Templar Protocol's Royal Fool discusses a technical departure from Stellar's Blend: chain-abstracted lending without bridges or wrapped assets. By leveraging Near's MPC network for cross-chain asset custody, Templar lets users borrow USDC, Paxos USD, and other stablecoins against Bitcoin, Ripple, Cardano, Stellar RWAs, and XLM. The protocol's isolated market design separates risk by asset class, allowing cleaner risk management and better loan-to-value ratios. Fool explains why this model appeals to institutional allocators.
Templar Protocol represents a different approach to cross-chain lending than what's available on Stellar. Rather than bridges or wrapped assets, it leverages Near's MPC network to enable users to custody native assets—Bitcoin, Ripple, Cardano, Stellar RWAs, and XLM—and borrow stablecoins without intermediaries. The protocol uses isolated markets rather than pooled liquidity, separating Bitcoin-USDC, XLM-USDC, and RWA pools. This prevents risk contagion if one asset deppegs or is exploited. Templar's passkey wallet interface lowers friction for multi-chain users unfamiliar with self-custody. The protocol positions itself as both a Near project (backend smart contracts) and multi-chain application, with curated vaults coming to Soroban.
