Networks

Aave is a multichain non-custodial lending protocol for supplying, borrowing, and earning interest. The Aave DAO governs parameters, listings, and emissions; Aave Labs is the primary development company.

Boros is a venue for trading interest rates directly, letting a user lock a funding rate or yield rate for a period, which converts a floating exposure into a fixed one. DefiLlama assigns it the category "Interest Rate Derivatives" (DefiLlama API, 26 Jul 2026).

Centrifuge tokenizes illiquid real-world business assets (invoices, mortgages, trade finance) through bankruptcy-remote SPV structures. DROP/TIN senior-junior tranche tokens link legal collateral to on-chain investors; JAAA and JTRSY add tokenized CLO and Treasury exposure.

Clearpool runs institutional uncollateralized lending: whitelisted institutional borrowers access dynamic-rate pools where utilization sets interest. It introduced 'Credit Vaults' for permissioned single-borrower exposure; cpUSD is tied to Credit Vault yields.

Compound is one of the original DeFi lending protocols. Compound III simplifies each market to a single borrowable base asset with other assets posted purely as collateral.

Contango builds looped positions by borrowing on an underlying money market and re-supplying, so a user gets levered exposure to a rate or yield spread without managing the loop. The $44,266,567 of borrowed notional against roughly $5.49m of net supplied TVL is the signature of a looping product (DefiLlama API, 26 Jul 2026).

cSigma runs permissioned institutional credit pools where verified borrowers draw against LP capital, which the brief's Lending definition explicitly covers under "permissioned/undercollateralised desks". DefiLlama classifies it as RWA Lending (DefiLlama API, 26 Jul 2026).

Curve Finance issues crvUSD and savings crvUSD (scrvUSD), an overcollateralized dollar using the LLAMMA soft-liquidation AMM.

DeltaPrime issues undercollateralised "prime accounts" that let a user borrow multiples of deposited capital and deploy the proceeds into farming strategies, which is textbook leverage farming. DefiLlama classifies it as Leveraged Farming (DefiLlama API, 26 Jul 2026).

Dolomite is a variable-rate overcollateralised money market whose distinguishing feature is that collateral keeps its native rights (staking, vesting, governance) while pledged, so users borrow against assets that continue to earn. DefiLlama classifies it as Lending with $274,263,180 borrowed against $247.92m supplied (DefiLlama API, 26 Jul 2026).

Euler V2 is a modular lending kernel: anyone can deploy an isolated vault with its own oracle, LTV and interest-rate model, and link vaults into borrowable clusters. It is a money market in the strict sense, with $602,588,217 borrowed as of 26 July 2026 (DefiLlama API).

Exactly runs paired variable-rate and fixed-rate pools, where the fixed-rate side offers borrowing and lending at a rate locked to a specific maturity date. Documented at docs.exact.ly. DefiLlama classifies it as Lending (DefiLlama API, 26 Jul 2026).

Extra Finance combines a lending market with leveraged LP farming, letting users lever up liquidity positions on Optimism and Base DEXes.

Fira issues Bond Tokens and Coupon Tokens against lending positions, splitting a loan into a principal claim and a yield claim with a defined term, which is yield tokenisation with maturity. Contracts and audits are registered at docs.fira.money. DefiLlama classifies it as Lending (DefiLlama API, 26 Jul 2026).

Fluid (formerly Instadapp) combines lending, vaults and DEX liquidity through a shared liquidity layer, so the same capital can support lending and trading.

Gearbox is a generalized leverage protocol: users open Credit Accounts to borrow against collateral and deploy leveraged positions into integrated DeFi strategies (Curve, Convex, Lido, Yearn).

Goldfinch provides uncollateralized crypto loans to real-world businesses in emerging markets via 'trust through consensus': human backers assess borrower creditworthiness instead of crypto over-collateralization. It pivoted to institutional-grade 'Goldfinch Prime' private-credit funds in 2024. FIDU is the senior-pool LP token.

Inverse Finance issues DOLA, an overcollateralized decentralized stablecoin, alongside INV governance and FiRM fixed-rate lending markets.

JustLend DAO is the dominant pooled money market on Tron, especially for USDT lending, and part of the broader JUST ecosystem.

Kamino Finance is a major Solana lending and liquidity protocol where markets and vaults are separated by asset, risk profile and strategy.

Liquity issues LUSD (V1, zero-interest) and BOLD (V2, user-set rates and multi-collateral), fully decentralized overcollateralized dollars.

Maple Finance runs onchain lending pools to vetted borrowers (institutions, funds and businesses), closer to a blockchain-based credit marketplace than open overcollateralized DeFi lending.

