2026-01-16 19:26:03

Most lending protocols are still using the old methods, but a new lending model is quietly rewriting the rules.

Compared to the traditional approach of mixing all assets together and using fixed formulas to determine interest rates, peer-to-peer lending takes a different path—it lets the market speak for itself. The amount people want to borrow sets the price. Simple and straightforward.

This is not a small move. Since launching, deposits have exceeded $189 million, and loans have reached $120 million. Why has it attracted so much capital so quickly? Frankly, because it has genuinely improved several pain points.

**What does the dual-layer architecture do**

The bottom layer is the vault layer, which specifically aggregates liquidity for certain asset classes (like BNB or USD1). The top layer is the market layer—that’s the clever part. Anyone can create independent lending pairs, such as borrowing BNB with BTCB. Each market has its own risk parameters, independent of others.

Imagine the traditional model as a large pool where everything is mixed together. This new model is like many small markets, each operating independently.

**What are the actual effects**

Capital utilization can reach 90%, meaning savers earn more, and borrowers pay less. The intermediate losses are significantly reduced.

Interest rates are no longer fixed by a single curve but are determined by real-time supply and demand. When demand exceeds supply, interest rates rise naturally; when supply exceeds demand, rates are adjusted accordingly. This approach is actually more fair.

Most importantly, risk isolation. If a niche coin or new project market encounters problems, it won’t spread to the mainstream BNB or USD1 markets. The system’s resilience is greatly enhanced.

For users, the most direct benefit is—savings earn more, and borrowing costs less. This is the true face of efficiency optimization.

BNB0,12%

USD10,02%

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SolidityNewbie

· 13h ago

The double-layer architecture sounds good in theory, but how many can actually last until next year?

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LightningPacketLoss

· 13h ago

90% utilization rate? That number sounds a bit suspicious. Can it really run so smoothly? --- The dual-layer architecture sounds good, but what if a small market crashes? Can it really be isolated? --- Relying on supply and demand to automatically adjust interest rates—this trick has been played by traditional finance long ago. How long Web3 can sustain it remains to be seen. --- Breaking the 189 million mark so quickly feels like the prelude to a new narrative harvest... --- Not mixing assets pools is indeed refreshing. I respect the risk diversification; it's much better than going all-in on a single curve. --- Attracting funds quickly ≠ really making money fast. Let's wait and see after a few bear markets. --- Deciding interest rates based on supply and demand sounds fair, but it's actually just another way of saying that the market makers set the prices. --- If capital efficiency can truly reach 90%, I need to look into it—I feel like the data might be inflated. --- Point-to-point means you need to have sharp judgment; beginners should avoid this kind of market. --- I only half believe in isolating risks. In the face of systemic black swan events, no one can run.

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0xDreamChaser

· 13h ago

Wow, this is what lending and borrowing should look like. Finally, someone has broken the traditional deceptive methods. --- 90% utilization rate? Sounds good, but it all depends on whether you can actually withdraw at the end. --- The dual-layer architecture is basically about risk isolation. This way, if a new token crashes, it won't affect the main pools. Clever planning. --- Deciding interest rates based on supply and demand should have been done this way long ago. It's much more reliable than fixed curves. --- What truly attracts me is risk isolation. It's more important than anything else. If one project fails, the whole system doesn't collapse. --- Wait, a 90% capital utilization rate sounds great, but while the books look good, whether you can actually withdraw is the real key. --- Peer-to-peer lending should have been popular long ago. Market-based pricing is always more honest than algorithmic pricing. --- The $189 million in deposits is quite impressive, but the real test is still to come. --- I really respect the risk isolation approach. I no longer have to worry about an aircoin dragging down my main position. --- It feels like splitting one big pool into N small pools, each playing separately without interfering with each other. This approach is indeed very clear.

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Anon4461

· 13h ago

90% capital utilization? Sounds good, but is risk isolation really reliable, or just another overhyped concept?

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LucidSleepwalker

· 13h ago

90% utilization rate? That number sounds pretty suspicious. Can it really be realized? --- P2P mode is indeed attractive, but is risk isolation really that perfect? Or is it just another illusion that looks good? --- Wow, 189 million broke through so quickly. Is this a real necessity or just another round of capital pump-and-dump? --- The logic of supply and demand pricing is fine, but I'm worried it will be messed up again by some whales dumping the market later. --- Peer-to-peer lending has been around for a long time. What's truly innovative about this new model? Don't just rely on marketing. --- The dual-layer architecture sounds good, but what if the underlying layer crashes? The upper layer would be finished too. What's the point of isolation? --- Finally, someone dares to challenge traditional models. Although I still worry about how long this thing can last. --- The more you save, the more you earn; the less you borrow, the less you spend... Fine, I’ll just watch and not participate. --- Are risk parameters independent? Then markets for small-cap coins with low liquidity are basically dead ends. --- This is what DeFi should look like. Decentralized pricing without pretension is effective and efficient. Top.

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