# Introduction

Malda is a decentralized lending protocol that uses ZK technology to unify liquidity across chains. Users can deposit assets from multiple blockchains into a single global pool and borrow on any supported chain, with their full crosschain collateral backing every position - regardless of where it was deposited.

Malda’s uniquely creates Global Pools of liquidity for each asset. In contrast to traditional lending protocols where liquidity of an asset is siloed to that particular chain, the Global Pool allows an asset to exist simultaneously across multiple chains at once.

<figure><img src="/files/ZEJUrZyUtu5GbROLXS1h" alt=""><figcaption></figcaption></figure>

Users no longer have to juggle an asset like USDC on 3 different protocol deployments - instead they have 1 global USDC liquidity spanning across multiple chains which they can tap into from any chain.

Benefits include:

* Deeper Liquidity via Global Pools
* Compressed Spreads, Better Yields and Lower Rates via Global Rates
* Zero Bridge Fees
* No Crosschain Complexity
* Lot of Time & Effort Saved


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