Introduction to Superlend

What is Superlend?

Superlend is not just another DeFi protocol; it's an all-in-one lending and borrowing aggregator that integrates multiple money markets across various blockchains. Starting with our Etherlink market, we aim to provide the highest yields and the most competitive borrowing rates by aggregating liquidity and opportunities from over 30 leading DeFi protocols across multiple blockchains.

Why Superlend?

Superlend is designed to simplify and maximize your DeFi experience. Whether you're looking to earn yield or access liquidity, our platform allows you to interact with a wide array of markets and protocols all in one place. By aggregating the best opportunities across Ethereum, Arbitrum, Optimism, Base, and more, you will always get the most value for your assets.

Our protocol is fully open-source, enabling anyone to interact with a user interface client, API, or directly with the smart contracts on the network. This open-source nature empowers developers to build third-party services or applications that interact with the protocol, enhancing the overall ecosystem.

What are Superlend Markets?

Superlend money markets facilitates the efficient exchange of capital between lenders and borrowers in a decentralized, transparent, and permissionless environment. These are essentially lending and borrowing protocols deployed on different chains and maintained by Superlend. Our first money market is deployed on Etherlink, which is a fork of battle tested Aave V3 protocol. Superlend Etherlink market is officially being recognized by Aave community as well.

How do I interact with Superlend Markets?

To interact with Superlend Markets, simply supply your preferred asset and amount. By supplying assets, you can earn passive income based on the market borrowing demand. Additionally, supplying assets allows you to borrow by using your supplied assets as collateral. The interest you earn from supplying funds helps offset the interest rate you accumulate by borrowing.

What is the cost of interacting with Superlend Markets?

Interacting with the protocol incurs transaction fees on Etherlink, which depend on the network status and transaction complexity.

Where are my supplied funds stored?

Your funds are allocated within a smart contract on Etherlink. The smart contract code is public, open-source, formally verified, and audited by third-party auditors. You can withdraw your funds from the pool on-demand or export a tokenized version of your lender position. These tokenized assets (slTokens) can be moved and traded like any other cryptographic asset on Etherlink.

Is there any risk?

No platform can be considered entirely risk free. The risks related to the Superlend platform are the smart contract risk (risk of a bug within the protocol code) and liquidation risk (risk on the collateral liquidation process). Every possible step has been taken to minimise the risk as much as possible-- the protocol code is public and open source and it has been audited.