List of Decentralised Borrowing & Lending companies in Web3 (2026)

Aave Protocol is a decentralised borrowing and lending system that lets users supply digital assets to shared liquidity pools and borrow against posted collateral. Interest rates adjust algorithmically based on pool utilization, and isolated markets grouped under liquidity hubs let suppliers and borrowers choose risk profiles suited to different collateral types. The protocol also supports flash loans, credit delegation, and onchain governance-controlled risk parameters across multiple blockchain networks.

Aave Pro is the interface for Aave's modular V4 lending markets, letting users supply collateral, borrow, and manage positions across separate risk-adjusted markets grouped under shared liquidity hubs. Borrow rates adjust automatically to collateral quality, and liquidations restore only the amount needed to reach a target health factor rather than closing entire positions. The interface also includes a token swap feature that lets users rebalance collateral or debt directly within the protocol without an external exchange.

Sky Money is a self-custodial yield app that lets users earn on stablecoins through the Sky Savings Rate and curated lending vaults. Depositing into the savings module mints a savings token that grows in value as yield accrues, while vaults allocate stablecoin deposits across lending markets. Users can also stake the governance token to earn rewards, borrow stablecoins against the staked position, and delegate voting power. Built-in conversion moves between the protocol's stablecoins and legacy tokens at fixed rates, alongside trading between ecosystem tokens. The app runs across multiple blockchains, and users keep full control of deposited funds throughout.

Fraxlend is a decentralized lending protocol that allows permissionless creation of isolated lending pairs for Frax stablecoins against a range of collateral assets. Borrowers deposit collateral to draw loans while lenders supply liquidity and earn algorithmically determined interest. The protocol enables custom risk parameters per pair, letting new collateral assets onboard to the Frax ecosystem without pooled contagion risk.

BAMM, or Borrow-AMM, is a decentralized lending module that lets borrowers rent liquidity for automated leverage management without relying on external price oracles. It combines lending and automated market-making mechanics into a single contract system to manage collateral pricing internally. The product supports frxUSD-denominated borrowing against ecosystem collateral assets such as liquid staking tokens.

FXB, or Frax Bonds, is a zero-coupon bond product that lets users buy discounted bond tokens at auction and redeem them at face value upon maturity. Participants buy bonds below par with frxUSD during scheduled auctions, and each maturity is issued as its own token that converts one to one into the Legacy Frax Dollar stablecoin at maturity. The product provides a fixed-income instrument within the Frax ecosystem, accessed through its own auction interface.

Jupiter Lend provides overcollateralized borrowing and lending across multiple vaults on Solana. Users deposit assets as collateral to borrow stablecoins and tokens using dynamic interest rate models, including Smart Vaults that let deposits also serve as DEX liquidity to earn trading fees. The platform offers loan-to-value ratios up to 95%, with liquidations executed through native redemption rather than forced market selling.

Jupiter Offerbook is a permissionless peer-to-peer money market enabling users to borrow against any onchain asset, including real-world assets, using any Solana token as collateral. The platform uses time-based peer-to-peer loans with no price-based liquidations, allowing borrowers and lenders to set custom terms. This design removes oracle dependency for loan health and enables lending against long-tail and illiquid assets that traditional lending protocols cannot support.

Kava Mint is a collateralized-debt-position protocol on the Kava Network that lets users deposit supported crypto assets and borrow the USDX stablecoin against their collateral.

Kava Lend is a decentralized money market on Kava that supports supplying, borrowing, and earning interest on cross-chain assets deposited into pooled liquidity markets.

Curve Lend is a permissionless lending market that lets users create isolated collateral-debt pairs backed by Curve’s LLAMMA design.

ERC4626-compliant lending protocol enabling users to deposit assets into the Liquidity Layer via fTokens to earn sustainable yields with gas-optimized operations.

Collateralized borrowing protocol implementing single-asset vaults with liquidation thresholds up to 95% LTV and penalties as low as 0.1%, utilizing tick-based position management and range-based liquidation mechanisms.

Specialized protocol enabling direct deleveraging of leveraged stETH/ETH positions at a 1:1 rate with Lido through short-term loan strategies, reducing costs compared to market deleveraging.

ChangeNOW Exchange is a decentralised exchange that lets users swap cryptocurrencies without creating an account. It matches trades using liquidity sourced from multiple venues and offers both fixed and floating rate options for each swap. The service also includes a fiat-to-crypto on-ramp so users can acquire assets using traditional payment methods, trading directly from their own wallets across multiple supported blockchains.

