About Nearlend DAO
What is Nearlend DAO and how does it work? What are the key features and benefits of Nearlend DAO? How can I learn more about Nearlend DAO and stay up-to-date?
Nearlend is a NEAR Protocol-based, open-source money market protocol aimed at establishing
liquidity pools whose interest rates are determined by an algorithm based on the supply and
demand. Supplier supply assets to the liquidity pool to earn interest, while borrowers take a
loan from liquidity pool and pay interest on their debt. In essence, Nearlend bridges the gaps
between lenders who wish to accrue interest from idle funds and borrowers who want to borrow
funds for productive or investment use.
