.webp)
June 4, 2025 – Soul Protocol (operating under Soul Labs), a pioneering decentralized platform integrating cross-chain lending with AI-powered identity and reputation systems, today announced the successful conclusion of its Public Sale, raising approximately $6 million (specifically $5,956,978). This significant community-backed funding validates Soul Protocol’s transformative vision to democratize and facilitate access to credit through blockchain technology, unifying fragmented DeFi ecosystems and unlocking new on-chain economies.
Soul Protocol operates as a unified omnichain liquidity layer, enabling seamless lending and borrowing across multiple leading blockchains, including Ethereum, Avalanche, Arbitrum, Optimism, and Base. A core innovation of the protocol is its use of Soulbound Tokens (SBTs), which allow users to mint verifiable on-chain identities. This enhances trust, reduces sybil resistance, and lays the groundwork for a more robust and accessible decentralized finance landscape.
The overwhelming support from individual investors during the Public Sale underscores the growing demand for more accessible, efficient, and impactful DeFi lending solutions. This milestone reflects significant momentum as Soul Protocol prepares for its Mainnet launch.
"We’re proud to share that we’ve raised ≈6M$ through our Public Sale, which has now successfully concluded, with all pending investment requests processed," stated a representative from Soul Protocol. "This strong community support validates our vision of delivering a transformative cross-chain lending product. One that unifies fragmented ecosystems and unlocks new on-chain economies. This milestone reflects growing momentum as we work to make DeFi lending more accessible, efficient, and impactful, fueling on-chain economic growth and accelerating global adoption. Soul mission remains clear: to democratize and facilitate access to credit through blockchain technology."
The newly secured capital will be instrumental in accelerating Soul Protocol’s development roadmap. The immediate focus shifts to execution and preparing for the Mainnet, which includes crucial audits, integrating multiple protocols, and further technical development. The team is committed to sharing regular updates across its social channels as it progresses towards a full launch.
By leveraging AI for identity and reputation, and providing a truly omnichain lending solution, Soul Protocol is poised to address key challenges in the current DeFi landscape, fostering greater financial inclusion and driving the next wave of on-chain economic growth.
About Soul Protocol (Soul Labs):
Soul Protocol is a decentralized platform that integrates cross-chain lending with AI-powered identity and reputation systems. It functions as a unified omnichain liquidity layer, facilitating seamless lending and borrowing across multiple blockchains such as Ethereum, Avalanche, Arbitrum, Optimism, and Base. Through the minting of Soulbound Tokens (SBTs), Soul Protocol enables users to build verifiable on-chain identities, enhancing trust and sybil resistance in DeFi applications and democratizing access to credit through blockchain technology.
Compiled by CMO Intern team
