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

Jupiter Lend provides overcollateralized borrowing and lending across multiple vaults on Solana. Users deposit assets as collateral to borrow stablecoins and tokens using dynamic interest rate models. The platform offers loan-to-value ratios up to 95%, with JLP vaults enabling USDC borrowing at 83% LTV. Liquidations execute through native JLP redemption rather than forced market selling, developed with Fluid.

Jupiter Offerbook is a permissionless P2P money market enabling users to borrow against any onchain asset including real-world assets. The platform uses time-based peer-to-peer loans with no price-based liquidations, allowing borrowers and lenders to set custom terms. This design removes oracle dependency for loan health and enables lending against long-tail and illiquid assets that traditional lending protocols cannot support.

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.

Kamino Finance app is an integrated DeFi platform on Solana providing lending, borrowing, liquidity provision, and institutional credit infrastructure. Core features include Lend for automated yield vaults, Borrow for over-collateralized loans across isolated markets, Liquidity for automated concentrated liquidity positions with fee compounding, Multiply for one-click leveraged strategies, and Swap for aggregated token trading. Institutional features include Fixed Rates for locking borrowing costs over fixed terms, Borrow Intents for posting custom loan parameters onchain, Off-Chain Collateral for borrowing against assets held in qualified custody via Chainlink attestation, and Private Credit Vaults for accessing BTC-backed institutional lending yields.

Kamino Lend V2 is the modular lending infrastructure layer powering Kamino's credit products on Solana. The architecture enables permissionless market creation, single-asset lending vaults with automated yield optimization, and enhanced risk management through Scam Wick Protection and dynamic liquidation auctions. V2 introduces isolated mode for fine-tuned collateral configurations, Spot Leverage for low-fee leveraged positions, and flexible borrowing modes across user-defined risk profiles.

Liquidity is a decentralised 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 from acquirers, banks, and pay-in providers through audited, non-custodial vault contracts, with capital recycling roughly every 72 hours as underlying transactions settle. Depositors receive chain-native receipt tokens representing their pool position and earn yield sourced from real payment volume rather than fixed rates.

Echo Lending implements decentralized borrowing and lending markets for Bitcoin-backed assets and stablecoins on Aptos. Users supply aBTC, APT, eAPT, zUSDT, or zUSDC as collateral to borrow supported assets, with interest rates determined algorithmically based on utilization. The protocol enables Bitcoin holders to access leverage or liquidity without selling their BTC holdings while maintaining exposure through liquid staking tokens.

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.

A lending protocol within Drift's ecosystem enabling users to lend or borrow assets with up to 5x leverage. The system implements dynamic interest rates based on utilization, automated collateral management, and risk-based borrowing limits. Borrowed assets integrate with trading functions through the unified margin system.

Bitfinex Borrow is a peer-to-peer lending platform enabling users to borrow digital assets against collateral with customizable terms. Users can set preferred interest rates and loan durations, or utilize automated tools to secure funding at current market rates for leveraged trading positions.

An order book-based lending protocol on Solana enabling fixed-rate, overcollateralized loans through direct matching between lenders and borrowers. The protocol supports customizable loan terms including rate, collateral type, loan-to-value ratio, duration, and liquidation parameters across isolated markets. Built on Solana's infrastructure, the system processes atomic settlements while maintaining capital efficiency through elimination of rate spreads inherent in pooled liquidity models.

A leveraged yield amplification product enabling users to create looped collateral positions through atomic transactions. Users deposit yield-bearing assets as collateral to borrow additional units of the same or correlated asset, which are redeposited to compound returns. The system executes flash loan borrowing, asset swapping, collateral deposits, and loan origination within single transactions at fixed interest rates across multiple duration options.

Banker Joe is a decentralized lending protocol enabling non-custodial borrowing and lending through overcollateralized liquidity pools. The system uses algorithmic interest rates based on supply and demand dynamics, integrates Chainlink price feeds for collateralization monitoring, and distributes protocol fees to token stakers.

Phemex Lending Protocol implements peer-to-peer lending through smart contract automation, enabling instant borrowing against cryptocurrency collateral. The system provides liquidity pools with automated interest rate mechanisms and real-time collateral monitoring.

Decentralized lending protocol on Solana featuring three pool types: Main Pool for established assets, Isolated Pools for higher-risk tokens, and Permissionless Pools for custom markets. Implements dynamic interest rates based on utilization, advanced liquidation protection mechanisms, and flash loan capabilities. Includes real-time risk monitoring, automated liquidation engines, and cross-margin functionality across pools. Supports both variable and fixed interest rate markets.

