- After reaching this crucial milestone, Sumer is now making preparations for its deployment on Berachain.
- One of the most important aspects of this endeavor is the Max Boop campaign, which is a Berachain-specific campaign.
The total value locked (TVL) of Sumer Money, a DeFi liquidity infrastructure protocol, has surpassed $100 million milestone. In addition to demonstrating Sumer’s growth as a capital-efficient lending and synthetic asset protocol, this milestone also serves to reinforce its objective to increase the usefulness of Bitcoin within the context of decentralized finance (DeFi).
After reaching this crucial milestone, Sumer is now making preparations for its deployment on Berachain, an ecosystem that is expanding at a quick pace and has over $3 billion in TVL deposits. In order to support deeper liquidity and leveraged strategies, Sumer’s growth will concentrate on assets that are Berachain-native. These assets include HONEY, NECT, BERA, and BERA LSTs.
One of the most important aspects of this endeavor is the Max Boop campaign, which is a Berachain-specific campaign with the goal of maximizing capital efficiency and creating prospects for sustainable revenue inside the network.
Xiaohan Zhu, Co-Founder of Sumer Money stated:
The Sumer Money Multiplier, which improves liquidity and capital efficiency across a multichain ecosystem, is a significant driver of Sumer’s development and is one of the most important features. Sumer improves the deployment of capital for assets like as Bitcoin, Ethereum, and stablecoins by integrating essential protocols. These protocols include BTCFi restaking with Pell and deep stable liquidity pools on Bitflux. Through the use of its correlation-aware risk engine, which dynamically changes borrowing limits depending on asset relationships, it is possible to achieve improved capital efficiency while still maintaining risk controls.
Additionally, Sumer is an essential component in the process of bolstering Bitcoin’s growing presence in the DeFi domain. With Sumer, Bitcoin holders are able to participate in yield-generating opportunities across multiple blockchain networks in a seamless manner, all while maintaining the native security and yield potential of their assets.
The primary objective of Sumer’s unified liquidity pool is to consolidate correlated and uncorrelated assets, over-collateralized synthetic Bitcoin and stablecoins, and bridge assets into a single system. This is accomplished by building upon the company’s lending solutions. This approach is a significant improvement over the existing liquidity pools, as it reduces the fragmentation of liquidity and ensures a more efficient deployment of capital across various blockchain networks. Sumer gives its users the ability to maximize yield opportunities and maintain access to liquidity whenever it is required by integrating multiple asset types into a shared pool. Through the implementation of this all-encompassing liquidity model, the foundation for capital-efficient DeFi participation is strengthened.
A unified liquidity pool is what Sumer is all about. It is a capital-efficient blockchain liquidity infrastructure that combines correlated and non-correlated asset lending, Sumer Money Multipliers (collateral backed synthetics), and bridge liquidity. Users would be able to take part in multi-chain decentralized finance with the assistance of Sumer Money Multipliers, all the while maintaining yields and security on the native chain.
