# RainFi

> A peer-to-peer lending protocol for borrowing, depositing, and trading tokens and NFTs.

RainFi was a decentralized lending protocol built on the Solana blockchain. It let users borrow and lend using tokens and NFTs as collateral, with loans that avoided price-based liquidation.

RainFi was a decentralized peer-to-peer lending protocol built on the Solana blockchain, classified as a decentralized lending protocol. It allowed users to borrow and lend digital assets using tokens and non-fungible tokens as collateral, and offered a buy now, pay later mechanism for acquiring NFTs through partial upfront payments. The protocol targeted traders, NFT holders seeking liquidity without selling their assets, and lenders looking to earn yield on deposited assets.

Unlike many collateralized lending platforms, RainFi based loan default on repayment timing rather than collateral price movements, removing exposure to price-based liquidations. Lending pools could be created with custom strategies, letting liquidity providers set their own terms and earn interest from borrowers who used those pools. The lending module was also designed for integration into third party applications through a white-label offering, generating fee revenue for partners.

The protocol's offering centered on token and NFT collateralized borrowing, an NFT financing feature, and customizable lending pools for liquidity providers. It supported a range of assets native to its underlying blockchain rather than a fixed roster. RainFi was used by individual borrowers, NFT collectors, lenders providing liquidity, and platforms integrating its lending module. It was acquired by another protocol, and its team has moved to build a successor lending product.

- Type: Protocol
- Sector: DeFi
- Status: Acquired
- Founded: 2023-01-01
- Profile: https://thegrid.id/profiles/Rain_fi

## Products

- [Rain.fi Lending Protocol](https://thegrid.id/profiles/Rain_fi): Rain.fi Lending Protocol is a decentralized peer-to-peer lending and borrowing platform on Solana. It lets users borrow against tokens or NFTs, lend assets into pools to earn interest, and use a buy-now-pay-later mechanism to acquire NFTs with partial upfront payment, with loans defaulting only on missed repayment rather than collateral price moves. Businesses can also integrate a white-label lending module or create custom pools with their own lending strategies. The platform is winding down following an acquisition, with new loans and deposits disabled while existing users can still repay, extend, or withdraw. (Decentralised Borrowing & Lending, Inactive/Support Ended, Main Product)
- [Liquid](https://thegrid.id/profiles/Rain_fi): Liquid is a liquid staking protocol operated by Rain.fi that lets users stake governance tokens and receive a non-transferable staked token representing their position. The staked tokens can be used as collateral to borrow on the Rain.fi lending platform, letting holders retain governance voting rights and staking rewards while accessing liquidity without unstaking. It is accessed through its own dedicated application separate from the main Rain.fi borrowing interface. (Liquid Staking, Inactive/Support Ended)

## Assets

- [Droplets](https://thegrid.id/profiles/Rain_fi): Droplets are the points-based reward asset of Rain.fi, a decentralized lending protocol on Solana. Users earn them by lending, borrowing, and referring others on the platform, with borrowing accruing points faster than lending. Following Jupiter's acquisition of Rain.fi, Droplets became redeemable for JUP token airdrops proportional to each holder's accumulated balance. (Digital Reward Assets)
- [stJUP (stJUP)](https://thegrid.id/profiles/Rain_fi): stJUP is a liquid staking token issued by Rain.fi's Liquid product, representing JUP staked through a Jupiter Voting Program wrapper on Solana. Holders keep Jupiter governance voting rights and earn ASR staking rewards while using stJUP as collateral to borrow on Rain.fi. It is non-transferable and redeemable one-to-one for the underlying JUP after an unstaking period, though Liquid was wound down following Jupiter's acquisition of Rain.fi. (Liquid Staking Tokens (LSTs))
- [stCOLLAT (stCOLLAT)](https://thegrid.id/profiles/Rain_fi): stCOLLAT is a liquid staking token issued by Rain.fi's Liquid product, representing COLLAT tokens staked through the Collaterize staking program on Solana. It can be used as collateral to borrow on Rain.fi while the underlying COLLAT remains staked, and is redeemable one-to-one for COLLAT after a fifteen-day unstaking period. The token is non-transferable and cannot be used to create lending pools. (Liquid Staking Tokens (LSTs))

## Links

- [Documentation](https://docs.rain.fi)
- [Whitepaper](https://rainfi.notion.site/Wetpaper-V1-2a2753a948f3487fbaf15e5f8f263599)
- [Main](https://rain.fi)
- [Terms of Service](https://app.rain.fi/legal)
- [Privacy policy](https://app.rain.fi/privacy)
- [Blog](https://blog.rain.fi)
- [Media Kit/branding](https://blog.rain.fi/rainfi-media-kit-logos-assets-brand-guidelines)
- [Twitter / X](https://x.com/rainfi_)
- [Discord](https://discord.gg/rainfi)
- [Medium](https://medium.com/@rainfi_)

## Relationships

- [Jupiter](https://thegrid.id/profiles/Jupiter): Parent organization

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