Lends is an all-in-one decentralized finance (DeFi) solution. This cross-chain lending solution lets users lend and borrow cryptocurrencies, swap between different assets, save, and engage in peer-to-peer trading through order books.
The cross-chain lending feature lets users borrow against their crypto assets without selling them. This feature facilitates access to competitive supply and borrowing rates within the Arbitrum ecosystem, indicating a focus on providing efficient and versatile lending options across different blockchain networks.
Lends is highlighted as Thorchain's flagship decentralized lending application. It stands out for its on-chain issuance of 0% interest, no liquidation,and no expiration debt tokens. This model is based on an overcollateralized lending approach that utilizes burning instead of interest accrual, offering a unique mechanism for managing loans within the Thorchain ecosystem.
The platform's integration with the Arbitrum ecosystem and its position as a key application within the Thorchain ecosystem underscore its innovative approach to DeFi lending and borrowing. Its features aim to provide users with flexible and efficient financial tools, leveraging the benefits of blockchain technology to enhance the accessibility and utility of cryptocurrency assets.
