# Lending (Deprecated)

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**THORChain Lending Vaults update:**\
As of January 24th, 2025 THORChain Node Operators have voted to temporarily pause Lending operations (borrow and repay) - more information here: <https://x.com/THORChain/status/1883285909426315444>

Following the default of the THORFi Lending and Savers (Earn) products in 2025, THORChain protocol has undertaken a multi-phase effort to restructure and resolve outstanding claims. **For more context, please see:** [**THORFi Unwind**](https://medium.com/thorchain/thorfi-unwind-96b46dff72c0) **article and** [**claim your $TCY token**](/thorswap/ecosystem/thorchain/tcy.md)**.**
{% endhint %}

With the activation of Lending on THORChain comes a transformative step in decentralized finance — users can now lend their Layer 1 assets like BTC and ETH and sborrow 1,000+ assets cross-chain via a USD-denominated debt with unprecedented terms:

✅ **0%** **Interest**: goodbye to hefty interest rates.\
✅ **No Liquidations**: your collateral will not be seized or sold.\
✅ **No Expiry**: keep your loan for as long as you like.

Whether you’re an experienced DeFi user or just starting to explore the exciting world of blockchain, THORChain Lending offers a revolution in ease and security. Visit 👉 <https://app.thorswap.finance/lending> to get started.

{% content-ref url="/pages/adIXfMexeavnGOGTv2Fc" %}
[Lending Design](/thorswap/ecosystem/thorchain/archived/lending-deprecated/lending-design.md)
{% endcontent-ref %}

{% content-ref url="/pages/jWJXboqFjbmD4nrlQTF2" %}
[How to Lend](/thorswap/ecosystem/thorchain/archived/lending-deprecated/how-to-lend.md)
{% endcontent-ref %}

{% content-ref url="/pages/dsxXYEAWhrbvWmL7grvj" %}
[Lending FAQs](/thorswap/how-tos/frequently-asked-questions/lending-faqs.md)
{% endcontent-ref %}

***

### Lending Basics

The amount of **debt** borrowers receive in proportion to assets provided (**collateral**) is based on the **Collateralization Ratio** (CR). Depending on market conditions CR can range from 200% to 500%.&#x20;

**For Example:**&#x20;

> *If **CR = 200%**, you must supply $200 worth of $BTC as collateral to borrow $100 USDC.*
>
> *If **CR = 300%**, you must supply $300 worth of $BTC as collateral to borrow $100 USDC.*

**Therefore:**

> ***CR 200%** = 50% LTV (Loan-to-Value Ratio)* \
> \&#xNAN;***CR 300%** = 33.33% LTV (Loan-to-Value Ratio)*

and so on.

**Higher CR means users need to supply more collateral against the borrowed asset.**&#x20;

Debt is denominated in **TOR**, a USD equivalent. Debt can be repaid in any THORChain-supported asset, including stablecoins.

**Loans have a minimum period of 30 days.** Borrowers can repay their debt at any time after 30 days and receive their collateral back. Partial repayments are possible, however the collateral will not be released until debt is fully repaid.

Lending is now available for **ETH** and **BTC** as collateral, with more options such as BNB, BCH, LTC, ATOM, AVAX, and DOGE coming soon.

You can borrow any asset supported by THORSwap — including 1,000+ ERC-20 tokens on Ethereum and Avalanche via DEX Aggregation. Just like a cross-chain swap, you’ll receive the asset you want to your wallet on the correct chain in one seamless transaction.


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