Comment on page
How Coslend Works
Coslend is a money market on Evmos. The money market allows users to supply and borrow assets, while receiving or paying interest in a completely permissionless and decentralized way.
Supplying and borrowing interest is set based on market demand, and loans are over-collateralized to ensure solvency.
This model was pioneered by the Compound protocol on Ethereum, but high gas fees have made the protocol untenable for most users. Building on Evmos gives Coslend fast and cheap transactions, democratizing access to everyone.
When the ecosystem of Evmos is developed and there is enough liquidity for long-tail assets, Coslend will support isolated interest rate pools, allowing creators to create customisable isolated interest rate money markets of any assets and allowing users to supply and borrow assets.