Everything you need to use LendifyLab.

LendifyLab is a decentralized lending and borrowing protocol built on Solana. It allows you to earn yield by depositing crypto assets, or borrow against your holdings at competitive interest rates — all without intermediaries.

1. 1Connect a Solana-compatible wallet (Phantom, Solflare, Backpack…).
2. 2Deposit assets into one of the supported lending pools.
3. 3Start earning interest immediately — rates adjust dynamically based on utilization.
4. 4Optionally, use your deposits as collateral to borrow other assets.

To interact with LendifyLab you need a Solana wallet. We support all major wallet adapters:

• Phantom
• Solflare
• Backpack
• Torus
• Ledger (via Phantom)

Click "Connect Wallet" in the top-right corner. Select your wallet provider and approve the connection. Once connected your address will appear in the header and you can access the Dashboard.

Depositing (also called supplying) assets into LendifyLab earns you interest. When you deposit, you receive cTokens (collateral tokens) that represent your share of the pool. These accrue value over time.

How to deposit

1. 1Navigate to Dashboard → Markets.
2. 2Select the asset you want to supply (e.g. SOL, USDC).
3. 3Enter the amount and click "Deposit".
4. 4Approve the transaction in your wallet.
5. 5You will receive cTokens representing your deposit.

Withdrawing

You can withdraw at any time by redeeming your cTokens. Go to your Portfolio and click "Withdraw" on the asset you wish to redeem. You receive the original asset plus all accrued interest.

Borrowing lets you take out a loan against your deposited collateral. This is useful for leveraging positions, accessing liquidity without selling, or hedging.

How to borrow

1. 1Ensure you have deposited collateral-eligible assets.
2. 2Go to Dashboard → Borrow.
3. 3Choose the asset you want to borrow and enter the amount.
4. 4Review your Health Factor — keep it above 1.0 to avoid liquidation.
5. 5Confirm and approve the transaction.

Each asset on LendifyLab has a Collateral Factor — the maximum percentage of deposited value that can be borrowed against.

Example: If you deposit 10 SOL (≈ $1,500) with a 75% collateral factor, you can borrow up to $1,125 worth of other assets.

LendifyLab uses a dynamic interest rate model inspired by Aave and Compound. Rates adjust automatically based on the utilization rate of each pool.

Supply APY = Borrow APY × Utilization Rate × (1 − Reserve Factor). The protocol retains a small Reserve Factor to fund the Insurance Pool.

LEND is the native governance and utility token of LendifyLab.

LendifyLab is governed by LEND token holders through an on-chain proposal and voting system.

Proposal lifecycle

1. 1Any holder with ≥ 1,000 LEND can submit a Governance Proposal.
2. 2A 3-day discussion period begins on the forum.
3. 3If quorum is met (5% of circulating LEND), voting opens for 5 days.
4. 4Simple majority wins. A 48-hour timelock applies before execution.

During the testnet phase, governance is simulated. The demo dashboard lets you preview active proposals and cast non-binding votes.

Liquidation occurs when a borrower's Health Factor drops below 1.0. This means the collateral no longer sufficiently covers the debt.

How it works

1. 1Market movements cause collateral value to drop (or debt value to rise).
2. 2Health Factor = (Collateral × Liquidation Threshold) / Debt.
3. 3When HF < 1.0, external liquidators can repay up to 50% of the borrower's debt.
4. 4Liquidators receive the equivalent collateral plus a 5% bonus.
5. 5The remaining collateral is returned to the borrower.