KEY TAKEAWAYS
- Omni SolverNet integrates with Gearbox Protocol, allowing direct access to lending pools from Arbitrum and Optimism.
- The integration eliminates the need for cross-chain asset bridging, enhancing user experience.
- Users can earn Omni points through deposits, which are redeemable for rewards, encouraging early adoption.
- This development simplifies the process by removing gas calculations and bridging, improving user satisfaction.
Omni SolverNet has announced its integration with Gearbox Protocol, enabling users to access Gearbox lending pools directly from Arbitrum and Optimism without leaving the app. This development aims to streamline the user experience by eliminating the need for cross-chain asset bridging.
The integration allows users to deposit into Gearbox’s ETH and USDC pools via SolverNet, making them eligible for Omni’s $10 million SolverNet rewards program. For every $1 USDC deposited, users will receive 1 Omni point, while each 1 ETH deposit will earn 1,000 Omni points. These points can be redeemed later for a share of the rewards pool, which is designed to encourage early adoption of SolverNet.
Gearbox lending pools offer users the opportunity to earn passive yields without incurring impermanent loss, fees, or lock-ups. Previously, depositing ETH and USDC into these pools required users to bridge their assets externally. With SolverNet’s integration, this process is simplified, allowing users to deposit directly within the app, thereby enhancing the overall user experience.
The integration not only simplifies the process but also removes the need for gas calculations and bridging, providing a more efficient way for users to start earning yields. This advancement is expected to contribute significantly to user satisfaction by reducing the steps required to participate in Gearbox’s lending pools.
Further details about the integration and the rewards program can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Omni SolverNet’s integration with Gearbox Protocol represents a significant advancement in crypto lending, allowing users to access lending pools without cross-chain bridging. This streamlines the process and enhances user experience.
The crypto lending platform market is experiencing robust growth, with a projected increase from $9.03 billion in 2024 to $10.74 billion in 2025. This growth is driven by the expansion of DeFi protocols and increased retail adoption of cryptocurrencies. This aligns with Omni SolverNet’s integration, which aims to simplify and enhance the user experience in accessing lending pools. Einpresswire
Omni Network, led by Austin King, emphasizes modular infrastructure to streamline cross-chain transactions and improve user experience. This supports the impact of Omni SolverNet’s integration with Gearbox, facilitating seamless access to liquidity and enhancing user operations. CB Insights
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