Compound v2 provides pooled liquidity markets enabling users to supply assets as collateral and borrow multiple asset types. The system uses cTokens as receipt tokens representing supplied assets, with interest rates determined algorithmically based on utilization. Users can borrow any supported asset against their collateral while earning interest on supplied funds.

Compound III provides single-asset borrowing markets with isolated collateral pools for enhanced security and capital efficiency. Each deployment supports borrowing one base asset using approved collateral types that remain user property unless liquidated. The protocol features reduced gas costs, lower liquidation penalties, and algorithmic interest rates while eliminating pooled-risk across multiple borrowable assets.

Morpho Blue Protocol is a decentralized lending protocol providing permissionless, overcollateralized lending markets. Each market pairs one collateral asset with one loan asset and fixes its oracle, interest rate model, and liquidation threshold at creation, held in immutable smart contracts checked by formal verification. Isolating risk to individual markets lets anyone open a market and allocate capital under known parameters.

Morpho Vaults is a yield aggregator that allocates deposits across Morpho lending markets. Curators define each vault's strategy, setting market allocations, deposit caps, permissions, and risk parameters on behalf of depositors. Vaults follow a tokenized vault standard, so a depositor holds a transferable share that accrues interest from the underlying markets.

Morpho App is a web interface for lending and borrowing on the Morpho protocol. It lets users deposit into curated vaults, borrow against collateral in isolated markets, and manage open positions from a self-custody wallet. The interface shows current rates, collateral ratios, and available liquidity, and bundles multi-step actions into a single transaction.

Morpho Midnight is a noncustodial fixed-rate lending protocol. Lenders and borrowers trade market units that mature on a fixed date, and the price of a unit sets the implied fixed rate for the remaining term. Markets are isolated, immutable, and permissionlessly created, each naming a loan asset, a maturity date, and one or more collateral assets with their own oracles and risk parameters.

SODAX is a cross-network execution and liquidity protocol that coordinates financial actions across multiple blockchain networks through a solver-based intent model. A proprietary solver evaluates execution paths and routes user intents through a multi-bridge architecture combining proprietary relays with third-party bridging protocols. An integrated money market provides lending and borrowing infrastructure that also serves as execution liquidity for cross-network settlement.

MovePosition is a decentralized lending and borrowing protocol built natively on Movement Network. Users supply assets to earn yield or borrow against deposited collateral, with dynamic collateral ratios and leverage optimization intended to improve capital efficiency. The protocol publishes its code openly and has undergone external audits.

Nostra is a decentralized finance application on Starknet that combines lending and borrowing, liquidity pools, token swaps, and cross-chain bridging in one connected-wallet experience. Users supply and borrow assets against tokenized collateral positions using risk tiers, efficiency modes, and dynamic interest rates, with flash loans and automated liquidation protection built in. The platform also runs automated market maker pools with verified, experimental, volatile, stable, and degen risk designs that feed liquidity into the swap function for token exchanges. A bridging module, powered by a cross-chain interoperability partner, moves assets between Starknet and other blockchain networks.

Kamino Finance app is a decentralized lending and liquidity platform on Solana that combines lending markets, curated vaults and automated liquidity strategies. Its lending program supports permissionless market creation with isolated markets, so each collateral configuration carries its own risk parameters, and liquidations run through dynamic auctions. Depositors earn yield through curated vaults that allocate across lending markets, while borrowers take over-collateralized loans or open one-click leveraged positions. The app also automates concentrated liquidity positions with fee compounding and offers aggregated token swaps. Institutional features include fixed-rate borrowing, custom loan requests posted onchain and borrowing against assets held with qualified custodians.

Velocity Protocol is a decentralized perpetual futures exchange on Solana with an integrated money market. Each subaccount holds one pool of collateral that backs open perpetual positions while the same deposits are lent to borrowers, with fills priced through short market-maker auctions and an automated market maker. Depositors can lend idle collateral for yield or stake into insurance funds that cover liquidation shortfalls and earn a share of exchange fees. The exchange is in open beta following a rebuild after a security incident.

Bit2Me Loan implements over-collateralized lending through digital asset deposits, enabling instant credit access up to €1 million without traditional credit verification. The system requires collateral exceeding loan value by 200%, facilitating non-bank financing with immediate approval and real-time collateral monitoring.

Liquidity is a decentralised lending product in which users deposit stablecoins into pools that fund pay-in and pay-out settlement before traditional payment rails complete. Deposits are matched against confirmed receivables from acquirers, banks, and pay-in providers through audited, non-custodial vault contracts, with capital recycling roughly every 72 hours as underlying transactions settle. Depositors receive chain-native receipt tokens representing their pool position and earn yield sourced from real payment volume rather than fixed rates.

