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DYXY Lend connects you to four of the largest onchain lending protocols: Aave, Morpho, Kamino and Fluid. You can supply assets to earn interest from borrowers, or deposit collateral and borrow against it. All markets are shown in one place, so you can compare rates across protocols and networks before you choose. Your funds always go directly into the protocol’s own contracts. DYXY never holds them.

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Two ways to use Lend

Earn interest

Supply an asset such as USDC or ETH and earn a variable interest rate paid by borrowers.

Collateral loans

Deposit collateral and borrow another asset against it, without selling what you hold.

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How onchain lending works

  1. Lenders supply assets to a market and earn interest.
  2. Borrowers deposit collateral worth more than what they borrow. Loans are always overcollateralized.
  3. Interest rates move with demand. The more of a market’s supply is borrowed, the higher the rates for both borrowers and lenders.
  4. Risky loans are liquidated. If a borrower’s collateral falls too far in value, part of it is sold to repay the loan, protecting lenders.

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The market list

Supply and borrow rates are variable. They change continuously with how much of the market is borrowed. The APY shown is the current rate, not a fixed return.

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Fees

DYXY charges no fee on lending. You pay network gas for each transaction. Protocols keep a share of borrower interest as a reserve, and the supply APY shown is what lenders receive after it.
Lending is exposed to smart contract risk, oracle failures, and, in extreme markets, bad debt. A market can also be fully borrowed for a while, which can delay withdrawals. See Risks.