🚙Examples
In this section, we go over some real-time use-cases of the BalloonDogs' system.
Cross-Chain Staking Deposits
BalloonDogs' enables multi-asset deposits from any chain into protocols that only accept deposits on specific chains and in specific assets. For example, staking protocols that accept ETH and LSDs on mainnet can now enable deposits in AVAX from Avalanche, with BalloonDogs' network handling the execution.
Efficient Lending
BalloonDogs enables users to access cross-chain money market arbitrages easier. Lending markets can access greater liquidity from lenders by opening up to the widest permutation of asset deposits and chain sources. For example, a sharp increase in utilisation of a MATIC pool on a Polygon lending market can be arbitraged by traders holding DAI on Ethereum with far less complexity than sophisticated trading systems.
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