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

Sky Money is a self-custodial yield app that lets users earn on stablecoins through the Sky Savings Rate and curated lending vaults. Depositing into the savings module mints a savings token that grows in value as yield accrues, while vaults allocate stablecoin deposits across lending markets. Users can also stake the governance token to earn rewards, borrow stablecoins against the staked position, and delegate voting power. Built-in conversion moves between the protocol's stablecoins and legacy tokens at fixed rates, alongside trading between ecosystem tokens. The app runs across multiple blockchains, and users keep full control of deposited funds throughout.

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, including Smart Vaults that let deposits also serve as DEX liquidity to earn trading fees. The platform offers loan-to-value ratios up to 95%, with liquidations executed through native redemption rather than forced market selling.

Jupiter Offerbook is a permissionless peer-to-peer money market enabling users to borrow against any onchain asset, including real-world assets, using any Solana token as collateral. 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.

Perena Smart Borrow is a decentralized borrowing product on Solana that lets users deposit SOL or wrapped BTC as collateral and borrow USDC against it up to a set loan-to-value threshold. The system routes borrowed liquidity through third-party lending markets and applies automated risk controls to manage collateral health. Yield generated on the deposited collateral is used to offset borrowing costs, reducing the effective interest rate paid by users.

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.

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.

Loopscale Protocol is a decentralized lending protocol that matches lenders and borrowers directly through an on-chain order book on Solana. It supports fixed-rate, overcollateralized loans with customizable rate, collateral type, loan-to-value ratio, and duration across isolated markets. The system settles loans atomically and prices risk per market, avoiding the rate spreads of pooled liquidity models.

Loopscale Yield Loops is a leveraged yield product that lets users open looped collateral positions in a single atomic transaction. Users deposit a yield-bearing asset as collateral and borrow additional units of the same or a correlated asset, which are redeposited to compound returns. The transaction combines flash loan borrowing, asset swapping, and loan origination at a fixed rate across multiple duration options.

Save Protocol is a decentralized lending and borrowing platform on Solana that lets users supply and borrow a wide range of digital assets through smart contracts. It organizes liquidity into a flagship main pool, isolated pools for higher-risk assets, and permissionless pools that anyone can create, with interest rates set dynamically by utilization. The protocol also issues a liquid staking token that lets users stake Solana's native asset while retaining a tradable, yield-bearing receipt usable elsewhere in the pools. Automated liquidation engines and real-time risk monitoring manage collateral safety across all pools.

Suilend is a decentralized lending and borrowing protocol on the Sui blockchain, developed by the Save team, offering multiple markets for supplying and borrowing digital assets with utilization-based interest rates. The same interface includes an integrated token swap function, letting users exchange assets directly within their lending account. Automated liquidation and risk management systems protect collateral across the platform's markets. Users can also access cross-chain bridging directly from the app to move assets onto Sui.

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.

Lulo Protected is a decentralized stablecoin yield product that allocates deposits across leading lending and yield protocols using a systematic, TVL- and rate-weighted methodology rather than discretionary management. Deposits are non-custodial and routed directly into whitelisted integrated protocols, with a built-in coverage layer that automatically compensates depositors at the smart-contract level if an integrated protocol suffers a loss, with no manual claims process. A separate first-loss tier called Boost earns higher yield with a lockup period in exchange for underwriting that coverage, and the platform charges a performance fee on generated yield.

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.

EnsoFi DApp is a decentralized borrowing and lending protocol that provides cross-chain lending, liquidity provision, and yield farming. It lets users deposit collateral, take out loans, and supply liquidity through a single interface, with positions routed automatically to the destination blockchain. The product consolidates DeFi activity that would otherwise require a separate account on each supported network into one dashboard.

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 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.

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.

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.

Lavarage is a decentralized spot margin trading platform on Solana that lets traders borrow capital to open leveraged long or short positions on tokens listed on decentralized exchanges, holding the actual underlying token rather than a synthetic derivative. Lenders create lending pools with custom loan terms, while passive stakers deposit into those pools to earn yield from interest and liquidation proceeds. The platform also offers a staking vault where users deposit SOL to receive a liquid staking token that accrues validator rewards alongside a share of platform trading revenue. Margin positions are opened and settled through on-chain smart contracts, with pricing and execution routed through third-party liquidity aggregation on Solana.

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

Glow Finance is a decentralized lending platform on Solana that lets users deposit assets into margin accounts to earn yield and borrow against them as collateral. The platform routes deposits into lending markets, passive vaults, and (in development) higher-conviction strategy vaults that automate leverage and capital allocation. It integrates with external Solana DeFi protocols through adapters, allowing composable strategies without leaving the platform. Margin accounts support undercollateralized borrowing against deposited collateral, and lending markets use a utilization curve and partial liquidations to manage borrower and lender rates.

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.