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Introduction

Lendly lets you borrow USDC against tokenized stocks on Solana, without selling them. You keep your exposure — every gain, every dividend adjustment — and get cash you can use today.

What you can do

  • Borrow. Deposit xStocks such as SPYx, NVDAx or TSLAx as collateral and borrow USDC against them, in the Lendly app.
  • Manage. See your loan at a glance: collateral, debt, loan-to-value, liquidation price and history. Repay, add collateral or withdraw at any time.
  • Swap. Trade between xStocks and USDC at the best price Jupiter can route, on the swap page.

How it works under the hood

Lendly is an interface. It does not run its own lending contracts and never holds your assets.

  • Loans run on Kamino Lend, one of Solana’s largest lending protocols, in its xStocks Market. Your loan is an on-chain account owned by your wallet. Kamino sets the risk parameters — maximum loan-to-value, liquidation thresholds, interest rates — and its program enforces them.
  • Swaps are routed by Jupiter, Solana’s main swap aggregator.
  • Every transaction is built for you and signed by you. Lendly prepares it, checks that it would succeed, and your wallet asks you to approve it. Nothing moves without your signature.

What Lendly is not

  • Not a broker or a bank. Lendly is software. It does not hold custody, give advice, or decide who gets a loan.
  • Not risk-free. Borrowing against assets whose price moves can end in liquidation. Read Liquidation and Risks before you borrow.
  • Not available everywhere. Tokenized stocks are not available to US persons or residents of restricted jurisdictions.

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