What is Lendwise
Lendwise is a DeFi lending yield aggregator and optimizer. It tracks the supply and borrow markets of the major lending protocols, normalizes their rates onto a single methodology, and shows you where your capital earns the most — or costs the least to borrow.
The problem
If you lend or borrow stablecoins on-chain, your yield is scattered across dozens of markets that don't agree on how to report it:
- Aave V3, Morpho (Blue + MetaMorpho vaults), and Compound V3 each publish rates differently.
- The same asset — say USDC — trades at materially different rates on different protocols and chains at the same moment.
- "APY" from one protocol includes rewards; from another it doesn't. Some quote a base rate, some a net rate. Fees may or may not be subtracted.
The result: comparing two lending opportunities usually means comparing two numbers that were never computed the same way. Capital ends up parked in the wrong place, quietly under-earning.
What Lendwise does
Lendwise ingests every tracked market on a fixed cadence and republishes it under one consistent methodology:
- ~700 active products across ~120 assets
- 8 chains — Ethereum, Optimism, Polygon, Base, Arbitrum, Avalanche, Linea, and BSC (the last three are Aave-only today)
- 3 protocols — Aave V3, Morpho (Blue & MetaMorpho), Compound V3
- Rates stored as APY, with rewards, fees, and direction handled explicitly (see Methodology)
On top of that clean dataset, the optimizer highlights the moves that matter: the widest same-asset spreads, the best stablecoin venue right now, and markets that just moved.
Who it's for
- Yield-focused lenders deciding where to supply stablecoins or ETH.
- Borrowers minimizing interest and picking the cheapest collateralized market.
- Analysts and builders who want a clean, cross-protocol rate feed via the GraphQL API.
Where to go next
- Getting started — the fastest path from "curious" to "found a better rate".
- The optimizer — how Lendwise decides what to surface.
- GraphQL API — query the data yourself.
Not financial advice
Lendwise is an information tool. DeFi lending carries smart-contract, oracle, liquidation, and market risk. Always do your own research.