Introduction

In 2021, Total Value Locked (TVL) in Decentralized Finance (DeFi) has reached nearly $90 billion at the highest point so far, and the number of users has exceeded 3 million in Ethereum DeFi Ecosystem. The lending segment in DeFi alone contributes nearly half of the TVL in DeFi currently.

Neku Finance is a decentralized and multi-chain lending protocol which was initially launched on Moonriver Network, Arbitrum and BSC. Neku allows depositors to provide liquidity to money markets to earn a passive interest income, while borrowers can borrow any assets available in Neku platform under the overcollateralized mortgage lending model. Neku Finance will expand to other chains, such as Celo, FTM, and Harmony etc. in the near future.