Welcome to XIONIS
XIONIS is an innovative cross-chain lending platform that bridges the gap between the Cosmos and EVM ecosystems, providing seamless and efficient access to decentralized finance.
VIDEO link
We are applying for the Zk privacy track ,Social payments track and the communion:abstracted track
you can also read about our Project in detail in our wonderful docs
The Problems We Solve
Complexity of Access:
Accessing the Cosmos and CosmWasm ecosystems can be intimidating for crypto beginners accustomed to EVM chains like Arbitrum and Avalanche. XIONIS simplifies this process, allowing users to leverage their existing stablecoins to secure loans on our platform without the steep learning curve.Inefficiencies in Collateralization:
Borrowers often face high collateralization requirements. With XIONIS, we solve this by using the Reclaim Protocol to calculate credit scores. For users with favorable scores—e.g., those not found involved in malicious activities like rug pulls—collateral requirements are reduced, making borrowing more accessible and equitable.Limited Ecosystem Support in Cross-Chain Lending:
By 2023, the total value locked (TVL) in cross-chain bridges surpassed $10 billion, but the majority was concentrated in EVM ecosystems. As more users join the blockchain ecosystem, it’s crucial to create a user-friendly platform that extends the benefits of cross-chain DeFi to non-EVM chains like XION and beyond.
Key Features
1. Dynamic Collateralization
XIONIS integrates Pyth's price feed to dynamically assess and update collateral values in real-time. This ensures borrowers always get fair terms based on current market conditions.
2. Credit Scoring with Reclaim Protocol
We leverage the Reclaim Protocol to analyze user histories and calculate credit scores. Borrowers with positive credit records benefit from reduced collateral requirements, making the platform more inclusive and rewarding for responsible users.
3. Governance-Driven Ecosystem
Borrowers earn governance tokens for participating on the platform. These tokens enable them to vote on key proposals, ensuring the community has a say in shaping the future of XIONIS.
4. Cross-Chain Compatibility
XIONIS provides seamless access for users from EVM ecosystems, allowing them to bring their stablecoins and interact effortlessly with the Cosmos and XION ecosystems.
Why XIONIS?
- Ease of Use: Bridging the gap between EVM and Cosmos ecosystems, we make cross-chain DeFi accessible to everyone.
- Fair and Transparent Lending: With reduced collateral requirements for users with strong credit histories, we create a more inclusive lending environment.
- Community-Centric Approach: Governance tokens ensure the platform evolves based on the needs of its community.
- Future-Ready Platform: As the blockchain space grows, XIONIS positions itself as a friendly, forward-thinking solution for users entering cross-chain DeFi.
Architecture
Join us as we transform the way people interact with cross-chain lending and borrowing, providing a fair, efficient, and user-centric financial system that works for everyone.