Echo is a protocol specializing in bridging, liquid staking & and yield solutions, seamlessly interoperating within Move ecosystem. Their mission is to introduce BTC liquidity and restaking solutions for BTC assets within Move.
During this quest, we will be depositing USDC on Echo protocol. Depositing in lending protocols involves providing your crypto assets to a decentralized lending pool in exchange for interest, paid in crypto. Your assets are used by borrowers, while you earn a yield without needing active management.