Over-collateralised lending on Ethereum

Borrow stablecoins without selling your ETH.

Lend is a permissionless lending pool. Supply USDC to earn from borrowers, post WETH as collateral, and draw up to 75% of its value, while an on-chain Health Factor keeps every position solvent.

Liquidation threshold 80% · liquidator bonus 5% · no admin withdrawal path

75%Max LTVborrow limit vs. collateral
80%Liquidation thresholdHealth Factor numerator
5%Liquidator bonusextra collateral seized
from 2%Borrow APRrises with utilization

Values shown are the deployed protocol parameters.

How it works

Four steps from idle capital to a live position

  1. 01

    Supply liquidity

    Deposit USDC into the pool. It becomes the cash borrowers draw from, and you can withdraw it whenever the pool holds enough.

  2. 02

    Deposit WETH collateral

    Post WETH to your position. It is valued by the oracle and never lent out; it only backs what you borrow.

  3. 03

    Borrow up to 75% LTV

    Draw USDC against your collateral value. Interest accrues continuously at a rate that rises with pool utilization.

  4. 04

    Stay above Health Factor 1.0

    Your HF is collateral × 80% ÷ debt. Below 1.0 anyone can repay your debt and seize your collateral plus a 5% bonus.

Health Factor, always visible

Every position carries a single solvency number, computed on chain from oracle prices and the 80% liquidation threshold. The dashboard shows it with the 1.0 line drawn in.

Rates that follow demand

The interest rate model starts at 2% and climbs with utilization, so lenders are paid more exactly when liquidity is scarce.

Permissionless liquidations

Anyone can close an underwater position: repay its USDC debt, receive its WETH collateral plus a 5% bonus. No keeper whitelist.

Open a position in under a minute

Point MetaMask at Sepolia (or your local Anvil node), mint test tokens from the faucet, and watch the Health Factor move as you borrow.