Lending · Review
ActiveCapyfi Review 2026: LATAM-Focused Compound-Style Lending
Capyfi is a Compound v2-style lending and borrowing protocol aimed at users in Latin America, with about 7.7 million USD in TVL. It is simple and focused, but small and light on published detail.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.8/10
Good
Our verdict on Capyfi
6.8/10Capyfi suits users in Latin America who want a simple, non-custodial lending market built on a familiar Compound v2 design. Its main strengths are the local focus, multilingual site and linked audits from OpenZeppelin and Coinpect. The main caveats are its modest size, no published fee detail and the usual liquidation and smart-contract risks. Read the audits and rate details before depositing.
Score breakdown
How Capyfi scores
- Security
- 6.8/10
- Ease of use
- 7.5/10
- 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 Capyfi?
Capyfi is a decentralized lending and borrowing protocol aimed at users in Latin America. DefiLlama describes it as an algorithmic protocol originally built on the LAchain network, where suppliers earn interest and borrowers take over-collateralized loans.
DefiLlama lists it on Ethereum, Base, World Chain and LAchain Network, with about 7.66 million USD in TVL and a 12% rise over seven days. It has been listed since August 2024. The design references Compound v2, a widely used lending architecture.
The homepage pitches simplicity for first-time DeFi users, support for local stablecoins and assets, and non-custodial contracts. The site is available in Spanish, English and Portuguese.
How Capyfi works
Capyfi follows the Compound v2 design, according to its DefiLlama description. Suppliers deposit assets into a market pool and earn interest. Borrowers draw from the pool after posting collateral.
Loans are over-collateralized, so borrowers must deposit more value than they borrow. If collateral value falls below the required threshold, the position can be liquidated to protect lenders. Interest rates are algorithmic and move with supply and demand in each market.
The homepage describes the protocol as non-custodial and community-governed. Users interact through their own wallets rather than depositing with a company.
6 features
Key features
01
Supply to earn interest
Users deposit assets into markets to earn interest paid by borrowers.
02
Over-collateralized borrowing
Borrowers take loans against deposited collateral, with loans over-collateralized.
03
LATAM-focused assets
The homepage says markets include stablecoins and digital assets relevant to Latin American users.
04
Non-custodial design
The homepage says contracts are non-custodial, so users keep control of their funds.
05
Audits and bug bounty
The homepage links audit reports from OpenZeppelin and Coinpect and lists a bug bounty.
06
Multilingual site
The site is offered in Spanish, English and Portuguese.
Pros and cons
What we like
- Based on the Compound v2 design, a well-known lending architecture.
- Homepage links audits from OpenZeppelin and Coinpect and a bug bounty.
- Non-custodial, so users hold their own funds.
- Focus on LATAM users, with a Spanish, Portuguese and English site.
- Available on several chains, including Ethereum and Base.
Watch out for
- No governance or protocol token is listed on DefiLlama, so it is unclear how governance or incentives work.
- DefiLlama lists zero audits, so audit claims rely on the homepage links and should be checked in the docs.
- Compound v2-style lending carries liquidation risk for borrowers when collateral prices fall.
- TVL of about 7.7 million USD is small compared with the largest lending protocols, so liquidity may be thinner.
- Fee and interest-rate details are not published in the material reviewed.
- The homepage is aimed at LATAM users, and supported assets and languages may not suit everyone.
Capyfi fees
Capyfi's fee schedule is not published in the material reviewed. Lending protocols of this type typically have no deposit fee, with borrowers paying a variable interest rate and suppliers earning part of it. A portion may go to a protocol reserve.
Users also pay network gas fees on Ethereum, Base or World Chain. Current supply and borrow rates are shown in the app's markets view, and the docs should be checked for reserve factors and liquidation penalties.
Is Capyfi safe?
The homepage links audit reports from OpenZeppelin and Coinpect and lists a bug bounty. DefiLlama shows zero audits, so the reports should be read directly and matched to the deployed contracts. No incidents are mentioned in the material reviewed.
The protocol is non-custodial, but smart-contract bugs, oracle problems and liquidation events can still cause losses. Terms of use are linked on the homepage, and regulatory treatment varies by country, so check local rules before using it.
6 steps
How to get started with Capyfi
- 1
Read the docs and the audit reports linked on the homepage.
- 2
Set up a self-custody wallet that supports Ethereum, Base or World Chain.
- 3
Fund the wallet with a supported asset plus some native token for gas.
- 4
Open the app and review the markets, rates and collateral factors.
- 5
Supply an asset to earn interest, or deposit collateral before borrowing.
- 6
If you borrow, keep a safe margin above the liquidation threshold and monitor your position.
Who Capyfi is for
Capyfi is for crypto users in Latin America who want to earn interest on stablecoins or borrow against their holdings without a centralized intermediary. It also suits newcomers who prefer a simple interface. Experienced users seeking deep liquidity or many assets may prefer larger protocols.
Capyfi FAQs
What is Capyfi?
Capyfi is a decentralized lending protocol. Users supply crypto to earn interest, and borrowers take over-collateralized loans against their deposits. It is aimed at users in Latin America.
Which blockchains does Capyfi support?
DefiLlama lists Ethereum, Base, World Chain and LAchain Network. The protocol description says it was originally built on LAchain.
Is Capyfi safe?
The homepage says smart contracts are audited and non-custodial, and links to audit reports from OpenZeppelin and Coinpect. DefiLlama lists no audits, so check the reports yourself. All DeFi lending carries smart-contract and liquidation risk.
Does Capyfi have a token?
No. DefiLlama lists no token for Capyfi, and the homepage material does not mention one.
How does borrowing work on Capyfi?
Borrowing is over-collateralized. You deposit assets as collateral and can borrow less than their value. If collateral value falls too far, it can be liquidated.
What interest rates does Capyfi pay?
Rates are set by the protocol according to market supply and demand, as in Compound v2 designs. Current rates appear in the app's markets view and are not published in the material reviewed.
Compare
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How we checked
Sources
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