Native BTC Lending.
Without selling your BTC.

Borrow USDT or USDC against your BTC, or supply BTC and earn lending interest plus
a share of Boost swap fees. Native assets across BTC, ETH, SOL, USDC, and USDT.

Start borrowing

Supply BTC

Lending 2.0 is live. Read what's new here

Native BTC Lending.
Without selling your BTC.

Borrow USDT or USDC against your BTC, or supply BTC and earn lending interest plus
a share of Boost swap fees. Native assets across BTC, ETH, SOL, USDC, and USDT.

Start borrowing

Supply BTC

Lending 2.0 is live. Read what's new here

Native BTC Lending.
Without selling
your BTC.

Borrow USDT or USDC against your BTC, or supply BTC and earn lending interest plus
a share of Boost swap fees. Native assets across BTC, ETH, SOL, USDC, and USDT.

Start borrowing

Supply BTC

Lending 2.0 is live. Read what's new here

  • Lending TVL

    $2.2M

    Current

  • Total Borrowed Ever

    $27.1M

    Total

  • BTC Supply APY

    6.29%

    Current

  • BTC Supplied

    $11,785

    Current

Lending TVL

$2.2M

Current

Lending TVL

$2.2M

Current

BTC Supplied

$11,785

Current

BTC Supplied

$11,785

Current

BTC Supply APY

6.29%

Current

BTC Supply APY

$1.32M

Current

Total Borrowed Ever

$27.1M

Total

Boost Volume

$875,542

Total

For borrowers and lenders alike

For borrowers and lenders alike

For borrowers and lenders alike

Borrowers

Cross-chain flexibility

Use collateral from one chain to borrow on another. All positions and repayments settle through Chainflip’s cross-chain DEX infrastructure.

Borrowers

Access liquidity without leaving Bitcoin

Borrow stablecoins or other assets directly against your BTC, ETH, or SOL, without wrapping, bridges,
or custodians.

Borrowers

Access liquidity without
leaving Bitcoin

Borrow stablecoins or other assets directly against your BTC, ETH, or SOL, without wrapping, bridges, or custodians.

Lenders

Secure by infrastructure

Funds are held in Chainflip’s MPC vaults and
safeguarded by a 150-validator proof-of-stake network.

Lenders

Earn from real on-chain activity

Supply USDC, USDT, BTC and more
to earn competitive yield on your assets.

Lenders

Access liquidity without
leaving Bitcoin

Supply USDC, USDT, BTC and more
to earn competitive yield on your assets.

Recent borrowing activity

What makes Chainflip Lending different

What makes Chainflip Lending different

What makes Chainflip Lending different

Until now, BTC lending has relied on wrapped assets and permissioned infrastructure. That approach limits transparency, introduces synthetic risk, and makes true permissionless lending impossible.

Until now, BTC lending has relied on wrapped assets and permissioned infrastructure. That approach limits transparency, introduces synthetic risk, and makes true permissionless lending impossible.

Native Assets Only

Supply or borrow real BTC, ETH, SOL, and stablecoins directly. No wrapped tokens or bridges, just native assets, managed
by Chainflip’s vault system.

Lend or borrow real BTC, ETH, SOL, and stablecoins directly. No wrapped tokens
or bridges, just native assets, managed
by Chainflip’s vault system.

Safe by Design

Every loan requires 100% collateral coverage at oracle prices, priced using verified Chainlink oracles with fallback feeds on Ethereum and Arbitrum. Positions unwind partially.

Every loan is overcollateralised and
priced using verified Chainlink oracles,
with fallback feeds on Ethereum
and Arbitrum for extra reliability.

Every loan is overcollateralised and
priced using verified Chainlink oracles, with fallback feeds on Ethereum
and Arbitrum for extra reliability.

Cross-Chain by Default

Deposit collateral on one chain and borrow on another, all natively. Chainflip’s cross-chain settlement layer handles everything on-chain, removing friction between ecosystems.

Transparent & Composable

All positions, rates, and liquidations are avaliable for the user. Developers can integrate lending flows, monitoring, or liquidation data directly through our open API stack.

All positions, rates, and liquidations are visible and auditable on-chain. Developers can integrate lending flows, monitoring,
or liquidation data directly through our
open API stack.

All positions, rates, and liquidations
are visible and auditable on-chain. Developers can integrate lending flows, monitoring, or liquidation data directly through our open API stack.

One protocol, two sides
of the same market

One protocol, two sides
of the same market

One protocol,
two sides of
the same market

Chainflip Lending combines proven cross-chain infrastructure with on-chain credit mechanics.
Supply BTC and earn from both lending interest and Boost swap fees, all from a single unified pool.

Chainflip Lending combines proven
cross-chain infrastructure with
on-chain credit mechanics, creating
a unified liquidity layer for native assets.

Built on Chainflip Infrastructure

Built on Chainflip Infrastructure

Built on Chainflip Infrastructure

Chainflip Lending uses the same proven infrastructure that's processed $6B+ in cross-chain swaps. Assets are held in Chainflip Vaults using a 100-of-150 threshold signature scheme,
secured by a decentralized validator network. See docs for technical details.

