Best Crypto Lending (DeFi) Platforms for Solong

Jet is a decentralized borrowing protocol that lends and borrows on Solana. It is designed for speed, power and scalability. We are here to add fuel to the DeFi revolution. The native token of the protocol will innovate on existing governance models, skewing towards community ownership. This governance-first approach focuses on building a community that can research, design, implement and monitor useful lending products. Jet users can borrow against uncollateralized debt positions and may incur debt upto governance mandated debt ratios. External actors can liquidate a user's position if the value of their deposited collateral falls below the specified ratio. This includes traders and any other users who have the ability to call the smart contract. Jet will also be able to lend and create secondary interest rate products on Serum. It will also facilitate community-driven lending product research and development.

The Parrot Protocol, a DeFi network built upon Solana, will include the stablecoin PaI, a non custodial lending market, as well as a margin trading platform vAMM. All these use cases are designed to solve a single problem: making value in DeFi systems available. Today, billions of dollars worth of value are locked away in hundreds of DeFi systems. These tokens can be converted into different yield-generating tokens such as the Uniswap LP tokens or the AAVE interest bearing tokens. These LP tokens have very few uses. Because of their opaque risks and unsuitable units of account, the value locked in DeFi as DeFi LP tokens is inaccessible. The Parrot Protocol aims to make the value in LP tokens more accessible by creating a liquidity & loan network that is collateralized by these LP coins. Create a margin trading product (virtual AMMM) using PAI for the common unit.

Port Finance is a protocol for non-custodial money markets on Solana. Its goal is to bring a complete range of interest rate products to the Solana Blockchain, including fixed rate lending, variable rate lending, and interest rate swap. Variable interest rates are currently offered by the current variable rate product. They are based on supply and demand, cross collateral lending, as well as flash loans. Port Finance is the liquidity gateway for Solana DeFi. It offers a simpler user interface, lower collateral requirements, and adjustable liquidation thresholds that are based on liquidity and volatility. Port's native token allows users to participate in governance as well as share in the protocol fees derived by all protocol products.

The dApp (decentralized app) is designed to make use of Solana’s low-cost, high efficiency blockchain. This allows vault strategies to compound often. Farmers will benefit from higher APYs and less active management. Leveraged yield farming and lending pools were also integrated into the platform. This allows users to make an investment with acceptable risk rewards. There are currently three types of yield products offered by Tulip Protocol: "Vaults", lending, and "Leveraged Farming". You can jump to the section of the gitbook that is relevant to you.