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

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.

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 implements algorithmic loan matching through smart contracts to optimize interest rates for lenders and borrowers. The system calculates collateralization requirements and liquidation thresholds while maintaining security through immutable code and formal verification. The protocol processes lending operations through transparent Ethereum and Base deployments, enabling risk-aware capital allocation.

Morpho Vaults implements programmable lending strategies using Morpho Markets as the underlying infrastructure. The system automates capital allocation across multiple markets based on risk profiles defined by curators. Vaults support customizable permissions, deposit caps, and risk parameters through ERC-4626 compliant interfaces.

Morpho App implements a user interface for interacting with Morpho's lending protocols through a web application. The system provides intuitive access to deposit, borrow, and manage positions across multiple markets. The interface displays real-time data on lending rates, collateral ratios, and available liquidity while enabling seamless transactions with Web3 wallet integration.

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.

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.

Radiant Protocol provides cross-chain lending and borrowing infrastructure using LayerZero messaging protocol, enabling users to deposit collateral on one blockchain and borrow assets on different chains. The system utilizes dynamic liquidity provisioning where users lock RDNT liquidity tokens to earn protocol fees and activate emissions eligibility.

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.

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.

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.