lend

Aave is a decentralized money market protocol where people can lend out their assets to earn interest, or borrow various cryptocurrencies against their deposited collateral. The protocol has a native token AAVE, which is used by its community to make collective decisions on the direction of the protocol.

Agave DAO, a decentralized, non-custodial money market and lending protocol on Gnosis Chain

### What Euler is a non-custodial permissionless protocol on Ethereum that allows users to lend and borrow almost any crypto asset. Euler helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third-party. ### Why? Euler introduces a number of new features in DeFi, including permissionless lending markets, protected collateral, reactive interest rates, per-second compounding interests and feeless flash loans. #### Permisionless listing Euler lets its users determine which assets are listed. Any asset that has a WETH pair on Uniswap v3 can be added as a lending market on Euler. #### Protected Collateral On Compound and Aave, collateral deposited to the protocol is always made available for lending. On the other hand, Euler allows collateral to be deposited, but not made available for lending. This collateral is 'protected'. It doesn't earn interest, but is free from the risks of borrowers defaulting, can always be withdrawn instantly, and helps protect against borrowers using tokens to influence governance decisions. #### Reactive interest rates Euler uses control theory to autonomously change the interest rates towards a level that maximises utilisation of assets in the protocol. These reactive interest rates adapt to market conditions for the asset in real-time without the need for ongoing governance intervention. #### Compound Interest Compound interest is accrued on Euler each second. This is different from other lending protocols, where interest is typically accrued every block. Earning interest per-second is generally expected to perform more predictably in the long-run, even if upgrades to Ethereum lead to changes in the average time between blocks. #### Feeless Flash Loans Euler only charges fees according to the time value of money, and from the blockchain's perspective flash loans are held for a duration of 0 seconds. Thus, they are entirely free on Euler (ignoring gas costs).

Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral.

Deposit NFTs and borrow ETH for small illiquid NFT collections that can't get into the main NFT lending markets.

Maker is a decentralized lending platform that allows people to lock in their crypto collateral in exchange for DAI, a decentralized stablecoin whose price target is pegged to $1. The protocol's native token used for governance is MKR.

Morpho Blue is a decentralized protocol enabling the overcollateralized lending and borrowing of crypto assets (ERC20 Tokens) on the Ethereum Virtual Machine. The protocol is implemented as an immutable smart contract, engineered to serve as a trustless base layer for lenders, borrowers, and applications. Morpho Blue is licensed under a dual license (BUSL-1.1 and GPLv2) which you can find [here](https://github.com/morpho-org/morpho-blue/blob/main/LICENSE). Once deployed, Morpho Blue will function in perpetuity, provided the existence of the Ethereum blockchain. ### Why Within a year, Morpho has become the third-largest lending platform on Ethereum, with over $1.5B in deposited assets. Morpho's initial version, Morpho Optimizer, operates on top of Compound and Aave to enhance the efficiency of their interest rate model. But consequently, Morpho Optimizer’s growth is constrained by the current underlying lending pool design. In particular, the current lending paradigm is: - Not Trustless: It relies heavily on its DAO and trusted contractors to monitor and update hundreds of risk parameters daily or upgrade large smart contracts. - Not Efficient: It provides inefficient rate spread, low collateralization factors, and charges fees to maintain the platform itself. - Not Flexible: It has a limited number of assets listed. Users have no choice but to subscribe to the one-size-fits-all risk-return profile proposed by the DAO. Although DeFi lending has grown rapidly under existing protocols like Aave and Compound, we need to rethink decentralized lending from the ground up to reach the next order of magnitude. Having spent two years developing the most significant platform built on top of these onchain funds, Morpho is uniquely positioned to recognize and address its limitations. As anticipated in the initial whitepaper, Morpho must metamorphose to become fully autonomous and improve the current state of DeFi lending. We call this evolution Morpho Blue 🟦.

Fixed rate borrowing & lending protocol with $650M+ in total lending volume.

Sturdy is a DeFi protocol for interest-free borrowing and high yield lending. Instead of charging borrowers interest, Sturdy stakes their collateral and passes the yield to lenders

Wildcat provides an unprecedented level of freedom for on-chain facilitation of credit. Fixed rates. Flexible everything else. Wildcat is an Ethereum protocol enabling undercollateralised on-chain credit facilities which a borrower can parameterise however they wish. Lenders benefit from novel interest rate and withdrawal mechanisms. Designed by - and for - sophisticated actors in the financial markets space.