Chainflip Lendingon LeoDex · native BTC · ETH · SOL · USDC · USDT

Chainflip lending is a native crosschain lending protocol on the Chainflip State Chain. You supply BTC, ETH, SOL, USDC or USDT directly from their own blockchains — no wrapped tokens or bridges — to earn interest, and you can borrow against what you supplied. LeoDex is a third-party interface to it; the protocol, vaults and rates are Chainflip's.

Yes. Deposits are held in Chainflip's threshold-signed vaults controlled by its validator set, and every supply, borrow, repay or withdrawal is a message you sign with your own wallet. LeoDex never holds funds and cannot move them; if leodex.io disappeared you could manage the same position from Chainflip's own app.

Today: BTC (Bitcoin), ETH, USDC and USDT (Ethereum) and SOL (Solana). Any of them can be supplied to earn, and any pool with available liquidity can be borrowed from — most borrowers take USDC or USDT against BTC or ETH. Chainflip adds markets over time; the table on this page always shows the live set.

Borrowers pay interest set by each pool's utilisation curve; that interest is shared across suppliers, and BTC suppliers also earn Boost fees. LeoDex shows the trailing 7-day realised rate from Chainflip's indexer — the same figure lp.chainflip.io shows — with the instantaneous curve rate underneath when it differs. It is a realised number, not a projection.

No. Since Chainflip Lending 2.0 everything you supply is automatically your collateral. Supply BTC or ETH, then borrow USDC or USDT up to 80% loan-to-value against it while the supplied balance keeps earning. Repay part or all of a loan at any time; interest accrues in the borrowed asset every 10 blocks.

Loan-to-value is your debt divided by the oracle value of your supplied collateral. New loans can take LTV up to 80%. If prices move against you, soft liquidation begins trimming the position at 90% and hard liquidation at 95%. Liquidations sell just enough collateral to bring LTV back under target and charge a 0.05% fee.

Supplying is free. Borrowing pays the pool interest rate plus a 0.01% origination fee on the amount borrowed; Chainflip can also route a slice of interest to the network (currently 0%). Liquidations charge 0.05% of the collateral sold. LeoDex adds 25 bps (0.25% APR) as a broker fee on loans opened here — visible in the borrow dialog and never applied to supply.

No account and no identity checks. You connect an EVM wallet (MetaMask, Rabby, Coinbase Wallet, Keplr and others), register it once as a Chainflip State Chain account, and sign actions with it. LeoDex has no user accounts of any kind.

Any EVM wallet that supports EIP-712 typed-data signing. Chainflip's State Chain accepts these signatures directly ("non-native signed calls"), so no Polkadot wallet is needed. Registering a State Chain account requires a small one-time FLIP deposit through Chainflip's gateway contract; LeoDex walks you through it in the onboarding dialog.

Deposits are credited after Chainflip's finality window on the source chain — roughly a few minutes for Ethereum and Solana and around 30 minutes for Bitcoin. Withdrawals are broadcast from Chainflip's vaults on the destination chain and usually arrive within minutes; Bitcoin withdrawals take longer.

Supplied BTC also funds Chainflip Boost, which fronts liquidity so Bitcoin swappers don't wait for full confirmations, and earns extra fees for doing so. The trade-off is exposure to a Bitcoin chain reorganisation reversing a boosted deposit — rare, but real. Only BTC carries this; other assets earn lending interest alone.

Yes, subject to two limits: the pool must have that much un-borrowed liquidity, and if you have an open loan you can only withdraw the part of your supply that keeps your LTV under target. Withdrawn assets land in your State Chain balance; from there send them to any Ethereum, Bitcoin or Solana address.

Chainflip enforces a minimum supply of about $100 and a minimum loan of about $100, with a smaller minimum for adjustments. There is no maximum, but each pool has a utilisation cap that stops new borrowing when the pool is nearly fully lent.

Only through the 25 bps APR broker fee attached to loans opened on LeoDex, paid periodically out of the pool like other interest. Nothing is charged for supplying, depositing or withdrawing, and rates shown are the protocol's own.

Yes. LeoDex is a crosschain swap aggregator, so you can swap into native BTC, ETH, SOL, USDC or USDT from 40+ chains at the best available route, then deposit and supply it on this page. Swaps and lending settle to your own wallet and State Chain balance — nothing is custodied by LeoDex.

Aave and Compound live on a single EVM chain and lend wrapped or bridged versions of BTC and SOL. Chainflip lending takes native BTC on Bitcoin and native SOL on Solana as collateral, and pays out to any chain, because Chainflip's validators custody the vaults on each chain directly. The cost is a smaller, younger market with fewer assets.