> For the complete documentation index, see [llms.txt](https://ouldbelkacemnael.gitbook.io/product-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ouldbelkacemnael.gitbook.io/product-docs/overview.md).

# Overview

Welcome to the Lalalend Protocol Documentation! 

This documentation serves to help users understand how the protocol works under the hood. 

Enjoy the read !

## :stars: Introduction

Lalalend is a lending/borrowing market protocol based on the Evmos Blockchain. 

Lalalend enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Ethereum. 

The difference of Lalalend from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol. These synthetic stablecoins are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. 

(We plan in the future to rely on futures/perps to keep the peg of these stablecoins stable to the dollar : [Roadmap](/product-docs/future/roadmap.md) )

The protocol is inspired by Compound (the core contracts are forked from it). 

Our main goal is to bring a safe, permissionless and transparent decentralized money lego on top of the cosmos IBC with the Evmos Blockchain.

We believe in a **cross chain** world where apps will communicate between each other in a near future with decreasing transactions fees across blockchains. 

Hence our choice **to trust the IBC** to build a decentralized money market for lenders, borrowers and even more careful users with the ability to mint synthetic stablecoin.

## :man\_scientist: Core Modules

**`Lending market`**

       ***On the supply side, people are incentivized to bring collateral in order to provide liquidity to the protocol. They are incentivized with the supply APY.*** 

{% content-ref url="/pages/ZD2oLNmjm827rAEjrxmK" %}
[Supplying Assets](/product-docs/guides/supplying-assets.md)
{% endcontent-ref %}

**`Borrowing market`**

     ***On the borrow side, people have the ability to borrow assets against collateral supplied. For each single market, a specific loan to value must be respected to avoid liquidation.***

{% content-ref url="/pages/sv2FxmhYhEkndL1ZmFhw" %}
[Borrowing Assets](/product-docs/guides/borrowing-assets.md)
{% endcontent-ref %}

**`Synthetics with SEB stablecoin`**

     ***Last but not least, one can use our protocol to mint SEB stablecoin (which is pegged 1:1 to the USD) against collateral, and can repay the SEB stablecoin "debt" in order to get back the collateral.***

{% content-ref url="/pages/uejwe5bA52tS5YkyIhkf" %}
[SEB Token](/product-docs/guides/seb-token.md)
{% endcontent-ref %}

###

## :sparkles: Roadmap  

Beyond creating a liquid and decentralized money lego on Evmos for lending and borrowing markets, the other goal of **Lalalend** is to **bring NFT's to Evmos through p2p swapping** and enable capital efficiency through **an aggregator to use smart routes to find better prices execution** for the most used coins in the ecosystem. 

We plan to launch a vote escrowed token of our MIA governance token to unlock the true power of our DAO for users that seek more rewards and financial incentives.

Read our detailed Roadmap here : [Roadmap](/product-docs/future/roadmap.md)

## :brain: Fundamentals: Dive a little deeper

Learn the fundamentals of Lalalend to get a deeper understanding of our main features:

{% content-ref url="/pages/Bkhsrgtq34z6qR1ugBDF" %}
[Architecture](/product-docs/advanced-guides-for-devs/architecture.md)
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{% content-ref url="/pages/QaN1jtXOugzxiFGF9beZ" %}
[Formulas & Maths](/product-docs/advanced-guides-for-devs/formulas-and-maths.md)
{% endcontent-ref %}

{% content-ref url="/pages/UmjhIARcCPwzNquB7jG1" %}
[Glossary](/product-docs/guides/glossary.md)
{% endcontent-ref %}