An old player told me that he never wants to touch the bridge again. Last week, I stuck an ETH on the bridge and left it for three hours. As a result, the market plummeted and the contract position exploded, leaving no time to add margin. Cross chain, whoever uses it knows, "he sighed. I told him that there is now a new protocol called @ 0xSoulProtocol that does not require a bridge and allows cross chain lending. He half believed and half doubted, 'Without bridge assets, how can we cross?' I said, "Use message synchronization instead of asset relocation After a few seconds of silence, he said, 'If this can really run steadily, then the entire DeFi map will have to be redrawn.'. ” Recently, Soul Labs released Protocol Update 1, which clearly states that it will synchronize work progress on a quarterly basis to allow the community to see its actual progress in the multi chain lending layer in a timely manner. I think this signal is very crucial - because 'speaking too much' is not as good as' giving true feedback ', and the update mechanism reflects the team's attitude of wanting to be' seen '. 2/In this update, there is a detail that is easily overlooked: the team mentioned that "the code for the cross chain message layer and clearing module has entered a freeze period and is undergoing final audit&backtesting" - this means that the time to go live is not simply about "deploying contracts", but also putting "operational reliability" on the agenda. The siege lion believes that such details often determine whether a project can survive. At the user level, I have observed that some early adopters have shared screenshots of the "Ethereum Asset Mortgage+Arbitrarum Loan Combination" online (although the quantity is still small, it indicates that the process has taken shape). This makes me more inclined to believe that Soul is not "still planning", but actually doing product testing. 4/But the attack surface has also increased: If the cross chain message confirmation delay is too large, the clearing trigger may be delayed → user positions may be under pressure. If the logic of the clearing module fails in the asynchronous state of multiple chains, the risk becomes a string. Siege Lion reminds everyone that this is not about "who is cleared" in traditional lending protocols, but "who fails to synchronize multiple chains". There are more risk factors. Regarding token SO, I have noticed two things: ① The community is discussing whether the final conversion ratio from Seeds to SO will be reduced, as there are more early rewards and fewer online lock ups. ② Is the token economy truly linked to module operation? Simply put, if there is insufficient usage of the lending/clearing module after it goes online, the value chain of SO will be weak. Siege Lion Judgment: If key data such as loan portfolio size, position size, and yield cannot be quickly generated in the first month of the main network, SO is likely to be seen as a "narrative token" rather than an "economic token". From a macro perspective, Soul is following the path of "multi chain lending unified layer" rather than single chain lending. This path looks more promising, but it also means higher thresholds: protocols need to operate more chains, integrate with more underlying protocols, and handle more state synchronization and clearing logic. The viewpoint of the siege lion is that only projects that move slowly but steadily can survive in such complexity for a long time. Rapid deployment and aggressive expansion may actually ambush risks. 7/Therefore, as a KOL or community content creator, I would like to suggest to everyone: Before going live: code freeze, audit progress, test data feedback. Check 'when going live': the number of loan portfolios in the first week of the main network, cross chain success rate, and clearing speed. Check 'after going live': whether there is a secondary growth (new chain access, new protocol access, new business model online). The siege lion emphasizes that the first three weeks are a barometer. If the performance is average, market sentiment is likely to cool down. 8/In summary: @0xSoulProtocol is not about "how much money I borrowed again", but about "whether my cross chain lending experience feels like operating on one chain". If the experience is poor and asset operations are fragmented, it will be difficult for any number of users to stay. Siege Lion believes that this experience unification is the next turning point for DeFi. If Soul grasps it, it may not only be a protocol, but also become the infrastructure for multi chain lending. But if the chain falls off, it will be a narrative failure.