Decentralized lending protocol on Sui blockchain developed by the Save (formerly Solend) team. Features permissionless lending and borrowing with multiple pool types, automated liquidation mechanisms, and risk management systems. Implements dynamic interest rates based on utilization and supports cross-collateral positions.

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.

Project 0 is a DeFi-native prime brokerage platform that enables users to borrow against their entire DeFi portfolio across multiple venues with unified margin. Users access credit against positions through a single interface, reducing the need to manage separate borrows.

EnsoFi DApp implements cross-chain lending and liquidity providing through standardized interfaces, enabling yield farming across ecosystems and seamless asset management between blockchains.

Borrow assets against your stake without unstaking it. Repay the loans with the staking yield.

Glow Finance implements cross-margin lending architecture through isolated margin accounts, enabling leveraged positions and automated yield strategies. The system integrates pooled lending with external protocol adapters while maintaining composability across the Solana ecosystem through pre-built recipe strategies.

Lulo is a decentralized lending and borrowing platform that automatically routes deposits to the best lending rates across Solana dApps.

Hodl Hodl Lend is a P2P Bitcoin lending platform that enables users to borrow and lend Bitcoin directly with each other. The platform operates separately from the main trading marketplace and focuses on decentralized lending services.

Huma V2 is a yield platform on Solana enabling users to earn returns from real-world payment financing activities through liquidity provision. Users deposit USDC to receive liquid PST tokens representing their share, choosing between Classic mode for stable yield or Maxi mode for reward multipliers. The platform generates returns through transaction fees paid by businesses accessing payment settlement liquidity.

Huma Institutional is a permissioned protocol providing institutional investors with access to curated payment financing opportunities through compliance-verified liquidity pools. Licensed financial institutions participate in funding cross-border settlements, card payments, and marketplace seller advances. The system enforces smart contract-based risk management with comprehensive AML screening and investor qualification requirements.

Perpetual NFT-backed loans with flexible terms and refinancing options.

Lendasat Lending Platform is a peer-to-peer marketplace that connects Bitcoin holders seeking liquidity with lenders seeking yield. Borrowers lock Bitcoin as collateral in a 2-of-3 multisig escrow shared with a matched lender and Lendasat as a neutral arbitrator, receiving stablecoin or fiat loan proceeds through methods including bank transfer, stablecoins, or a virtual card. Lenders set their own rates, amounts, and durations, and are paid interest while a Bitcoin price oracle monitors collateral value to trigger margin calls or automatic liquidation. Both borrower and lender access points are part of the same underlying escrow and matching protocol, so bank transfer, stablecoin, and card disbursement are payout options within one lending product rather than separate offerings.

Sharky is a decentralized lending protocol on Solana that allows users to borrow against their NFTs and earn yield as lenders. It provides instant cash access and passive income opportunities for NFT owners and liquidity providers.

Asgard Credit Layer is a decentralized borrowing and lending platform on Solana that lets users open Credit Backed Positions to gain leveraged exposure to spot assets using borrowed capital. The platform aggregates yield strategies across integrated money markets, allowing users to amplify yields through leverage, swap collateral between assets, and refinance existing debt to lower interest rates without closing positions. A trading interface lets users execute credit-backed spot positions directly, while a portfolio view and leaderboard track performance across strategies. The system manages collateralization automatically and applies liquidation protections to the leveraged positions it creates.

P2P lending platform on Solana for NFT-backed loans. Users can borrow against or lend to Solana NFTs with fast transactions and customizable terms.

Elemental Fixed Deposit is a structured investment product that allows users to deposit USDC or SOL into epoch-based funds with fixed APR yields. Each epoch lasts five days, and deposits are activated at the start of the next epoch while withdrawals require at least one full epoch to process.

Hobba is a decentralized borrowing and lending platform on Solana that lets users deposit collateral and borrow stablecoins. Users adjust loan-to-value ratios, view liquidation pricing, and use smart earning features to manage risk.

Enables customization of DeFi investment products with flexible yields and low costs. Users choose assets, lock-up periods, and generates returns using options strategies.

Xitadel is a protocol for Liquid Treasury Tokens on Solana that enables post-TGE projects to access capital through overcollateralized, fixed-term bond products. The platform facilitates issuance, funding, trading, maturity, and redemption of LTTs with automated collateral management and liquidation mechanisms.

attn.markets Platform facilitates revenue-backed credit lines through revenue accounts, cash advances, and revolving credit facilities. The system routes onchain revenues into jointly governed accounts, proposes revenue share and horizon parameters, and executes automatic repayment routing while positions remain active. Liquidity providers deposit stablecoins into priority pools to earn yield from diversified revenue-backed positions via attnUSD tokens.