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ANVIL’s lending protocol lets users create markets, provide liquidity and borrow against collateral. Each ANVIL pool holds its own liquidity, supplied by its liquidity providers.

Provide liquidity

Supply a pool’s assets and receive the corresponding LP position.

Borrow

Deposit collateral and borrow within the market’s limits.

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Permissionless market creation

The lending programs and governance are initialized on mainnet. Users and projects can create markets through ANVIL’s market-creation flow. ANVIL does not have to seed every market. The first liquidity provider still supplies real assets: creating an empty market cannot create borrowable liquidity.

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Where your assets go

Liquidity and collateral deposits move into program-controlled vaults. Withdrawals follow the pool’s available liquidity, your position, outstanding debt, and token transfer rules. This differs from compounding, where the principal coin stays in your wallet.

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Understand the position

LP returns and borrowing rates vary. Asset prices, utilization, pool accounting, and issuer restrictions can affect results. Borrowing introduces liquidation risk. A listed or permissionlessly created pool is not an endorsement of its tokens. See fees and security before depositing.