Lending · Alternatives
The best EtherFi Borrowing Market alternatives in 2026
EtherFi Borrowing Market is ether.fi's lending product on Optimism and Scroll, for crypto holders who want to borrow against assets instead of selling them. If EtherFi Borrowing Market is not the right fit, these 12 reviewed Lending options are the closest matches, ranked by DappsAtlas score. Read our full EtherFi Borrowing Market review
At a glance
EtherFi Borrowing Market vs the alternatives
| dApp | Score | TVL | Chains |
|---|---|---|---|
| Score 7.0 out of 10 | $301M | 2 | |
| Score 8.0 out of 10 | $10.9B | 44 | |
| Score 8.6 out of 10 | $15.8B | 21 | |
| Score 8.0 out of 10 | $1.26B | 10 | |
| Score 7.6 out of 10 | $1.08B | 8 | |
| Score 7.4 out of 10 | $22.2M | 11 | |
| Score 7.0 out of 10 | $2.40M | 3 | |
| Score 8.0 out of 10 | $5.04B | 2 | |
| Score 8.0 out of 10 | $283M | 16 | |
| Morpho | Score 8.0 out of 10 | — | 2 |
| Score 7.9 out of 10 | — | 1 | |
| Score 7.8 out of 10 | $808M | 4 | |
| Score 7.8 out of 10 | $142M | 7 |
Ranked
Top EtherFi Borrowing Market alternatives
- 1
Morpho Blue
Lending · Ethereum, Base, Robinhood Chain +41
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults. It suits users who can assess curator and smart-contract risk themselves.
ScoreScore 8.0 out of 10TVL $10.9B−0.5% - 2
Aave V3
Lending · Ethereum, Base, Arbitrum +18
Aave V3 is a non-custodial lending protocol where users earn interest on deposits or borrow against collateral, live on 21 chains with about $16B in TVL. It is a long-running, widely used venue, but borrowing carries liquidation and smart-contract risk.
ScoreScore 8.6 out of 10TVL $15.8B+5.1% - 3
Compound V3
Lending · Ethereum, Arbitrum, Base +7
Compound V3 is an on-chain lending protocol where users supply a base asset to earn yield or post collateral to borrow it. It has about $1.34B in TVL across ten chains, but borrowers face liquidation risk.
ScoreScore 8.0 out of 10TVL $1.26B−2.3% - 4
Venus Core Pool
Lending · BNB Chain, Ethereum, Arbitrum +5
Venus Core Pool is a decentralized money market where users supply crypto to earn interest or borrow against collateral, with about $1.18 billion in TVL across eight networks. It is established and widely used, but it carries normal DeFi lending risks.
ScoreScore 7.6 out of 10TVL $1.08B−6.6% - 5
Gearbox
Lending · Ethereum, Etherlink, Monad +8
Gearbox is a credit protocol that lets users lend assets or borrow with up to 10x leverage through isolated credit accounts, and it is now pitching compliant credit for tokenised assets. It suits experienced DeFi users and institutions, not beginners.
ScoreScore 7.4 out of 10TVL $22.2M+1.4% - 6
40 Acres
Lending · Avalanche, Base, Optimism
40 Acres is a DeFi lending platform that lets holders of vote-escrowed DEX NFTs borrow USDC against their future rewards, with no recurring interest and no liquidations. It is a niche product with a clear mechanism, but it depends heavily on a few DEX ecosystems.
ScoreScore 7.0 out of 10TVL $2.40M+0.9% - 7
SparkLend
Lending · Ethereum, xDai
SparkLend is a large stablecoin lending market on Ethereum and Gnosis that uses governance-set rates backed by Sky's Liquidity Layer. Its scale is the main draw, though rates and risk depend on governance and the wider Sky system.
ScoreScore 8.0 out of 10TVL $5.04B−0.8% - 8
Euler V2
Lending · Monad, Ethereum, Base +13
Euler V2 is a modular lending protocol where anyone can launch a lending market, listed on DefiLlama with about $268 million in TVL across 16 chains. Its strengths are its security work and flexibility. Risk varies by market.
ScoreScore 8.0 out of 10TVL $283M+5.5% - 9
Morpho
Lending · Ethereum, Base
Morpho is a decentralized lending protocol on Ethereum and other EVM networks built around isolated, permissionless markets and curated vaults. It suits users comfortable judging risk parameters, and the main caveat is that risk is pushed to the market and vault level.
ScoreScore 8.0 out of 10TVL — - 10
Kamino Finance
Lending · Solana
Kamino Finance is a Solana DeFi protocol that combines lending markets, automated concentrated-liquidity vaults and leverage tools. It suits users who want several yield strategies in one place, but leverage and smart-contract risk are real.
ScoreScore 7.9 out of 10TVL — - 11
Aave V4
Lending · Ethereum, Arc, Avalanche +1
Aave V4 is a modular lending protocol built on a hub-and-spoke design, with about $808M in TVL on DefiLlama. It extends a long-running lending brand, but V4 itself is new.
ScoreScore 7.8 out of 10TVL $808M+20.6% - 12
Dolomite
Lending · Ethereum, Arbitrum, Berachain +4
Dolomite is a DeFi money market that lets users lend, borrow and run leveraged strategies across a very wide range of assets. It holds about $185 million in TVL and lists six audits, but leveraged features carry real liquidation risk.
ScoreScore 7.8 out of 10TVL $142M−15.1%