zkLend (ZKL) is a Layer 2 money-market protocol built on StarkNet. It leverages zk-rollup technology for scalability, fast transactions, and lower costs while maintaining Ethereum's security.
You can deposit digital assets into zkLend. These assets generate interest over time. You receive zTokens representing your share of the deposit pool. These zTokens increase in value as interest accrues.
You can use your deposited assets as collateral to borrow other assets. The interest rate for borrowing depends on the market conditions and the specific asset pool.
zkLend offers flash loans. These are loans taken out and repaid within the same transaction block, often used for arbitrage opportunities.
zkLend’s Two Platforms
- Artemis: This is for regular DeFi users. It's permissionless, meaning anyone can use it without needing approval.
- Apollo: This is designed for institutional clients. It is permissioned, requiring users to undergo KYC checks.
zkLend separates high-risk and low-risk assets into different pools to manage risks effectively. This isolation helps prevent issues with one asset from affecting others.
zkLend plans to introduce features like custom vaults for optimizing liquidity, isolated markets to reduce risk, and an advanced transaction builder for easier asset management and strategic financial operations.