Best of · Ethereum · Updated
The best Uncollateralized Lending dApps on Ethereum in 2026
We track 14 Uncollateralized Lending dApps that run on Ethereum and have reviewed 12 of them in full. Our top pick is 3Jane Lending. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
3Jane Lending
Uncollateralized Lending · Ethereum
3Jane is an Ethereum credit protocol that issues USD3, a yield-bearing dollar token funded by USDC deposits and lent out to fintechs and crypto-native borrowers without full collateral. Yields look attractive, but returns depend on borrower credit rather than posted collateral.
ScoreScore 7.0 out of 10TVL $11.1M−8.0% - 2
cap
Uncollateralized Lending · Ethereum
Cap is an Ethereum stablecoin protocol that issues cUSD and the yield-bearing stcUSD, using underwriters to back unsecured USD loans to borrowers. It holds about $191 million in TVL, but the mechanics rest on credit and underwriting rather than collateral alone.
ScoreScore 6.8 out of 10TVL $182M−1.8% - 3
Wildcat Protocol
Uncollateralized Lending · Ethereum, Plasma
Wildcat is an Ethereum protocol where borrowers set up their own undercollateralised credit lines and lenders deposit into a single borrower's market. It is flexible, but lenders take on direct counterparty risk.
ScoreScore 6.8 out of 10TVL $2.65M−12.6% - 4
Clearpool Lending
Uncollateralized Lending · Base, Ethereum, Optimism +6
Clearpool Lending is a permissioned marketplace where institutions borrow from on-chain lenders without posting collateral. It is credit-risk exposure, not a collateralised DeFi loan, and it is expanding to the XRP Ledger.
ScoreScore 6.8 out of 10TVL $200K0.0% - 5
3Jane Options
Uncollateralized Lending · Ethereum
3Jane is an Ethereum protocol that was listed as an options vault and now centers on USD3, a credit-backed yieldcoin funded by lending to fintech originators. The yields are higher than plain lending markets, but they come with real credit risk.
ScoreScore 6.5 out of 10TVL $97.4K+0.3% - 6
BNPL Pay
Uncollateralized Lending · Ethereum
BNPL Pay is an Ethereum lending protocol that routes lender deposits to Buy Now, Pay Later providers, with staking as first-loss capital. Its yields come from real-world receivables, which brings credit risk that ordinary DeFi pools do not carry.
ScoreScore 6.5 out of 10TVL — - 7
Union Protocol
Uncollateralized Lending · Optimism, Ethereum, Base +1
Union is an open-source protocol for peer-to-peer onchain credit, where users vouch for people they trust and those people can borrow without posting collateral. It is an interesting model, but small in size and carrying real default and contract risk.
ScoreScore 5.5 out of 10TVL $266K−0.0% - 8
cSigma Finance
Uncollateralized Lending · Ethereum, Arbitrum, Hedera +1
cSigma Finance is a lending protocol that pools stablecoin deposits for real-world business loans and onchain strategies. It suits readers who understand private credit risk and accept delayed withdrawals in exchange for higher stated yields.
ScoreScore 5.5 out of 10TVL $1.24K−0.0% - 9
Bion
Uncollateralized Lending · Ethereum, Base, Arbitrum +5
Bion offers eligible users a reusable stablecoin credit line based on wallet activity, with disbursements and repayments in USDC on Base. Its repayment options are outlined, but final fees, underwriting details, and key safety information are not published.
ScoreScore 5.5 out of 10TVL — - 10
Goldfinch
Uncollateralized Lending · Ethereum
Goldfinch is an on-chain credit protocol on Ethereum that moved from borrower pools to a private credit fund product called Prime. The homepage now says Prime is shutting down and no new deposits are accepted.
ScoreScore 5.0 out of 10TVL $2.07M−8.2% - 11
Credit Coop
Uncollateralized Lending · Ethereum, Base, Avalanche
Credit Coop is an early-stage on-chain credit platform where lenders fund curated vaults that finance real businesses against future cash flows. Its TVL is small, no audits are listed and key terms are not published publicly reviewed.
