Ayni
Ayni unlocks LTC DeFi potential with a novel cross-chain stablecoin lending protocol.
Ayni is a cross-chain stablecoin lending protocol on LitVM. The official directory lists it as a protocol that provides stablecoin lending for Litecoin assets, allowing users to obtain USDC liquidity against their zkLTC collateral. According to its website, Ayni connects with Circle's Cross-Chain Transfer Protocol (CCTP) to source Bridged Standard USDC directly rather than using wrapped or synthetic tokens. The project utilizes Orbit State Proofs for oracle verification and settlement tracking. The site also states that Ayni separates its core lending logic from execution adapters to allow protocol upgrades without migrating liquidity pools, and that an initial testnet run completed a 100,000 USDC lock and mint against zkLTC.
Questions
- How does Ayni source USDC on LitVM?
- According to the project's site, Ayni integrates Circle's Cross-Chain Transfer Protocol (CCTP) to deliver Bridged Standard USDC directly against deposited zkLTC collateral.
- What mechanism does Ayni use for settlement and oracle tracking?
- The project states that it uses Orbit State Proofs to provide verifiable oracle data and settlement visibility on-chain.