LendleDecentralized lending and borrowing protocol built on Mantle Network

4.3 (4)

Reviewed by Daniel Nikulshyn·Updated July 2026

DeFi Lending Borrowing Mantle Network Layer 2 Non-Custodial Governance Token Web3

Overview

Lendle is a decentralized money market protocol operating on the Mantle Network, allowing users to supply crypto assets to earn yield or borrow against their collateral. By leveraging Mantle's low fees and fast transactions, it aims to make on-chain lending more accessible and capital-efficient. The platform offers pooled liquidity markets where interest rates adjust algorithmically based on supply and demand. Users retain custody of their assets through smart contracts, and governance is community-driven via the protocol's token. Lendle is geared toward DeFi participants looking for yield opportunities, leveraged exposure, or short-term liquidity without selling their holdings.

Key features

Supply assets to earn passive yield
Borrow against crypto collateral
Variable interest rate markets
Token-based governance
Built natively on Mantle L2
Real-time market analytics

Pricing

Model: Free
Category: WEB 3
Rating: 4.3 / 5 (4)

Use cases

Earn Yield on Idle Crypto

Supply crypto assets into Lendle's liquidity pools to earn passive, algorithmically determined interest without giving up custody of your holdings.

Borrow Without Selling Holdings

Use existing crypto as collateral to borrow assets for short-term liquidity needs, avoiding taxable sales or losing exposure to your portfolio.

Leveraged DeFi Exposure

Loop supplies and borrows on Mantle to gain leveraged exposure to supported assets while benefiting from low L2 transaction fees.

Participate in Protocol Governance

Hold and use Lendle's governance token to vote on market parameters, risk settings, and protocol upgrades within the community.

Pros & Cons

Pros

Low transaction costs on Mantle Network
Non-custodial, on-chain lending
Algorithmic interest rates
Community governance

Cons

Limited to Mantle ecosystem assets
Smart contract and liquidation risks
Smaller liquidity than major lenders

Reviews

4.3

Average from 4 ratings.

Wei Chen

Mar 5, 2026

Skeptical, then convinced

I went in skeptical — most tools in this space overpromise. It actually delivers on built natively on Mantle L2, and algorithmic interest rates caught me off guard. Smart contract and liquidation risks is why this isn't a perfect score, still, I'd recommend giving it a real trial.

Frank Müller

Oct 23, 2025

Does the job

Pretty happy overall. Variable interest rate markets just works and low transaction costs on Mantle Network. Smart contract and liquidation risks can be annoying, but no dealbreakers — I'd recommend it to a friend without hesitating.

Sanjay Gupta

Jul 24, 2025

Does the job

Pretty happy overall. Token-based governance just works and algorithmic interest rates. Smart contract and liquidation risks can be annoying, but no dealbreakers — I'd recommend it to a friend without hesitating.

Camille Laurent

Jun 15, 2025

Skeptical, then convinced

I went in skeptical — most tools in this space overpromise. It actually delivers on built natively on Mantle L2, and algorithmic interest rates caught me off guard. Limited to Mantle ecosystem assets is why this isn't a perfect score, still, I'd recommend giving it a real trial.