Here are a few examples of what can be built using Storage Proofs:
Use CaseOpportunity
Cross-chain lendingLending platforms can offer cross-chain lending by enabling users to secure loans on one chain, supported by a Storage Proof of collateral from another. For instance, securing a loan on a Layer 2 platform using collateral on Ethereum.
DEXImplement Storage Proofs for margin accounts and withdrawals, ensuring sufficient margin and debt obligations are met across chains.
Account recoveryTrigger a withdrawal to a predefined address if specific criteria are fulfilled. For example, use a Storage Proof showing that the wallet nonce has not changed in over a year.
InsuranceInsurance protocols can leverage Storage Proofs to automate claims based on predefined conditions. Upon risk events, Storage Proofs can be generated and submitted for near-instant on-chain verification, enabling fast, efficient, and transparent claim processing.
GovernanceEnable users to vote on Layer 2 using their Ethereum-held assets, verifying voting power without transferring assets.
BridgingVerify locked assets on an origin chain using Storage Proofs and initiate the minting of equivalent tokens on the target chain, enhancing security of cross-chain transfers.
GamingEnable users to verify ownership of in-game NFTs across different Layer 2s. Utilize Storage Proofs as an app-chain operator to confirm user asset ownership on your app chain.
Access to RANDAOProvide access to RANDAO randomness generated by the Ethereum Consensus Layer on other chains.
Circuit BreakersImplement protocol safeguards by halting operations if a Storage Proof demonstrates unexpected behaviour on another chain.

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