Everlend — the meta lending protocol

After weeks of market assessment and discussions with various stakeholders we are excited to announce that we will slightly pivot our focus and put all efforts into building a yield aggregator for all money markets built on Solana. Don’t worry, our goal of developing a cross-chain lending protocol remains unchanged and will be materialized shortly after.

Our team is determined to make Everlend the go-to meta lending protocol for the Solana ecosystem. Meta stands for “above” or “beyond”, because we envision our final product to be much more than just a money market.

Why do we need a yield aggregator?

In our opinion this abundance might make it very difficult for the average user to decide which is the most suitable one. DeFi users have to be aware of all the different deposit yields and borrow interest rates, TVL requirements, levels of trust and risk and continually monitor them to rebalance their position if necessary.

Our goal has always been to add as much value as possible to the Solana ecosystem and provide the most secure platform with the best opportunities and user experience. With a yield aggregator we think we can combine all of those positive attributes and at the same time tap into a very exciting niche.

The team has now shifted all efforts into conceptualizing and developing a lending and borrowing aggregator that will be integrated with all major money markets on Solana. Everlend will provide its users with the best yields and rates available at all times.

Liquidity / loan aggregation and optimization — You always get the best deal for your deposit

Rebalancing is basically liquidity aggregation and optimization. You always get the best yield for providing liquidity. Refinancing means loan optimization. Loans are refinanced and moved between protocols to ensure the user pays the lowest interest on the market.

For more in-depth information and technical details on how refinancing and rebalancing on Everlend works you can read our Litepaper, which will be released in the coming weeks.

Our developer team takes into account and utilizes the experience and achievements of other DeFi protocols like Uniswap, Compound, Sushi, Curve, Yearn Finance, etc. However all the smart contracts are created from scratch specifically designed for Everlend to build something truly unique and special.

In this regard we would like to highlight the longevity of our project and the ambition to innovate the whole DeFi space.

After releasing our lending and borrowing aggregator we will gradually enhance our platform and add some more exciting features and unique functionalities that the market hasn’t seen thus far.

Our roadmap will be updated soon and shed more light on our vision and plans for the future of Everlend.

Thank you,

Your Everlend Team

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Decentralized, cross-chain lending protocol with yield farming and liquid staking powered by Solana and built by Attic Lab and Everstake.