Perena Smart Borrow is a decentralized borrowing product on Solana that lets users deposit SOL or wrapped BTC as collateral and borrow USDC against it up to a set loan-to-value threshold. The system routes borrowed liquidity through third-party lending markets and applies automated risk controls to manage collateral health. Yield generated on the deposited collateral is used to offset borrowing costs, reducing the effective interest rate paid by users.

Metal X is a decentralized exchange that lets users trade digital assets directly from self-custodied wallets using an on-chain order book with market, limit, stop, and take-profit order types. It also offers lending and borrowing markets and staking services, allowing users to earn yield on deposited assets or delegate stake, all accessible from the same account and interface. The platform emphasizes on-chain settlement and transparent pricing without requiring users to give up custody of their assets.

Folks Finance's Algorand application provides decentralized lending, borrowing, liquid staking, and trading services on the Algorand blockchain. Users can deposit assets to earn yield, borrow against collateral, stake ALGO through xALGO, and access DEX aggregation through Folks Router.

Folks Finance's cross-chain lending platform enables users to deposit and borrow assets across multiple blockchain networks. The platform maintains native assets on their respective chains while providing unified liquidity management.

Echo Lending implements decentralized borrowing and lending markets for Bitcoin-backed assets and stablecoins on Aptos. Users supply aBTC, APT, eAPT, zUSDT, or zUSDC as collateral to borrow supported assets, with interest rates determined algorithmically based on utilization. The protocol enables Bitcoin holders to access leverage or liquidity without selling their BTC holdings while maintaining exposure through liquid staking tokens.

Balanced is a cross-chain DeFi platform providing a money market and exchange across multiple blockchains. The money market enables users to supply crypto assets to earn variable-rate interest and borrow against cross-chain collateral. The exchange aggregates prices from multiple decentralized exchanges via SODAX Intents, settling cross-chain swaps within seconds. The bnUSD stablecoin is accessible as a fixed-rate borrowable asset, backed by over-collateralized crypto collateral.

Nexo Platform is a licensed crypto neobank that combines interest-bearing savings accounts, crypto-backed credit lines, a multi-asset exchange, and a dual-mode payment card in a single application. Users earn daily compound interest through flexible or fixed-term deposits, borrow cash or stablecoins without liquidating holdings, and manage portfolios across multiple digital asset classes. The platform also offers zero-interest credit lines and dual-currency investment products for eligible users.

Venus Protocol operates algorithmic money markets enabling over-collateralized lending and borrowing through core and isolated pool architectures. The system calculates interest rates based on supply and demand dynamics while maintaining collateral ratios through automated liquidation mechanisms. Risk management separates assets into distinct pools with independent parameters including collateral factors and rate models. Protocol revenue distributes to XVS stakers through Venus Prime using non-transferable soulbound tokens that boost yields based on staking duration and market participation. Users mint VAI stablecoin against supplied collateral with peg stability maintained through direct swaps between VAI and other stablecoins at fixed ratios.

Bitfinex Borrow is a peer-to-peer lending platform enabling users to borrow digital assets against collateral with customizable terms. Users can set preferred interest rates and loan durations, or utilize automated tools to secure funding at current market rates for leveraged trading positions.

PWN Protocol is a permissionless peer-to-peer lending protocol that lets users borrow and lend using virtually any digital asset as collateral. Loans are set up with fixed terms negotiated between counterparties, and because pricing is oracle-less, collateral cannot be seized through price-based liquidation, only through missed repayment. The protocol supports several access modes, from simplified fixed-term note strategies to curated markets and a fully customizable peer-to-peer marketplace, and integrates with a range of external DeFi lending and yield venues to source liquidity and collateral options.

Moonwell Protocol is a decentralized lending and borrowing platform that lets users supply digital assets to earn yield or borrow against posted collateral. It operates through isolated markets with dynamic, algorithmic interest rates and includes tokenized vaults that route deposits across lending markets for aggregated yield. The protocol is governed by its community and runs across multiple blockchains, giving users a consistent interface for money-market activity regardless of network.

Flux Finance is a lending protocol built on Compound v2 architecture that supports both permissionless stablecoins and permissioned assets like tokenized US Treasuries. Users can lend stablecoins to earn yield while borrowers use OUSG tokens as collateral, connecting traditional finance yields with decentralized lending.

Loopscale Protocol is a decentralized lending protocol that matches lenders and borrowers directly through an on-chain order book on Solana. It supports fixed-rate, overcollateralized loans with customizable rate, collateral type, loan-to-value ratio, and duration across isolated markets. The system settles loans atomically and prices risk per market, avoiding the rate spreads of pooled liquidity models.

