordable DeFi experience.
Problem 2: Slow and Complex Cross-Chain Communication
Cross-chain DeFi protocols often suffer from slow message delivery, unreliable relayers, or centralized bridging systems. Leading to poor user experience and potential security risks.
Solution
Mbel Finance integrates Hyperlane, a permissionless interoperability protocol that enables fast and secure cross-chain messaging without relying on centralized infrastructure.
Problem 3: Inaccurate or Delayed On-Chain Price Feeds
Access to real-time, reliable price data is critical in lending protocols. Many oracle solutions are either delayed, centralized, or expensive to maintain.
Solution
Mbel Finance uses Redstone, which offer fast, efficient, and decentralized data feeds tailored for DeFi applications, ensuring accurate pricing and protocol stability.
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