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Getting started

From a wallet to your first USDC loan in five steps. You’ll need a Solana wallet, some SOL for network fees, and xStocks to use as collateral.

Before you start

  • A wallet. Any Solana wallet that supports the Wallet Standard works — Phantom, Solflare and Backpack among them.
  • A little SOL. Each transaction costs a fraction of a cent. Your first deposit also opens a loan account on Kamino, which needs a one-time rent deposit of roughly 0.025–0.03 SOL.
  • xStocks. If you don’t hold any, you can buy them with USDC on the swap page. Check Supported collateral first: not every xStock can be borrowed against.

Step by step

  1. Open the app. Go to app.lendly.finance and choose Connect wallet.
  2. Pick your collateral. If your wallet holds supported xStocks, the dashboard shows each one and how much USDC it could unlock at its maximum loan-to-value. Choose one and select Deposit.
  3. Deposit. Enter how many shares to deposit, review the preview, and approve the transaction in your wallet. Your loan account is created with this first deposit.
  4. Borrow. Select Borrow, enter an amount of USDC, and watch the preview: your loan-to-value and liquidation price after the loan. Approve in your wallet; the USDC arrives in the same wallet.
  5. Keep an eye on it. Your dashboard updates live. The health bar shows how far your loan is from its maximum and from liquidation.

Every transaction is checked first

Before your wallet asks you to sign, Lendly simulates the transaction. If it would fail — say, the amount would take your loan past its limit — you see why, and you pay nothing.

Repaying and getting your stocks back

Select Repay to pay back any amount of USDC, any time. When the debt is gone, Withdraw returns your xStocks to your wallet. You can also withdraw part of your collateral while a loan is open, as long as the loan stays within its limit.