Morpho is a lending protocol built around Morpho Blue, a minimal primitive for creating isolated markets, with MetaMorpho vaults that allocate deposits across those markets through risk curators.

Native Credit Pool is a lending venue where liquidity providers supply capital and market makers borrow against it, which makes it an undercollateralised or partially collateralised institutional lending desk rather than a spot venue. DefiLlama classifies it as Lending with an explicit borrowed figure of $18,380,177 (DefiLlama API, 26 Jul 2026). It is one of only two non-excluded credit protocols with live TVL on Robinhood Chain.

Notional provides fixed-rate, fixed-term lending and borrowing via fCash: tokenized claims on a fixed amount of an asset at a future maturity, traded on an on-chain AMM.

Origami automates folded, or looped, positions in yield-bearing tokens: the vault repeatedly deposits a yield-bearing asset as collateral, borrows against it and re-buys the asset, delivering multiplied exposure to the underlying yield. Borrowed notional of $67,218,878 exceeds supplied TVL of $49.39m, the arithmetic signature of a folded position (DefiLlama API, 26 Jul 2026). DefiLlama classifies it as Leveraged Farming.

Pendle tokenizes yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), creating an on-chain market for fixed-rate yield and yield speculation/hedging. Pendle V2's specialized AMM and vote-escrowed vePENDLE coordinate liquidity across dozens of maturity-dated yield markets, and Boros extends the model to funding-rate trading.

Radiant Capital is a cross-chain money market that lets users deposit on one chain and borrow on another, unifying fragmented liquidity through LayerZero.

Sense Finance is a yield-stripping protocol that decomposes yield-bearing assets into zero-coupon Principal Tokens and Yield Tokens for fixed-rate and yield-trading use cases. Verify on-chain activity before relying on it.

Sky (formerly MakerDAO) is the largest decentralized stablecoin issuer, managing USDS, sUSDS, legacy DAI, stUSDS, and the SKY governance token.

Spark is a lending system built mainly around stablecoin liquidity, borrowing and yield (SparkLend + Spark Savings), routing USDS/DAI liquidity from the Sky/Maker ecosystem at scale.

Spectra (formerly APWine) is a permissionless interest-rate derivatives protocol: any yield-bearing asset can be split into principal and yield tokens to trade fixed and variable rates.

Steakhouse is a risk curator: it underwrites collateral, sets loan-to-value parameters and allocates depositor stablecoins across overcollateralised lending markets, which is the economic core of a money market even though the matching engine belongs to Morpho and Euler. DefiLlama classifies it under "Risk Curators" per the DefiLlama API, but the product a depositor buys is a variable-rate overcollateralised lending position. It is the single most important non-Morpho credit actor on Robinhood Chain because it curates the vaults behind Robinhood Earn per Morpho's announcement.

Stella (formerly Alpha Homora) offers leveraged yield strategies with a pay-as-you-earn borrowing model: borrowers pay 0% interest and instead share a portion of realized profit with lenders.

T3tris is permissionless asynchronous ERC-4626 vault infrastructure on which strategies, including levered ones, are deployed, and DefiLlama classifies it as an "Onchain Capital Allocator" rather than a lender (DefiLlama API, 26 Jul 2026). Tag fit is partial and should be treated as provisional: it is included here because it is the only non-excluded protocol with meaningful live Robinhood Chain TVL that sits in the levered-strategy stack, not because a leverage mechanism was confirmed from a fetched page. No page fetched in this session states a maximum leverage figure for T3tris.

Term Finance runs sealed-bid, weekly, fixed-rate auctions that clear lenders and borrowers at a single rate for a defined term, issuing Term Repo Tokens that behave like zero-coupon instruments. This is the closest on-chain analogue to a repo market. Documented at docs.term.finance.

TermMax issues fixed-rate, fixed-maturity credit through paired Fixed Tokens and eXtra Tokens, with a Gearing Token representing the leveraged borrower side, so both lenders and borrowers lock a rate to a date. The design is reviewed independently in Statemind's survey of fixed-rate DeFi designs. DefiLlama classifies it as Lending with $26,293,799 borrowed (DefiLlama API, 26 Jul 2026).

USD.AI is a DeFi credit + synthetic dollar protocol for AI infrastructure financing.

Venus is a major pooled money market, strongly associated with BNB Chain, that also issues the VAI stablecoin and supports cross-chain XVS.

Yield Basis takes a Curve BTC/crvUSD liquidity position and levers it roughly 2x with borrowed crvUSD so that the levered LP's value tracks the underlying asset rather than the square root of price, which is levered exposure to an LP yield source. The mechanism is set out in the Yield Basis how-it-works documentation and analysed independently in Statemind's teardown of how YieldBasis really works. DefiLlama classifies it as Leveraged Farming (DefiLlama API).