Loopscale Yield Loops is a leveraged yield product that lets users open looped collateral positions in a single atomic transaction. Users deposit a yield-bearing asset as collateral and borrow additional units of the same or a correlated asset, which are redeposited to compound returns. The transaction combines flash loan borrowing, asset swapping, and loan origination at a fixed rate across multiple duration options.

USDaLend provides decentralized lending services backed by USDa credit lines, allowing users to lend and borrow Bitcoin-backed stablecoins with stable and transparent rates across multiple blockchain networks.

Avalon DeFi Lending provides decentralized liquidity protocols for Bitcoin Liquid Staking tokens and Bitcoin derivatives, creating yield opportunities for Bitcoin holders through isolation pool mechanisms.

Thala CDP deploys collateralized debt positions for MOD stablecoin minting, accepting diverse collateral including liquid staking derivatives, LP tokens, and real-world assets. The system maintains over-collateralization while optimizing capital efficiency through yield-bearing collateral.

Save Protocol is a decentralized lending and borrowing platform on Solana that lets users supply and borrow a wide range of digital assets through smart contracts. It organizes liquidity into a flagship main pool, isolated pools for higher-risk assets, and permissionless pools that anyone can create, with interest rates set dynamically by utilization. The protocol also issues a liquid staking token that lets users stake Solana's native asset while retaining a tradable, yield-bearing receipt usable elsewhere in the pools. Automated liquidation engines and real-time risk monitoring manage collateral safety across all pools.

Suilend is a decentralized lending and borrowing protocol on the Sui blockchain, developed by the Save team, offering multiple markets for supplying and borrowing digital assets with utilization-based interest rates. The same interface includes an integrated token swap function, letting users exchange assets directly within their lending account. Automated liquidation and risk management systems protect collateral across the platform's markets. Users can also access cross-chain bridging directly from the app to move assets onto Sui.

The Interlay DeFi Hub is an integrated Bitcoin DeFi app running on the Interlay parachain, combining an AMM-based DEX, a borrowing protocol, and a lending market into a single interface at app.interlay.io. Users swap iBTC for other assets, borrow against iBTC collateral, or supply iBTC to earn yield from borrowers. The hub routes cross-chain liquidity through iBTC, enabling Bitcoin holders to access DeFi across multiple supported networks.

Upshift is a vault platform that lets institutions and partner protocols offer onchain yield strategies. Deposits mint receipt tokens, curators deploy the assets under an onchain policy engine built on August, and net asset value accrues back to depositors. Its DeFi Yield vaults allocate deposits to curated strategies across multiple chains, while Vault-as-a-Service lets partner protocols run the same vaults under their own brand. RWA Clear funds instant redemptions of tokenized real-world assets from an LP pool that earns spread fees and lending yield, and developers can integrate through an SDK, REST API, CLI, and MCP server.

Euler Protocol enables users to create custom lending markets through modular vault architecture. The protocol uses the Euler Vault Kit for permissionless vault deployment and the Ethereum Vault Connector for cross-collateral functionality across multiple vault types.

Euler V2 is a modular lending platform built on the Euler Vault Kit and Ethereum Vault Connector, enabling permissionless deployment of custom lending vaults with isolated risk management and cross-vault collateralization.

BiFi Cross-chain is a decentralized lending protocol using Bifrost cross-chain infrastructure to enable native asset deposits and borrowing across blockchain networks without token wrapping. Validator-verified transactions maintain decentralized operations and real-time rate adjustments.

Legacy BiFi is the original decentralized lending platform enabling users to supply assets, earn interest, and borrow against collateral on supported chains using smart contracts.

Lulo Protected is a decentralized stablecoin yield product that allocates deposits across leading lending and yield protocols using a systematic, TVL- and rate-weighted methodology rather than discretionary management. Deposits are non-custodial and routed directly into whitelisted integrated protocols, with a built-in coverage layer that automatically compensates depositors at the smart-contract level if an integrated protocol suffers a loss, with no manual claims process. A separate first-loss tier called Boost earns higher yield with a lockup period in exchange for underwriting that coverage, and the platform charges a performance fee on generated yield.

Banker Joe is a decentralized lending protocol enabling non-custodial borrowing and lending through overcollateralized liquidity pools. The system uses algorithmic interest rates based on supply and demand dynamics, integrates Chainlink price feeds for collateralization monitoring, and distributes protocol fees to token stakers.

Arcadia Finance is a decentralized liquidity management platform that lets users set up automated positions on automated market maker exchanges. It provides curated one-click strategies, custom liquidity ranges, and automated compounding and rebalancing for concentrated and virtual liquidity positions, alongside lending pools for passive yield. The platform is non-custodial, giving users self-owned accounts that retain control of assets while automations execute within onchain boundaries.