ScoreScore 4.8 out of 10TVL $218K+2.0% - 12
Accountable
Uncollateralized Lending · Monad, Arbitrum, Robinhood Chain +5
Accountable provides data-verification infrastructure for onchain finance and describes a yield marketplace for borrower vaults and structured credit. Public details about fees, opportunity terms, and verification methods are limited.
ScoreNot rated yetTVL $1.87M+70.0% - 13
Pareto Credit
Uncollateralized Lending · Ethereum, Polygon, Optimism +1
Pareto Credit is an onchain private credit marketplace that connects institutional lenders and borrowers. It is early-stage with small TVL, so credit and counterparty risk deserve close attention.
ScoreNot rated yetTVL $241K+65.6% - 14
TrueFi
Uncollateralized Lending · Ethereum, Arbitrum
TrueFi is a DeFi credit protocol for stablecoin lending and borrowing without collateral. Its current loan terms, fees, and product availability are unclear.
ScoreNot rated yetTVL $21.7K+0.0%
Uncollateralized Lending dApps on Ethereum: the numbers
- Tracked
- 14
- Reviewed
- 14
- Total TVL
- $201M
- Avg. score
- 6.1/10
DappsAtlas tracks 14 uncollateralized lending dApps on Ethereum. Every one of them has a full review. Across the 12 with TVL data, the combined value locked is $201M, counting value on every chain they support. cap dominates, with 91% of that total. The five largest make up 99% of the total; the median is $241K.
Ranked by TVL, cap ($182M), 3Jane Lending ($11.1M) and Wildcat Protocol ($2.65M) lead the field. The best-rated is 3Jane Lending with 7.0/10, followed by cap (6.8) and Wildcat Protocol (6.8). The 11 rated uncollateralized lending dApps average 6.1/10, and none scores 8 or above yet.
Many also deploy elsewhere, most often on Arbitrum (7), Base (6) and Optimism (4). All 13 with a confirmed status are active. In the past week, total value locked fell 2.0%. Accountable gained the most (+70.0%), while Wildcat Protocol dropped the most (−12.6%).
Largest by TVL
- 1
cap$182M
- 2
3Jane Lending$11.1M
- 3
Wildcat Protocol$2.65M
- 4
Goldfinch$2.07M
- 5
Accountable$1.87M
Highest rated
- 1
- 2
- 3
- 4
Clearpool Lending6.8
- 5
3Jane Options6.5
Method
How we ranked them
Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.
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Frequently asked questions
What is the largest uncollateralized lending dApp on Ethereum by TVL?
cap is the largest uncollateralized lending dApp on Ethereum by total value locked, with $182M across all the chains it supports. It is followed by 3Jane Lending ($11.1M) and Wildcat Protocol ($2.65M). TVL figures come from DefiLlama and change daily.
Which uncollateralized lending dApp on Ethereum has the highest DappsAtlas score?
3Jane Lending has the highest score at 7.0/10, ahead of cap (6.8) and Wildcat Protocol (6.8). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many uncollateralized lending dApps on Ethereum has DappsAtlas reviewed?
DappsAtlas tracks 14 uncollateralized lending dApps on Ethereum. Of these, 14 have a full review and 12 report value locked, $201M in total, counting value on every chain they support.
Which uncollateralized lending dApps on Ethereum grew the most this week?
Among uncollateralized lending dApps with at least $1M locked, Accountable had the biggest 7-day TVL gain (+70.0%) and Wildcat Protocol the biggest drop (−12.6%). Combined TVL moved −2.0% over the same seven days.
What is the average score for uncollateralized lending dApps on Ethereum?
The 11 rated uncollateralized lending dApps on Ethereum average 6.1 out of 10. Of these, 0 score 8 or higher and 1 score below 5.