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LiteLend is the leading Lending & Borrowing Market on LiteChain, allowing users to lend and borrow assets.
When you supply assets to LiteLend you are lending them out to be borrowed from the market in return for an APY on your assets. Depending on the market you may also be rewarded with additional LDX tokens for supplying too.
If you would like to borrow assets LiteLend has you covered, allowing you to borrow stablecoins, initiate farming strategies, or short assets.
The maximum amount you can borrow depends on the value you have deposited, its collateral factor, and the available liquidity. For example, you can’t borrow an asset if there is not enough liquidity or if your health factor doesn’t allow you to.