Everst is a decentralized lending protocol for tokenized equities that lets users borrow, short, and hedge against tokenized stock collateral. It combines a dual-oracle price feed, drawing on Chainlink and Pyth, with hybrid liquidation routing that resolves undercollateralized positions through on-chain auctions or off-chain broker venues to limit slippage during volatile equity markets. The protocol operates across multiple blockchain networks and is aimed at users seeking leveraged exposure to tokenized equities.

Polytrade Finance is a receivables financing platform that funds verified trade invoices for small and mid-sized businesses. Borrowers upload trade documents, AI models check them against source records and grade each deal, and approved receivables are tokenized as ERC-6960 participations for lenders. Senior lenders invest on-chain from a connected wallet, backstopped by TRADE held in treasury, while registered junior lenders take the first-loss tranche.

Phemex Lending Protocol implements peer-to-peer lending through smart contract automation, enabling instant borrowing against cryptocurrency collateral. The system provides liquidity pools with automated interest rate mechanisms and real-time collateral monitoring.

Spark is a decentralized protocol providing stablecoin savings vaults and a non-custodial lending market, powered by automated cross-chain capital deployment infrastructure. Savings vaults accept multiple stablecoins and ETH, with yield generated by allocating capital across DeFi protocols, CeFi venues, and real-world assets via the Spark Liquidity Layer. SparkLend enables borrowing of USDS and USDC at governance-set rates against curated collateral including ETH and liquid staking tokens, deployed across multiple EVM-compatible networks.

Steakhouse USDC on Coinbase is a Prime Instant lending vault that lets Coinbase users lend USDC into onchain lending markets through Coinbase's noncustodial Smart Wallet integration. The vault deploys deposits into overcollateralized crypto-backed lending markets, concentrating exposure in blue-chip collateral pairs with automated rebalancing across borrow markets to manage liquidity and yield. Retail USDC holders access institutional-grade lending yield directly from the Coinbase interface without needing a separate DeFi wallet or platform.

Steakhouse USDG on Robinhood Chain is a Steakhouse-curated lending vault that lets Robinhood Earn users lend USDG into onchain lending markets on Robinhood Chain. The vault allocates deposits into overcollateralized crypto-backed lending markets, applying the same collateral curation and risk framework Steakhouse uses across its other partnership vaults. Robinhood users access onchain lending yield directly through the Robinhood Earn interface without operating a separate DeFi wallet.

Term Finance Protocol enables fixed-rate lending through auction-based matching of borrowers and lenders. The system conducts weekly auctions to establish market-clearing rates while maintaining collateral in isolated smart contracts throughout loan terms.

EnsoFi DApp is a decentralized borrowing and lending protocol that provides cross-chain lending, liquidity provision, and yield farming. It lets users deposit collateral, take out loans, and supply liquidity through a single interface, with positions routed automatically to the destination blockchain. The product consolidates DeFi activity that would otherwise require a separate account on each supported network into one dashboard.

Fuze OS is a digital asset infrastructure platform that lets banks, fintechs, and other businesses embed crypto trading, custody, payments, and stablecoin services into their own products. It provides unified APIs for wallet creation, fiat and crypto account management, trading execution, and compliance monitoring. The platform handles order execution, custody orchestration, and reconciliation while giving operators a dashboard to track transactions and compliance events. It supports fiat-to-crypto conversion, cross-border settlement, and AI-assisted compliance automation. Businesses use it to launch branded trading, payment, and wallet experiences without building regulatory or custody infrastructure themselves.

Pike Markets is a decentralized money market protocol featuring integrated DEX functionality, multi-tier governance, and cross-chain capabilities. The system supports customizable lending markets with tailored risk parameters through modular architecture and dual-oracle pricing infrastructure.

JustLend DAO is a decentralized money market protocol on TRON enabling asset supply and borrowing through algorithmic interest rates. The system automatically matches suppliers and borrowers through smart contracts while providing jTokens as interest-bearing receipts. JustLend DAO includes staking functionality for TRX tokens and energy rental services to reduce transaction costs on the TRON network.

Gearbox Protocol is a decentralized borrowing and lending protocol that pairs passive lending pools with leveraged Credit Accounts. Lenders deposit assets into pools and receive share tokens that accrue the interest paid by borrowers. Borrowers open Credit Accounts that hold collateral and debt and execute approved actions on integrated protocols, with solvency checks and liquidations protecting the pool. Curators can deploy their own markets on the same infrastructure, setting supported assets, debt ceilings, rates, and oracle rules.