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

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.

Liquidity is a decentralized 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 through non-custodial vault contracts, and capital recycles as the underlying transactions settle. Depositors receive receipt tokens representing their pool position and earn yield sourced from real payment volume.

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.

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.

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.

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.

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 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.

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.

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.

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.

Lendasat Lending Platform is a peer-to-peer marketplace for Bitcoin-backed loans. Borrowers lock Bitcoin as collateral in a multi-party escrow shared with a matched lender and receive stablecoins or fiat by bank transfer or virtual card, while lenders set their own rates, amounts, and durations and earn interest. A Bitcoin price oracle monitors collateral value to trigger margin calls or automatic liquidation, and Lendasat acts as a neutral arbitrator in the escrow.

WeFi is a decentralized money market for leverage trading. Users lend to earn yield or borrow to create leveraged positions across crypto and select real‑world assets. Assets bought via connected DEXs are locked until loans are repaid. The platform features AAVE integration, leverage vaults, portfolio tools, staking, and a bridge.