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Everlend
Everlend is a Solana-based meta lending protocol that aggregates and optimizes liquidity across underlying money markets, offering users the highest yields on deposits and the lowest interest rates on loans. It serves crypto users and DeFi participants seeking optimized lending and borrowing rates.
Distributed
Description
Everlend is a decentralized finance protocol built on Solana that acts as a liquidity aggregator and optimizer across multiple underlying money markets. Through its Oracle Algorithm Rebalance system, it continuously moves liquidity between protocols to ensure users receive the highest available yield on deposits and the lowest available rates on loans, using automatic rebalancing and refinancing mechanisms. The protocol emphasizes security through a Battle-tested Risk Framework and a Loss Prevention System with three tiers of protection—liquidations, a Safety Fund, and an Everlend DAO staking pool—to protect lenders from borrower defaults. Everlend's roadmap includes a Loan Optimizer, an ELD governance token, a staking pool, and a fully token-holder-driven DAO, with plans for decentralized refinancing algorithms approved by the DAO. Its clients are primarily individual crypto users and depositors within the Solana DeFi ecosystem looking for optimized lending and borrowing terms.Grant Funding
VC Funding
None
2022
$0
$2.6M