Welcome Intersect: The First Lending Protocol on Neo X
From the very beginning, Neo X has been aimed at providing a secure, efficient, and fair DeFi space, designed with our anti-MEV feature right at its core. As projects increasingly recognize the value these innovations bring, we are excited to welcome the first lending protocol on Neo X: Intersect.
Intersect will allow users to lend and borrow their crypto assets, including Neo-native ones and others, while earning points and rewards. With its high APY lending protocol, it will empower assets in the Neo ecosystem with greater utility while enhancing the liquidity of the entire network.
Since Neo X is connected to Neo N3 through a native bridge, native assets on Neo N3 will also benefit from the launch of Intersect. Intersect is working on listing all native Neo assets in the future. Additionally, Neo will support Intersect in competing with other EVM-based DeFi protocols in terms of product and service, attracting users and capital to the Neo ecosystem. Intersect is also supported by the Elevate program, initiated by Neo to foster the growth of projects in the Neo X ecosystem.
Intersect’s TestNet has been launched and is currently undergoing a testing phase with up to 1 million intersect points to be given out to testnet users during this phase. More updates will be found in Intersect’s X page.
“We warmly welcome Intersect to the Neo X ecosystem, which further completes our DeFi landscape. Together, we hope to provide users with asset liquidity, efficiency, and minimized risk of MEV attacks and friction,” said John Wang, Head of Neo Eco-Growth.
“We are thrilled to launch Intersect on Neo X, marking a significant milestone for both platforms. Neo X’s innovative MEV-resistant infrastructure provides the ideal foundation for Intersect to introduce the first lending market to this ecosystem. Our collaboration will bring much-needed DeFi primitives to Neo X, enabling users to lend, borrow, and earn rewards with major crypto assets and native Neo tokens. We’re excited to work alongside Neo in expanding the capabilities of their EVM chain and contributing to the growth of a robust, user-focused DeFi landscape on Neo X,” said Ho Chang Jun, Chief Strategy Officer at Intersect.
About Neo
Founded in 2014, Neo is an open-source, community-driven blockchain platform designed to welcome developers into the Smart Economy. By enabling developers to digitize and automate the management of assets through smart contracts, Neo is built to realize the optimized digital world of the future. As the most developer-friendly blockchain, Neo meets developers where they are by integrating seamlessly with the world’s most widely used languages and tools and providing the most feature-complete blockchain platform for building full-stack decentralized applications. With native support for powerful infrastructure including decentralized storage, oracles, and domain name service, Neo is the ideal foundation for developers to build the next generation Internet.
Neo X is Neo’s sidechain. With its MEV resistance and full compatibility with Ethereum tooling, Neo X excels in cross-chain scalability and DeFi applications through its use of the dBFT consensus mechanism and enveloped transactions.
Official Website | X | Discord | Telegram | Facebook | Reddit | YouTube
About Intersect
Intersect: The first lending protocol on Neo X, revolutionizing DeFi with flash loans, high-efficiency borrowing, and rewarding user engagement.
Website | Documentation | X | Telegram
