What Is Everlend?
Everlend is a decentralized lending and borrowing aggregator fully integrated with all major money markets on Solana. It offers users the best yields and interest rates available on the market without the need for constant portfolio monitoring or concern over rate optimizations. This is made possible by Everlend’s rebalancing and refinancing algorithms, which automatically move deposits and loans to ensure the best performance for each position.
Background
The platform is the creation of Attic Lab and Delphi Digital, both highly experienced in creating Defi products.
How It Works
Many money markets on Solana offer borrowing/lending services, with some Ethereum protocols planning to port their solutions to Solana. This results in a challenge for users to choose the most suitable protocol. Everlend addresses this issue by providing an aggregation service, similar to Yearn Finance, but also offering loan optimization, a feature not provided by most dApps.
Everlend optimizes deposits and loans, offering the best yields on deposits and the lowest rates on borrows. As market parameters change and new markets appear, Everlend continually rebalances and refinances to optimize the user’s position. It supports any liquidity token or collateral supported by the underlying platforms. Additionally, user deposits and loans can be processed through 2 or more different money markets to maximize gain. All the underlying money markets are assessed and scored, and this score is critical in deciding how much liquidity should be assigned to a particular lending protocol.
Key Takeaways
1. Everlend is a decentralized lending and borrowing aggregator that works with all significant money markets on Solana.
2. It offers users the best yields and interest rates on the market and automatically optimizes portfolio performance.
3. Attic Lab and Delphi Digital created the platform; both are experienced in creating Defi products.
4. Everlend provides an aggregation service, optimizing deposits and loans for the best yields and lowest rates.
5. It supports any liquidity token or collateral supported by the underlying platforms and can process deposits and loans through multiple money markets to maximize gain.
