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Overview

Naga's money market lets you earn yield on deposits and borrow against your assets.

Earn & Borrow Model​

The money market operates on a simple principle:

  • Earn: Deposit assets into lending vaults to earn interest from borrowers
  • Borrow: Use your crypto as collateral to borrow other assets

This creates an efficient marketplace where lenders earn passive income while borrowers access liquidity without selling their holdings.

Built on Morpho​

Naga's money market runs on Morpho, which currently secures $8 billion in assets across DeFi. Morpho is a well-established and secure lending protocol with 27 security audits and a track record of securing assets.

How It Works​

For Lenders (Earn)​

  1. Deposit tokens into a lending vault
  2. Your assets are made available to borrowers who put at least 117% worth of collateral
  3. Earn interest automatically as borrowers repay loans
  4. Withdraw anytime (subject to available liquidity)

For Borrowers​

  1. Deposit crypto as collateral
  2. Borrow up to a percentage of your collateral value
  3. Pay interest on borrowed amounts
  4. Repay and withdraw your collateral when done

Getting Started​

Choose your path:

Key Features​

Isolated Markets​

Each lending market is isolated, meaning:

  • Risk in one market doesn't affect others
  • Different collateral and loan assets per market
  • Customized risk parameters for each pair

No Lock-up Periods​

  • Withdraw deposits anytime (when liquidity is available)
  • Repay loans anytime with no penalties
  • Full control over your funds

Transparent Pricing​

  • Real-time interest rates based on utilization
  • Clear collateral requirements
  • No hidden fees or surprises

Safety & Security​

Smart Contract Security​

Built on Morpho's audited infrastructure with 27 security reviews.

Price Oracles​

Reliable price feeds from Chainlink and Blocksense and track collateral values accurately.

Liquidation Mechanisms​

Automated liquidations protect lenders when borrower collateral drops too low.

See the full Risks documentation before participating.

Next Steps​