> For the complete documentation index, see [llms.txt](https://docs.onre.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.onre.finance/onyc-in-defi/defi-opportunities/lending-and-borrowing.md).

# Lending and Borrowing

Lending and borrowing allow ONyc holders to increase capital efficiency without selling their underlying position. By supplying ONyc or other supported assets to integrated lending markets, users can earn lending yield, while borrowers use eligible collateral to access liquidity for trading, leveraged strategies, hedging, liquidity provision, or other DeFi applications.

Borrowing is secured through overcollateralization, meaning the value of deposited collateral must exceed the value of the borrowed assets. ONyc is supported as collateral across multiple integrated lending protocols, enabling holders to access liquidity while maintaining exposure to the underlying asset. Borrowing terms, interest rates, accepted collateral, loan-to-value (LTV) limits, and liquidation thresholds are determined by the lending protocol being used.

### Lending

Users can supply supported assets to OnRe Markets, where they become available for borrowing by other users. In return, suppliers earn lending yield generated from borrower interest payments while retaining ownership of their deposited assets.

### Borrowing

Users can borrow supported assets by posting eligible collateral to an integrated lending market. Borrowing capacity is determined by the value of the collateral and the protocol's risk parameters, including maximum loan-to-value (LTV) limits and liquidation thresholds. Borrowers retain ownership of their collateral, provided their position remains above the required collateral thresholds.

### Risks

Borrowing positions may be liquidated if their loan-to-value (LTV) exceeds the protocol's liquidation threshold due to changes in collateral value, debt value, or accrued interest. Borrowing costs and available liquidity may also change over time, affecting the profitability and flexibility of a position. As with all DeFi applications, users are also exposed to the smart contract, oracle, and operational risks of the underlying lending protocol.

### Supported Markets

Supported lending and borrowing activities across eligible Solana protocols qualify for enhanced OnRe Points multipliers in addition to standard lending interest.

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#### Kamino

[ONyc Reserve](https://kamino.com/markets/reserve/47tfyEG9SsdEnUm9cw5kY9BXngQGqu3LBoop9j5uTAv8/6ZxkBSJEqsXA3Kdm2PDAzHLUdPTPUK93Lf4bAezec1UQ)

[USDC Reserve](https://kamino.com/borrow/reserve/47tfyEG9SsdEnUm9cw5kY9BXngQGqu3LBoop9j5uTAv8/AYL4LMc4ZCVyq3Z7XPJGWDM4H9PiWjqXAAuuHBEGVR2Z)

[USDG Reserve](https://kamino.com/borrow/reserve/47tfyEG9SsdEnUm9cw5kY9BXngQGqu3LBoop9j5uTAv8/JBmLCoKqjdKSStK45onRqe6U6sxVgSpdXoeXe4h7NwJw)

[USDS Reserve](https://kamino.com/borrow/reserve/47tfyEG9SsdEnUm9cw5kY9BXngQGqu3LBoop9j5uTAv8/3yDc9ARvtPLhYxZLgucZGuBtZ9bHshBvXTwHxGe3nhmC)

[PT-ONyc Reserve](https://kamino.com/borrow/reserve/47tfyEG9SsdEnUm9cw5kY9BXngQGqu3LBoop9j5uTAv8/5pCe1pq5nzBTCZ3Z8MAFtVQaTZvrLSbhU5ecqBkTfBoF)
{% endstep %}

{% step %}

#### Loopscale

[USDC Vault](https://app.loopscale.com/vault/7PeYxZpM2dpc4RRDQovexMJ6tkSVLWtRN4mbNywsU3e6)

[USDT ONE Vault](https://app.loopscale.com/vault/usdt_one)

[USX RWA Vault](https://app.loopscale.com/vault/usx_rwa)
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