TechFlow News, November 29 — According to an official announcement, the lending protocol Echelon has launched Echelon Chain, a Move-language application chain on Initia, leveraging its Interwoven Stack technical architecture. The move aims to deliver an efficient modularized economic framework for decentralized finance (DeFi) lending markets.
Currently, Echelon has achieved a total value locked (TVL) of $106 million and a total loan volume of $132 million.
Interwoven Stack is Initia’s signature technology stack emphasizing modular design and interoperability. Through Interwoven Stack, Echelon Chain will gain cross-blockchain expansion capabilities via LayerZero and IBC, underlying protocol support from Celestia, native stablecoin integration, built-in oracle services, and comprehensive user tooling.
