Swaylend is a decentralized lending platform allowing Fuel users to lend, borrow, and earn profits on their base assets
What is Swaylend?
Swaylend is a lending and borrowing protocol on Fuel network. This platform is a fork of Compound V3, and it works with the same logic, but on a Sway programming language. Swaylend offers users to play with their base assets on different markets, lending them and earn profits, or borrow them and pay interest.
How do base asset markets work?
There are one base asset for each market: USDC for USDC market, ETH for ETH market, etc. You can't lend and borrow asset on the same market simultaneously, but you are able to make different positions on different markets.
Swaylend advantages
The main advantage of the Swaylend now is the fact that it is the first lending protocol on Fuel. In addition, the team is proud of the platform's high speed and affordable costs for lending and borrowing.
