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.

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.

Algorand App is the Folks Finance DeFi suite on Algorand, with lending and borrowing markets, liquid staking, and a DEX router in one interface. Users deposit assets to earn yield, borrow against collateral, stake ALGO for xALGO to earn consensus rewards while staying liquid, and automate looped positions. Folks Router aggregates DEX liquidity on Algorand so swaps route through the best available pools.

xChain App is the cross-chain lending and borrowing app of Folks Finance, built on a hub-and-spoke model in which a hub chain holds unified liquidity pools that connected spoke chains can access. Users lend, borrow, and trade across multiple networks from a single cross-chain account, with assets kept native on their own chains. Listed markets include stablecoins, liquid staking tokens, and assets from partner ecosystems.

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.

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 lending market on the Bifrost Network where users supply native assets from connected blockchains as collateral and borrow on another network. Deposits move through Bifrost's cross-chain bridge without wrapped tokens, and validators verify each transaction. Supply and borrow rates adjust in real time with market supply and demand across a range of stablecoins and major crypto assets.

Legacy BiFi is the original BiFi lending app, where users supply assets to earn interest and borrow against them on each supported blockchain separately. It also offers pooling and staking of BiFi liquidity tokens, and users earn BiFi token rewards for lending activity. The app remains available from the BiFi website alongside BiFi Cross-chain.

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.

Term Finance Protocol is a fixed-rate lending protocol that matches borrowers and lenders through recurring sealed-bid auctions. Each auction clears at a single market rate, and collateral stays in non-custodial smart contracts for the loan term. Lenders receive tokens that redeem for principal plus interest at maturity.

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 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.

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.

BENQI Markets is a decentralized lending and borrowing protocol offering two isolated pool structures on Avalanche. Core Markets serve widely used liquid assets such as AVAX and USDC, letting users supply assets to earn algorithmically determined interest and borrow against that collateral. Avalanche Ecosystem Markets extend borrowing and lending to long-tail assets and tokenized real-world assets, restricting borrows to USDC and applying separate risk parameters to isolate volatility from Core Markets. Isolated market configurations and collateralization rules are set per asset to protect the broader protocol from liquidity shocks.

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.