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Top Lending & Borrowing Protocol Tokens by Market Capitalization

Lending and borrowing protocols are core DeFi applications that allow users to supply assets for yield or collateralize them for cryptocurrency loans. These permissionless networks use smart contracts to automate interest rates based on real-time supply and demand dynamics. Native tokens are generally utilized for decentralized governance, revenue sharing, and incentivizing protocol liquidity.

Tradable Crypto

Category

Lending/Borrowing Protocols

Smart Contract Platform

Layer 1 (L1)

Proof of Work (PoW)

Other Crypto

New Crypto

#
Coin
Price
Last 7 Days
Action
51
Pixie Dust
Pixie Dust
DUST
$ 0.03112275
0.00%
-0.13%
-24.69%
$ 93.84K
$ 8.33K
52
Pike Finance
Pike Finance
P
$ 0.00036124
0.00%
--
-0.58%
$ 83.12K
$ 9.24
53
ZeroLend
ZeroLend
ZERO
$ 6.9118E-7
-0.71%
0.00%
-0.45%
$ 57.67K
--
54
Paystream
Paystream
PAYS
$ 0.01899396
0.00%
--
-29.07%
$ 27.86K
$ 1.56
55
Magnify Cash
Magnify Cash
MAG
$ 2.208E-5
0.00%
0.00%
+4.35%
$ 17.87K
--
56
Mendi Finance
Mendi Finance
MENDI
$ 0.00032061
0.00%
--
-0.90%
$ 17.75K
$ 17.75
57
Quiver Money
Quiver Money
QUIVER
$ 1.681E-5
-0.06%
-6.48%
+15.61%
$ 16.81K
--
58
Nolus Protocol
Nolus Protocol
NLS
$ 0.003424
-0.61%
+3.11%
+20.49%
--
$ 18.66M
59
Kaskad
Kaskad
KSKD
$ 0.001187
+0.17%
+0.17%
+0.68%
--
$ 33.19M
60
Cap
Cap
CAP
$ 0.0455
+0.11%
+2.78%
-1.26%
--
$ 1.28M
61
Ice Open Network
Ice Open Network
ION
$ 0.00009335
+0.21%
-0.21%
-1.58%
--
$ 18.76M
62
Neptune
Neptune
XNT
$ 0.1601
-0.06%
-0.19%
+0.57%
--
$ 99.14K
63
Folks Finance
Folks Finance
FOLKS
$ 1.9717
-0.21%
-0.23%
-0.82%
--
$ 57.00K
64
TermMax
TermMax
TMX
$ 0.03092
+1.02%
-9.90%
-42.56%
--
$ 2.46M

Frequently Asked Questions

How do decentralized lending and borrowing protocols function without traditional banks?
Decentralized lending protocols function via smart contracts that pool liquidity from depositors and automatically match them with borrowers, eliminating the need for banking intermediaries and credit checks.
What is over-collateralization in decentralized finance (DeFi) lending?
Because DeFi is largely anonymous, over-collateralization requires borrowers to deposit assets worth more than the value of the cryptocurrency they wish to borrow. This guarantees that lenders will always be repaid even if the borrower defaults.
How are interest rates determined on cryptocurrency lending protocols?
Interest rates on cryptocurrency lending protocols are determined algorithmically in real-time based on the utilization rate of the liquidity pool. High borrowing demand automatically triggers higher interest rates to attract more depositors.
What role do liquidation mechanisms play in securing DeFi borrowing platforms?
Liquidation mechanisms protect the protocol's solvency. If the value of a borrower's collateral drops below a specific threshold due to market volatility, smart contracts automatically sell the collateral to repay the debt and protect the lenders.

Disclaimer

The inclusion of digital assets in the Lending/Borrowing Protocols sector, along with the classification rules and market data, are sourced from independent third parties. Listing a token in this category does not constitute an endorsement, guarantee, or investment recommendation by MEXC. All content is for informational purposes only. Cryptocurrency prices are subject to market fluctuations; please conduct your own research (DYOR) and trade cautiously.