💵Lending

Introduction to Oolong lending

Oolong Lending is a decentralized lending protocol built on OolongSwap with our partner Ola Finance. Here, users can lend and borrow whitelisted assets, allowing users to utilize different DeFi investment strategies.

What are some of the benefits of using Oolong's Lending

1. Lend tokens in your wallet out to earn reward tokens and interests paid by borrowers with no IL loss

2. Use your current tokens as collateral to borrow other tokens, give you access to new assets without selling the current ones

3. Leverage a long position on a token

4. Enter a short position on a token

5. Borrow a token for a lucrative liquidity mining opportunity, while limiting exposure to the token