Chainflip Lending launched as a closed beta to stress-test the protocol by supplying liquidity, taking out loans, and helping us catch edge cases. Season 1 wrapped up February 4th, 2026. Now live for everyone.

Supply & Borrow to Earn More

Supply & Borrow to Earn More

Supply BTC to earn lending interest and a share of Boost swap fees from the same position. Borrow against your assets without selling them. The more active the protocol, the better it performs for both.

Supply liquidity to earn yield, or borrow against your assets without selling them. The protocol works both ways: suppliers provide liquidity, borrowers create demand.

Tap into stablecoin trading strategies that generate passive income, with no need to trade or track markets yourself.

Built for Active Participants

Built for Active Participants

When borrowing goes up, suppliers earn better rates. When there's deep liquidity, borrowers have more options. The busier the protocol, the better it performs for everyone.

Deploy capital at desired spread for each stable asset. Fine-tuned to adapt with market conditions and optimise your returns.

Soft Liquidations Protect Borrowers

Soft Liquidations Protect Borrowers

Every loan requires 100% collateral coverage at oracle prices. When a position gets risky, the protocol takes the smallest action needed to restore health, not your whole position.

Built on Battle-Tested Tech
Native Assets

Built on Battle-Tested Tech

Chainflip Lending runs on the same infrastructure that powers the Chainflip DEX. The validator network and vault system have been proven under real conditions.

Your BTC stays on Bitcoin. Your ETH stays on Ethereum. No wrapped tokens, no bridges, no taxable events. Beta participants moved real volume without ever touching wBTC.

Native Assets
Built on Battle-Tested Tech

Native Assets

Your BTC stays on Bitcoin. Your ETH stays on Ethereum. No wrapped tokens, no bridges, no taxable events. Lend and borrow without ever leaving your native chain.

Chainflip Lending runs on the same infrastructure that powers the Chainflip DEX. The validator network and vault system have been proven under real conditions.

Protocol risk parameters

Protocol risk parameters

Protocol risk parameters

Chainflip Lending runs on the same infrastructure that's processed $6B+ in cross-chain swaps. Every design decision in 2.0 prioritises protocol health over growth.

Chainflip Lending launched as a closed beta to stress-test the protocol by supplying liquidity, taking out loans, and helping us catch edge cases. Season 1 wrapped up February 4th, 2026. Now live for everyone.

100% Loan Coverage

A new loan is rejected if it would drop coverage below 100%, the protocol always holds enough collateral to
fully liquidate every open position
at oracle prices.

Easily integrate with just a few lines of JavaScript. No smart contracts or custom
backends are required.

Partial liquidations

When an LTV gets risky, the smallest action needed is taken to restore health. Your whole position is never unwound at once, only what's necessary.

Fully trustless. Users retain control of their assets at all times. No bridging, no wrapping,
no intermediaries.

Zero reorg losses

BTC suppliers are exposed to Bitcoin reorg risk, the same as Boost depositors. Chainflip has lost zero deposits to reorgs in two years of live volume.

Lend Native Bitcoin.
Earn Real Yield.

Supply to earn returns. Borrow without selling. Both sides drive the same market. Your assets never leave their native chains.

Start borrowing

Supply BTC

Lending 2.0 is live. Read what's new here

Lend Native Bitcoin.
Earn Real Yield.

Supply to earn returns. Borrow without selling. Both sides drive the same market. Your assets never leave their native chains.

Start borrowing

Supply BTC

Lending 2.0 is live. Read what's new here

Lend Native Bitcoin. Earn Real Yield.

Supply to earn returns. Borrow without selling. Both sides drive the same market. Your assets never leave their native chains.

Start borrowing

Supply BTC

Lending 2.0 is live. Read what's new here

How yield works

How yield works

Supply assets into the unified pool

BTC, ETH, SOL, USDC, or USDT go into the same collateral pool that backs all loans.

Earn lending interest
BTC suppliers earn a second stream
Boost fees flow back to you

Supply assets
into the unified pool

BTC, ETH, SOL, USDC, or USDT go into the same collateral pool that backs all loans.

Earn lending interest

BTC suppliers earn
a second stream

Boost fees flow back to you

Frequently asked questions

Frequently asked questions

Frequently asked questions

What is Chainflip Lending?

Chainflip Lending is a native, cross-chain protocol for borrowing and lending. Supplied assets enter a unified pool and act as collateral for loans, so the same deposit can earn yield and back your own borrowing at the same time. Everything runs with native assets across chains, with no wrapping or synthetic tokens.

What changed in Lending 2.0?

Lending 2.0 introduces Supply-as-Collateral. Every supplied asset is now part of a unified collateral pool, and BTC suppliers earn a share of Boost swap fees while their coins back loans.

How does Chainflip Lending work?

