Lends is the flagship lending application on Thorchain, boasting over $140 million in Total Value Locked (TVL) and 300,000 unique users. Native users of Thorchain’s ecosystem utilize our lending products, such as our 0% interest, non-liquidating loans, made possible through an innovative over-collateralization model based on burning rather than interest accrual. The protocol also offers generous yield opportunities with up to 16.21% and 6.46% annual interest rates for liquidity providers and Thorchain bondholders, respectively. Positioned within the Thorchain ecosystem, Lends serves as the primary interface for users interacting with Thorchain, enabling them to capture maximum value from traditional DeFi participants.