List of Decentralised Borrowing & Lending projects on Arbitrum (2026)

Sky Money is a self-custodial app for earning yield on stablecoins. Users supply stablecoins to the Sky Savings Rate, curated lending vaults, a variable-rate pool that funds SKY-backed borrowing, or a fixed-yield market, and can receive ecosystem token rewards for supplying USDS. Users can stake SKY to accrue staking rewards and borrow USDS against the staked position. The app converts between USDC and USDS in both directions without fees. It runs across multiple blockchains, and users keep custody of their funds.

Fluid Lending Protocol is the deposit-and-earn protocol of Fluid, where users supply assets to the Liquidity Layer and receive ERC-4626 fTokens that earn yield. Deposits are lent to borrowers across Fluid's vault and DEX protocols for long-term, sustainable returns. A Lending Resolver gives integrators read-only access to fToken data, rates, rewards, and user positions.

Fluid Vault Protocol is a borrowing protocol where users lock one collateral asset and borrow one debt asset in a vault. Vaults allow high loan-to-value ratios on collateral and use the Liquidity Layer for the borrowed funds. Resolver contracts expose vault, position, tick, and liquidation data, so liquidation bots and DEX aggregators can use available liquidations as swaps.

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 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.

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.

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.

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.

Venus Protocol is a decentralized money market where users supply assets to earn interest and borrow against collateral. The core pool sets interest rates by supply and demand, offers E-Mode for more efficient borrowing against related assets, and liquidates undercollateralized positions. Users can mint the VAI stablecoin against collateral and open leveraged positions in a single transaction. Liquidity Hub vaults route one deposited asset across several yield sources. Venus Prime boosts yields for XVS stakers through non-transferable tokens funded by protocol revenue.

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.

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.

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.

Spark Savings is a savings product that lets users deposit supported assets into vaults and earn a governance-set rate on the same asset. Yield comes from the Spark Liquidity Layer, which allocates capital across DeFi, centralized finance, and real-world asset strategies, and deposits stay withdrawable. The same app includes SparkLend, a non-custodial money market where users supply assets and borrow against curated collateral at governance-set rates. Vaults and markets run on multiple EVM-compatible blockchains.

Pike Markets is a decentralized money market with integrated exchange functionality for correlated assets. Users supply assets to earn yield, borrow against collateral, and swap assets whose liquidity can also serve as lending collateral. Governors create custom lending markets with their own risk parameters, and each market stays isolated from the rest. Governance uses multiple tiers with time-delayed execution of protocol changes.

Gearbox Protocol is an onchain lending and leverage protocol where lenders deposit assets into pools and earn the interest paid by borrowers. Borrowers open Credit Accounts that hold collateral and debt and can act only on approved protocols, with solvency checks and liquidations protecting the pool. Curators deploy their own markets on the same contracts, setting assets, debt ceilings, rates, and oracle rules.

Pareto Credit Vaults facilitate institutional on-chain lending through smart contract-based credit facilities connecting vetted borrowers with liquidity providers. The system enables curators to structure customizable loan terms including fixed or variable rates, redemption cycles, and tranche configurations while automating interest distribution and fund utilization tracking. Borrowers receive capital for strategies including market making, derivatives trading, and arbitrage, while lenders earn yields through direct credit exposure with KYC-verified counterparties and curator oversight.

Hodl Hodl Lend is a non-custodial peer-to-peer lending platform that lets users borrow and lend using Bitcoin as collateral. Loans are secured through 2-of-3 multisig escrow contracts, with the borrower depositing Bitcoin collateral that is released once the loan is repaid, so neither party's funds pass through the platform's custody. The service requires no identity verification and supports several stablecoins and Bitcoin-pegged assets as loan currencies.

Silo is a decentralized lending protocol that lets users borrow against, and lend, virtually any onchain token through isolated, risk-contained markets. Each market pairs a specific asset with a bridge asset so that risk in one market cannot spread to others, and lenders can access vaults that pool deposits across several isolated markets for diversified yield. Borrowers pay variable interest based on utilization, while lenders earn from borrower interest, liquidation fees, and upside on collateral received during liquidations.

Kapan Finance is a lending aggregator that manages DeFi borrowing and lending positions across multiple protocols and blockchains from one screen. Flash-loan-funded atomic transactions let users refinance, loop, swap collateral, or move a whole position to another protocol with one signature and no extra capital. The app is non-custodial, charges no protocol fee, and is used by borrowers looking for lower rates.

Stormbit is non-custodial settlement software for tokenized-asset transactions, used by holders of assets such as BTC or ETH and by capital providers who fund positions. Holders select a program, Harvest for income above a chosen price, Accumulate for a paid commitment to buy at a chosen price, or Prime for fixed-term credit under a protective floor and cap, and a counterparty prices the terms before the holder authorizes settlement from their own wallet. Prime blocks price-based liquidation during the protected term, opening it permissionlessly only after maturity plus four hours. Capital providers fund these programs through vaults, depositing into epoch-based pools and receiving a share redeemable as positions settle, with variable, unguaranteed returns.

Bulla Banker is a Web3 accounting and invoicing application that lets businesses, DAOs, and individuals create, send, and pay invoices onchain. It tokenizes invoices as onchain records, enabling wallet-to-wallet invoicing, batch payments, and peer-to-peer loans. Companies use it to manage business and personal accounts without relying on traditional banking rails.