Lending · Review

Annex Finance Review 2026: BNB Chain Lending and Swap

Annex Finance is a BNB Chain money market that pairs lending and borrowing with a token swap, launch auctions and an NFT marketplace. Its published material is mostly from 2021, so check how active it is before depositing.

BNB Chain

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.8/10

Weak

Our verdict on Annex Finance

4.8/10

Annex Finance suits experienced DeFi users who want to study a BNB Chain money market with a swap, token auctions and an NFT marketplace attached. Its strength is the breadth of its design. The main caveat is that its published material dates from 2021 and gives no audits, team or fee details. Anyone considering a deposit should first confirm that the app and contracts are live and maintained, and keep amounts small.

Score breakdown

How Annex Finance scores

Security: n/a
Ease of use: n/a
Fees: n/a
Features: 6.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Annex Finance?

Annex Finance is a decentralised lending and borrowing platform built on BNB Chain, formerly Binance Smart Chain. Project descriptions say it aimed to bridge traditional-style lending to BSC, with later plans to reach Ethereum and Polygon.

The platform extends beyond lending. It lists AnnexSwap for token trading, Annex Auction for launching new tokens, an NFT marketplace and ATokens for tokenised collateral. ANN is its governance token.

The main caveat is freshness. The project's landing page carries a 2021 copyright line, and the sources reviewed do not show recent updates, audits or a named team. Treat it as a legacy DeFi product and verify its current state before depositing.

How Annex Finance works

Annex is a money market. Users deposit assets into shared pools and receive interest that accrues each block. The rate depends on market demand for that asset: heavier borrowing generally means higher yields for suppliers.

Deposits can serve as collateral. A user can borrow other assets against them or mint stablecoins, with the loan limited by the value of the collateral. If collateral value falls too far, positions can be liquidated. Prices come from on-chain price feeds that the project describes as manipulation-resistant.

Around the lending core sit AnnexSwap for token trading, an auction for launching new tokens, and an NFT marketplace. ANN is the governance token, and depositors can earn it according to asset demand.

7 features

Key features

Money market lending

Users supply assets and earn interest, which accrues by the block and varies with demand. Supplied funds can be used as collateral to borrow other assets.

Stablecoin minting

Deposited assets can be used as collateral to mint stablecoins, according to the project's own description.

AnnexSwap DEX

A decentralised exchange where users swap tokens. Annex presents it as the trading venue for assets listed on the platform.

Annex Auction

An open-source auction process for launching new project tokens. It aims to bring new capital and trading volume to AnnexSwap.

NFT marketplace

A marketplace that lists art, domain names, virtual worlds, trading cards, sports items and other collectibles.

ATokens

Users can tokenise assets on BNB Chain and receive portable ATokens that they can move to cold storage or send to other users.

Developer tooling

Documentation covers integration guides, an Annex Swap interface guide, reserve withdrawal logic and manipulation-resistant on-chain price feeds.

Pros and cons

What we like

Combines lending, borrowing, swaps, token auctions and NFTs in one protocol
Runs on BNB Chain, where transaction costs are typically low
Interest accrues by the block and can be used as collateral
Open-source smart contracts and published developer documentation
ANN governance token gives holders a role in future development

Watch out for

No audit reports, team details or insurance arrangements are published in the sources reviewed
Project materials date from 2021, so current activity and maintenance are unclear
Smart-contract risk applies to every deposit, borrow and liquidation
Plans to expand to Ethereum and Polygon are described as future goals, with no confirmed delivery
Interest rates, collateral factors and fees are not published in the sources reviewed
The ANN token and the small-cap BNB Chain ecosystem carry price and liquidity risk

Annex Finance fees

Annex Finance does not publish a fee table in the sources reviewed. Lending and borrowing rates move with supply and demand for each asset, so users would see current rates inside the app's market view.

Expect the usual costs of a BNB Chain protocol: network gas for each transaction, swap fees on AnnexSwap and liquidation penalties if a loan becomes undercollateralised. The exact figures are not stated, so check them in the app and documentation before using it.

Is Annex Finance safe?

The sources reviewed do not name an audit firm or publish audit reports, so none can be confirmed. Lending protocols carry smart-contract risk, oracle risk and liquidation risk, and funds sit in contracts rather than with a custodian.

The project does not publish a team, licence or insurance cover in the sources reviewed. Because the published information dates from 2021, current maintenance is uncertain. Verify the official site, contract addresses and recent on-chain activity, and only commit funds you can afford to lose.

6 steps

How to get started with Annex Finance

1
Confirm the live Annex app and its contract addresses through the project's documentation and official channels, not a search ad or an unverified link.
2
Set up a BNB Chain-compatible wallet and fund it with a small amount of BNB for gas.
3
Read the documentation and look for independent audit reports before depositing.
4
Start with a small deposit in a supported asset and watch how the interest rate is shown.
5
If you borrow, keep a wide buffer between your loan and the collateral limit to avoid liquidation.
6
Monitor your positions regularly and withdraw funds you do not want exposed to protocol risk.

Who Annex Finance is for

Annex Finance is for DeFi users comfortable with wallets, collateral ratios and liquidation risk who want to explore a BNB Chain lending and swap platform. It is not suited to beginners or anyone who needs audited, actively maintained infrastructure.

Annex Finance FAQs

What is Annex Finance?

Annex Finance is a decentralised lending and borrowing protocol on BNB Chain. Users supply assets to earn interest and can borrow against them. It also lists a swap (AnnexSwap), a token auction, an NFT marketplace and tokenised collateral called ATokens.

What is the ANN token used for?

ANN is the governance token. It is described as being distributed to the community after a fair launch and as supporting later development. Depositors can also earn ANN according to market demand for the asset they supply.

Which blockchain does Annex Finance use?

Annex Finance runs on BNB Chain, formerly Binance Smart Chain. Project descriptions say it aims to expand to Ethereum and Polygon later. The sources reviewed do not confirm that those expansions have launched.

What are the fees and interest rates?

Rates are set by supply and demand for each asset and are shown inside the app. The sources reviewed do not publish fixed rates or fee schedules. Borrowers should also expect network gas fees and liquidation penalties.

Is Annex Finance safe?

The sources reviewed do not name an audit, and no safety claim can be confirmed from them. Lending protocols carry smart-contract, oracle and liquidation risk. Read the project's documentation and look for independent audit reports before depositing funds.

Is Annex Finance still active?

The project's own landing page carries a 2021 copyright notice, and the status of current development is not clear. Check the live app, recent on-chain activity and the project's social channels before relying on it.

Compare

Annex Finance alternatives

All alternatives

Morpho Blue

Lending

Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.

TVL $10.9B−0.5%Ethereum · Base · Robinhood Chain +41

Aave V3

Lending

Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.

TVL $15.8B+5.1%Ethereum · Base · Arbitrum +18

Venus Core Pool

Lending

Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.

TVL $1.08B−6.6%BNB Chain · Ethereum · Arbitrum +5

Euler V2

Lending

Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.

TVL $283M+5.5%Monad · Ethereum · Base +13

Gearbox

Lending

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 cr

TVL $22.2M+1.4%Ethereum · Etherlink · Monad +8