SODAX Brings Peridot's Stellar Lending Markets Cross-Network
Peridot's Stellar lending markets now take deposits straight from Ethereum, Base, Arbitrum and more. Here's how cross-network deposits, powered by SODAX, replace the bridge-then-deposit routine.
SODAX Team
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Peridot's lending markets are built on Stellar, Powered by SODAX, users can now deposit into a Peridot Stellar market from across blockchain networks.
Withdrawals work the same way in reverse: users can pull funds back out to whatever network they came from, without ever leaving Peridot's interface.
Peridot integrates through the SODAX Swaps API, which builds the transaction for whichever network is the source, EVM calldata or a Soroban transaction for Stellar, so signing stays with the wallets Peridot's users already carry.
Peridot's lending markets run on Stellar. Its users don't. Most of the capital they want to put to work sits on Ethereum, Base, Arbitrum, BSC, Polygon, and Avalanche, networks that never had a direct route into a Stellar market. Getting it there used to mean leaving Peridot's app, finding a bridge, waiting for it to confirm, then coming back to actually deposit.
That workflow is gone. Peridot now lets users deposit straight from the assets they already hold, on the network they already hold them on, into a Peridot Stellar market, executing across blockchain networks (cross-network, for short) in a single flow. Powered by SODAX underneath.
Who are Peridot?
Peridot position themselves as the first DeFi broker: a non-custodial lending and borrowing protocol where users earn interest on the crypto they supply and borrow against it as collateral. Its markets run on Stellar, secured by audited, open-source contracts.
The broker framing is deliberate. Peridot's position is that a lending platform shouldn't care where a user's liquidity happens to live, it should just get the user to it. That's a harder problem on Stellar than it sounds. Stellar is fast and cheap to build on, but most DeFi liquidity still sits on EVM networks. A protocol that wants its Stellar markets to compete for that liquidity needs a way to bring it over that doesn't ask the user to do the work themselves.
The isolated-liquidity problem
Three things stood between Peridot and that goal:
Stellar liquidity was isolated. Peridot's markets are there, but most of the capital its users wanted to deploy sits on other networks entirely.
Manual bridging killed the experience. Depositing meant bridging first in a separate app, then coming back to deposit: an extra app, an extra wait, an extra place to make a mistake.
Most cross-network infrastructure treats Stellar as an afterthought. It's a non-EVM network with its own transaction format, and most routing infrastructure isn't built to treat it as a real destination in both directions.
Peridot is integrating SODAX to allow a user to picks what to deposit and where it should end up, and SODAX handles the move into the Stellar market underneath without a separate bridge screen or app.
For USDC moving in from CCTP-supported networks, Peridot routes through Circle's CCTP. Everything else, including USDT, BSC, and Stellar as the source network for withdrawals, runs through SODAX. Two systems, one deposit screen.
"Our lending markets live on Stellar, but our users' money lives everywhere. We looked for a cross-network system that treats Stellar as a real first-class network, in both directions, and SODAX was the one that did. Its intent-based API let us turn 'bridge, swap, then deposit' into a single step. It fit into the wallets our users already have without us rebuilding our stack. That's what lets us offer Stellar yields to anyone, whatever network they're on today." — René M., Peridot Finance
What this opens up
Underneath the single deposit screen, SODAX is coordinating an intent: a user states what they want (deposit this asset, into this market, from this network), and SODAX handles all routing and settlement in the background. None of that shows up in Peridot's UI. It doesn't need to.
That's also what a cross-network money market is built to do: let builders and users lend, borrow, and reuse capital across all integrated networks, instead of leaving capital to sit idle. For Peridot, it means Stellar's lending markets can compete for liquidity on the same terms as any EVM market, without asking users to handle the cross-network part themselves.
Peridot's markets are live at peridot.finance, and teams building lending or borrowing markets on any network SODAX connects to can start at sodax.com.