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Lending quickstart
Fund a listing and collect the APR the borrower named.
Lending on Lendr means picking a specific open listing — a specific borrower, collateral, amount, APR, and term — and funding it exactly as posted. There's no pooled deposit and no averaged yield; the rate you see on a listing is the rate you get if it goes to term.
1. Browse open listings
The market table on /markets lists every open listing, filterable by collateral category and sortable by rate or duration. For each one you can see the collateral token and amount, the requested USDG amount, the implied LTV against the collateral's live price, the APR, and the term.
2. Fund it
Filling a listing approves the market to pull loanAmount in USDG from your wallet (if you haven't already granted sufficient allowance), then calls fillListing. USDG transfers straight to the borrower in that same transaction — you don't hold the collateral, and you can't fill your own listing.
fillListing(id) → status = active, lender = you, startTime = now3. Wait out the term
Nothing for you to do while the loan is active. If the borrower repays, loanAmount + interestOwed(id) in USDG arrives in your wallet directly from their repay call — you don't need to submit anything.
4. If they don't repay, claim
Once now >= startTime + duration and the loan is still active, call claimCollateral. The full collateral amount transfers to you and the listing becomes defaulted. This is available to you and only you — the lender — and only after maturity; there's no way to seize collateral early even if the position looks deeply underwater.
Your downside is the collateral's value, not a guarantee
Because there's no mid-term liquidation, a rational borrower defaults whenever the collateral is worth less than what they owe you. Evaluate every listing on the assumption that default is a real, live outcome — the APR is compensation for exactly that risk, not a yield with a floor under it.
One lender, one listing, no exit before maturity
There's no secondary market for an active loan and no early-exit function for lenders — once you fill a listing you either get repaid or you wait for maturity to claim.