LeoDex is the first thirdparty frontend for Chainflip...

LeoDex is the first third-party frontend for Chainflip Lending - self-custodial onchain loans for BTC, ETH, SOL, USDC and USDT straight from https://leodex.io/lend.

Supply, Borrow, Repay and Withdraw from Chainflip's Lending Pools

Chainflip lending has been slowly scaling into one of the best onchain lending protocols. For crosschain DEXes, this is a phenomenal achievement.

We all know that DeFi is rebuilding the traditional finance industry. We are doing it one great feature at a time. Chainflip's lending protocol aims to bring a $20T global lending market to onchain finance.

As the world's investors continue to grow their crypto positions, the desire for financial engineering around those positions will grow.

For myself, I have used Bitcoin Lending for years through protocols like MakerDAO. The Problem? Lending on those protocols requires Wrapped Bitcoin (WBTC). You can't lend native onchain BTC.

If you're looking for a native option, your next best thing are companies like Coinbase and the (now defunct) BlockFi's of the world. Bitcoin lending is still a massively untapped market. Chainflip adding it to their protocol is an absolute game changer.

What You Can Do Today with Lending

Supply BTC, ETH, SOL, USDC, or USDT and earn the pool's interest rate
Borrow against what you've supplied — one balance, one screen
Repay and withdraw back to your own wallet (Bitcoin, Ethereum, or Solana) anytime
Browse everything — live rates, the interest-rate curve, pool utilization — with no wallet connected

Just head to https://leodex.io/lend and explore the markets.

How it Works

Deposit to your Chainflip account (from your connected wallet, or by address/QR for BTC and SOL) - this is called the "State Chain" and it allows you to interact with the lending protocol
Supply to a pool - click the supply button next to any pool on the page
Borrow against it - borrow against your collateral at any time
Repay / withdraw to your wallet - 1 click to exit

Note the deposit minimums (i.e. $20 for stables, 0.01 ETH) — our UI tells you before you send

Rates: Chainflip Beats TradFi at 2% APR to Borrow BTC

Rates on Chainflip lending are dynamic. They're set by pool utilization on a kinked curve. We've built a tracker directly at the top the Lending page.

What you see here is the current interest rate for borrowing BTC based on the utilization curve of how much BTC can be borrowed on Chainflip.

What Makes Chainflip Lending Different

There are tons of lending protocols and TradFi apps in the lending space these days. Chainflip sets itself apart in a few very critical ways:

Supplied funds are collateral — no more idle crypto. You earn on it
Everything settles on the Chainflip State Chain; every payout and loan is verifiable onchain (something TradFi can never offer)
Native BTC — not wrapped

I've used protocols like MakerDAO for years and the one major breaking point is WBTC. There was a time with the Justin Sun debacle where I thought WBTC might get removed from MakerDAO (in fact, there was a major debate and governance proposals about it). I ended up removing my WBTC position from MakerDAO right before the major rally to $100k+ and this cost me hundreds of thousands of dollars.

Had Chainflip lending been around, I wouldn't have had that issue. I would've been sitting comfy with my native onchain BTC. That isn't to say there's no risk, that's just to say that you don't have the added custodian risk for wrapped assets - which Chainflip has already been successfully solving for years with crosschain native BTC swaps.

So with that in mind, here's a few things to watch out for:

Lending 2.0 is new protocol territory; start small and stay informed
Interest rates float with utilization; again - start small and stay informed
For more info on lending, check out the "FAQ" section at the very bottom of https://leodex.io/lend where we've put a ton of info

Try Lending today: https://leodex.io/lend. If you have any feedback for our team, use the "?" help icon to send feedback directly to us anonymously. It helps us (seriously) improve the site!

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