Lending on Lux

Borrow against yield.
The yield repays the loan.

Liquid is a self-repaying lending engine on Lux. Deposit a yield-bearing asset, mint synthetic LETH, and let the collateral's yield retire the debt — no liquidation spirals, no manual repayments.

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How it works

Full mechanics →

01
Deposit
Lock yield-bearing collateral (wstETH, sfrxETH, weETH, sDAI, …) and receive an ERC-721 position NFT.
02
Mint
Borrow synthetic LETH up to the collateralization floor. LETH is transferable and 1:1-pegged.
03
Self-repay
Yield from your collateral is harvested into the Transmuter, burning your debt over time.