# Understanding Colend

<figure><img src="https://906943598-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOZpYKo0VFE3Pj3XDTtL7%2Fuploads%2FTiyjAvSqv9dRWkTLrxc3%2Fimage.png?alt=media&#x26;token=db150b0d-7f5e-4755-9d6a-f99772bfefba" alt=""><figcaption></figcaption></figure>

### **What if accessing funds or growing your wealth didn’t come with so many compromises ?**

\
For decades, the financial system has operated on the same rigid rules. Users like you were expected to adapt, filling out endless forms, navigating hidden fees, all while feeling like you have little say in how your money is managed.

We believe that financial freedom is a right, not a privilege reserved for a few.

Colend is a decentralized application that redefines peer-to-peer finance. It allows you to [earn\
and/or borrow](https://colend.gitbook.io/home/ecosystem/earn-and-borrow) cryptocurrencies safely, without middlemen, while keeping full control of your assets.\
\
By addressing the limitations of traditional systems, we open up opportunities that were out\
of reach. Whether you’re looking to borrow money, grow your wealth, or optimize your financial strategy, Colend is designed to provide practical and efficient solutions for your needs.

### **The Key Advantages** of Colend <a href="#tdxq3zmsx28" id="tdxq3zmsx28"></a>

<details>

<summary>Earn Passive Income</summary>

You can put your unused assets to work by supplying them to the protocol and earning interest from borrowers. This provides you with additional income and provides new utility to your tokens.

</details>

<details>

<summary><strong>Unlock Money Without Selling Your Assets</strong></summary>

You can borrow funds using your cryptocurrencies without having to sell them while continuing\
to benefit from their potential increase in value.&#x20;

</details>

<details>

<summary>Maximize Your Portfolio</summary>

By leveraging your assets, you can boost potential profits if their value increases or seize\
new investment opportunities. This approach provides an efficient way to maximize your capital and explore new growth opportunities.

</details>

### **About the Team** <a href="#ikysmzr786e" id="ikysmzr786e"></a>

We’re a Web3 collective with one pledge: build the product we want to use.&#x20;

Colend is for people who prefer **self-custody** and **clear guardrails**.&#x20;

Everything we ship starts from our [Manifesto ](https://colend.gitbook.io/home/understanding-colend/manifesto)and we ship only what we can stand behind: **battle-tested smart-contract patterns**, **independently audited**, with **no compromise on security or integrity**. \
\
Instead of one big release, we roll out autonomous features that fit together, each strengthening the next. That’s how we’re becoming a go-to hub in the DeFi.

We build for the long term and not alone. We partner with **token issuers, asset managers, oracles and risk experts** to turn assets into real utility on Colend. Every listing or integration goes through **pragmatic due diligence**. This **win-win** approach grows our ecosystem and, step by step, helps drive **BTCFi (BitcoinFi) adoption**.

### **Leveraging Core Blockchain Reliability ⚙️** <a href="#id-5q1rwi80aaq" id="id-5q1rwi80aaq"></a>

[**Available on CoreDAO**](https://www.coredao.org/), an EVM compatible, Colend deployed on this layer for its [consensus](https://docs.coredao.org/core-white-paper-v1.0.7/satoshi-plus-consensus) which anchors security to Bitcoin while delivering **fast confirmations** and **low, predictable fees** for users.&#x20;

For interoperability, the [**Bridge** ](https://bridge.coredao.org/bridge)**powered by** [**LayerZero**](https://layerzero.foundation/) lets assets move to major EVM networks, and full EVM compatibility keeps integrations straightforward for developers.&#x20;

In short: Core is the right home to kick start Colend.

Now discover why BTCFi is central to our vision and explore the innovative features that make Colend unique.
