# Somnia Lend

> A lending market on Somnia, built on the Aave v3 design: supply assets to earn interest, and borrow against collateral.

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](/data/price-feeds).
- **Liquidations.** Liquidations run onchain under the Aave v3 rules.

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