Borrowing

Lend uses the protocol’s LEND token as collateral for USD loans. You receive the full amount you borrow.

Example

To borrow $100, provide $200 worth of LEND. Repay $105 USD: $100 principal and a $5 protocol fee. After repayment, the original LEND token quantity is returned.

The fee is paid in USD at repayment. It is not deducted from the loan and does not increase over time.

Connect a wallet

1. Install and unlock an Ethereum-compatible wallet in your browser.
2. Select Connect wallet. Lend lists the wallets the browser exposes to this page.
3. Choose a wallet and approve account access in its extension.

The wallet list updates when providers are announced. Connecting does not request a payment, token approval, or signature. Browser extensions must be available in the browser you use to open Lend.

Borrow and repay

1. Enter the USD amount. The contract returns an exact quote: LEND to lock, the 5% fee, and the total to repay.
2. Approve the LEND amount shown (it includes a 1% price buffer), wait for the approval to confirm, then confirm the loan. The loan locks the exact amount the contract calculates at that moment, never more than you approved.
3. To repay, choose the loan, approve exactly its principal plus the stored fee, then confirm. Your original LEND units come back in the same transaction.

Amounts are shown in dollars rounded to cents. Settlement uses the stablecoin's full precision. Review screens show the exact amount whenever it has more digits.

Pricing and settlement

LEND is priced from its PancakeSwap V3 pool. The protocol takes the lowest of a 30-minute average, a 5-minute average, the previous second's price and the current price, then converts to USD with Chainlink feeds. Pricing starts only once the pool has 30 minutes of stored history. If any input is stale, broken or too thin, new loans stop automatically. Repayments never depend on the price.

Borrowing also pauses while the settlement stablecoin trades more than 2% away from $1, and no more than an hourly limit can be borrowed in total.

Risks

The 200% collateral requirement applies when a loan is opened. LEND's price can fall afterwards. This version has no liquidation, so a borrower can choose never to repay if LEND drops below the debt value. The lending pool, which the protocol funds, then carries the loss, and that loan's collateral stays locked. Because LEND is the protocol's own token, a falling price and loan defaults can reinforce each other. The admin limits exposure through the loan size limits and the amount of liquidity funded.

Contract setup

The Admin page opens only for the protocol owner's wallet. Connect it, open Admin, paste the LEND token address and press Deploy contracts. The page finds LEND's PancakeSwap V3 pool, previews the oracle price and deploys the oracle and the lending contract from your wallet. Then publish the generated lend.config.json with the site so every visitor connects to it.