Description
40 Acres is a lending platform for any yield-bearing asset, enabling users to unlock instant liquidity against future rewards from their assets without selling them. Loans are self-repaying and interest-free: a credit line is calculated from an asset's average weekly rewards, and a portion of those rewards (75% to repayment, 20% to lenders, 5% to treasury) is used automatically each week to pay down the loan, with early repayment always available at no extra cost. The platform is currently live on Base, Optimism, and Avalanche, supporting veNFT collateral across four DEX protocols — Aerodrome, Velodrome, Pharaoh, and Blackhole — and plans to expand to yield-bearing BTC, yield-bearing ETH (LSTs & LRTs), real-world assets (tokenized treasuries, credit, and real estate), and stablecoin yields (USDe, sDAI, sFRAX). It has reportedly attracted over $35M in TVL, $27.3M borrowed, and $5.73M distributed, and has been audited six times by Sherlock. Its typical clients are DeFi users and liquidity providers holding yield-bearing crypto assets who want liquidity without giving up their underlying positions.