EraLend April Recap

EraLend
2 min readMay 20, 2023

Originally published at https://eralend.substack.com.

We are thrilled to share the latest updates on EraLend’s progress for April. Despite the challenges we face amidst the rug pulls and banking crisis, we remain committed to our mission and have made significant strides in achieving our goals.

Over the past month, we have conducted several key milestones that we would like to highlight, including some important updates to our app to improve the overall user experience and our Twitter follower count that crossed 100k.

First, the month started with the UI update on gas refunds, followed by a comprehensive security audit on our smart contracts — making every effort to provide our users with the highest level of protection.

We further locked in crucial partnerships with projects like ArgentX, Mute, Syncswap, and more. The mind-blowing part is the daily numbers we see using EraLend in the zkSync era. Also, we have periodically increased the supply limit of our market from $1M to $10M, as we have now. And this gradual increase helps to lessen the liquidity risks that so many projects must battle. About halfway through the month, We also integrated with all significant bridges to simplify the navigation of cross-chain asset transfers to and from the zkSync era.

All of this is done to give our users an even better product. Recently, we hosted an in-house community AMA where everyone had an open floor to ask pressing questions to the team directly. This is just one of the many AMAs we’ve had all over the space in April. These accomplishments would not have been possible without our team’s hard work and dedication and the support of our ever-raging community. We’re incredibly proud of all we have achieved together.

Thank you for your ongoing support as we achieve our shared goals.

Originally published at https://eralend.substack.com.

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EraLend

Low Risk & Capital Efficient lending protocol on zkSync.