So MIM is using Layer0 as their version of Fraxferry? Seems pretty cool.
Their "beaming" tech is pretty cool though. Imagine you can deposit sfrxeth as collateral on ETH and borrow Frax on Arb without having to bridge.
When you say "without having to bridge" I think you mean "trust the bridge protocol you're partnering with to properly bridge the message." So basically, if by "without having to bridge" you mean "by using a bridge" then yes, very accurate.
If it does what it says, you do not have to build big liquidity everywhere to create lending pairs, which allows offer bigger loans
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