Chainflip Lending extends the Chainflip cross-chain infrastructure with permissionless, overcollateralized lending. Users supply and borrow native BTC, ETH, SOL, and more without wrapping or bridging. Assets are held in Chainflip Vaults using a 100-of-150 threshold signature scheme. Borrowers create loan positions to borrow USDC, USDT, or other assets, and withdraw directly to any wallet. See docs for more details.

Which assets are supported?

The protocol currently supports Bitcoin, Ethereum, and Solana networks. Supported assets include native BTC, ETH, and SOL, plus USDC and USDT on Ethereum. All supplied assets enter the unified collateral pool under Lending 2.0.

How do BTC suppliers earn Boost fees?

Chainflip Lending extends the protocol's cross-chain infrastructure with permissionless, overcollateralised lending. Supplied assets enter a unified collateral pool held in Chainflip Vaults using a 100-of-150 threshold signature scheme; suppliers earn interest when others borrow against the pool, and BTC suppliers also earn a share of Boost swap fees. Borrowers create loan positions against the pool and withdraw in native assets to any wallet, with no wrapping or bridging. See docs for more details.

How much can I borrow?

Your borrowing capacity depends on the asset you've supplied as collateral and its loan-to-value (LTV) cap, which varies by asset based on volatility. The lending dashboard shows your exact available amount in real time. Each asset's specific LTV and current rate are visible in the market detail view.

How much can I borrow?

You can find detailed information in several places:

Lending Documentation: Protocol guides, interest rates, collateral & liquidations

Bitcoin-Backed Loan Use Cases: Explore practical scenarios for using native BTC lending

Native BTC Lending Explained: Deep dive into cross-chain liquidity and native Bitcoin loans

Chainflip Lending Full Release: Read about the release to public.

What does over-collateralised mean?

It means you deposit more in collateral than the value of your loan. In Lending 2.0, this is enforced at the protocol level through 100% Loan Coverage: a new loan can only be issued if the system retains enough of every collateral asset to fully liquidate all open loans at oracle prices. Combined with partial liquidations, this keeps lending pools protected from insolvency.

What is 100% Loan Coverage?

100% Loan Coverage is the rule that prevents a new loan from being issued if it would leave the protocol with less than enough of any collateral asset to fully liquidate all open loans at oracle prices. It's a tighter risk constraint than most lending markets enforce, and it's what allows partial liquidations to keep positions healthy without forcing full unwinds.

What is 100% Loan Coverage?

You can find detailed information in several places:

Lending Documentation: Protocol guides, interest rates, collateral & liquidations

Bitcoin-Backed Loan Use Cases: Explore practical scenarios for using native BTC lending

Native BTC Lending Explained: Deep dive into cross-chain liquidity and native Bitcoin loans

Chainflip Lending Full Release: Read about the release to public.

Can I avoid being liquidated?

Yes. By monitoring your loan-to-value (LTV) ratio and adding collateral as markets move, you can stay above liquidation thresholds. The app shows your LTV in real time. And in Lending 2.0, liquidations are partial: when an LTV becomes unhealthy, the protocol takes the smallest action needed to restore safety, so a margin event no longer forces a full position unwind.

What are the associated risks?

On-chain lending carries both technical and market risks. Smart-contract or oracle failures can cause loss if exploited, and high volatility can trigger liquidations. Lending 2.0 also exposes BTC suppliers to Bitcoin reorg risk via the Boost integration. That risk has always applied to standalone Boost depositors, and Chainflip has lost zero deposits to BTC reorgs since Boost launched two years ago. DeFi always involves potential loss of funds, so use the product responsibly.

Do I need to do anything to migrate my position?

No. All existing loans and supplied balances moved to Lending 2.0 automatically. One thing to check: Auto-Topup has been removed, so if you previously relied on it to manage your LTV, review your position and top up manually if needed.

Do I need to do anything to migrate my position?

You can find detailed information in several places:

Lending Documentation: Protocol guides, interest rates, collateral & liquidations

Bitcoin-Backed Loan Use Cases: Explore practical scenarios for using native BTC lending

Native BTC Lending Explained: Deep dive into cross-chain liquidity and native Bitcoin loans

Chainflip Lending Full Release: Read about the release to public.

Where can I learn more about lending?

You can find detailed information in several places:

Lending 2.0 Launch: What's new with Supply-as-Collateral and Boost yield for BTC suppliers

Lending Documentation: Protocol guides, interest rates, collateral & liquidations

Bitcoin-Backed Loan Use Cases: Practical scenarios for using native BTC lending

Native BTC Lending Explained: Deep dive into cross-chain liquidity and native Bitcoin loans

Where can I learn more about lending?

You can find detailed information in several places:

Lending Documentation: Protocol guides, interest rates, collateral & liquidations

Bitcoin-Backed Loan Use Cases: Explore practical scenarios for using native BTC lending

Native BTC Lending Explained: Deep dive into cross-chain liquidity and native Bitcoin loans

Chainflip Lending Full Release: Read about the release to public.

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