Somnia Lend

Somnia Lend is a lending market on Somnia, built on the Aave v3 design. Users supply assets to pooled markets to earn interest, and borrow against supplied collateral.

How it works

1. Supply. Deposit an asset into its pool and receive a position that accrues interest.
2. Use as collateral. Enable supplied assets as collateral.
3. Borrow. Borrow up to the market's loan-to-value limit, at a variable rate.
4. Manage. Repay or add collateral. Positions past their liquidation threshold are liquidated onchain.

Details

• Pooled markets. One liquidity pool per asset.
• Variable rates. Interest rates move with each pool's utilisation.
• Price feeds. Collateral is valued with Somnia Price Feeds.
• Liquidations. Liquidations run onchain under the Aave v3 rules.