How it works
ETH and USDT lending, end to end.
For lenders
Step 1
Deposit ETH or USDT. Connect wallet, approve, deposit.
Step 2
Earn variable APR. Rate is set on-chain by utilization. No off-chain oracles for rates.
Step 3
Withdraw on demand. Subject to available pool liquidity.
For borrowers
Step 1
Post ETH or USDT as collateral.
Step 2
Borrow the other side.
Step 3
Maintain LTV; repay any time.
Why no bridges
Bridges add a trust assumption we will not carry. Every dollar in the protocol is native ETH or native USDT on Ethereum L1. If a chain outside Ethereum L1 fails, your position is unaffected.
Risks
- Smart-contract risk
- Documented in audits.
- Liquidation risk
- Calculator in dApp.
- Stablecoin peg risk
- USDT-issuer dependent.
- Oracle risk
- Chainlink only.