List of Decentralised Borrowing & Lending projects on Avalanche (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.

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.

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.

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.

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.

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.

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.

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.

Silo creates risk-isolated lending markets through smart contracts, enabling peer-to-pool overcollateralized borrowing. Each market supports two assets: a unique token and a bridge asset. The system isolates risk to individual markets while concentrating liquidity in single pools.

BENQI Markets provides lending and borrowing pools through Core Markets for liquid assets and Avalanche Ecosystem Markets for long-tail assets and tokenized real-world assets. The protocol uses algorithmic interest rate models and isolated market architecture for risk management.