Lending · Review
ActiveDeepr Finance Review 2026: Lending on IOTA and Shimmer
Deepr Finance is a decentralized lending protocol for IOTA EVM and Shimmer EVM, with markets, staking and a bridge. It lists two audits, but its liquidity is small.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.0/10
Mixed
Our verdict on Deepr Finance
6.0/10Deepr Finance suits users already active on IOTA EVM or Shimmer EVM who want a native place to lend and borrow. Its main strengths are a focused market, extra staking and bridge tools, and two named audits from HashEx and Sherlock. The main caveat is size: TVL is roughly 138,700 USD, so liquidity is shallow, and the team and fee details are not published on the homepage. Size positions carefully and read the audits first.
Score breakdown
How Deepr Finance scores
- Security
- 6.0/10
- Ease of use
- 6.5/10
- 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 Deepr Finance?
Deepr Finance is a decentralized lending platform aimed at the IOTA and Shimmer ecosystems. Users can lend assets to earn passive income or borrow against collateral, using transparent on-chain markets.
The site has sections for Markets, Staking and a Bridge, along with a tool called Lighthouse for navigating positions. Tracking data lists it on IOTA EVM and Shimmer EVM, with a native token, DEEPR, and two audits. It has been tracked since January 2024.
Total value locked is about 138,700 USD, which makes it a small protocol. That suits users within the IOTA and Shimmer ecosystems but limits depth for larger deposits or loans.
How Deepr Finance works
Deepr Finance is a pooled lending protocol. Suppliers deposit assets into a market and earn interest. Borrowers lock collateral and borrow other assets from the pool, paying interest that is shared with suppliers.
Rates are normally set by smart contracts based on how much of a pool is borrowed. If a borrower's collateral value falls too far, the position can be liquidated to protect lenders. The homepage does not list Deepr's specific parameters, so users should check the app and docs.
The site also offers Staking and Bridge sections, plus Lighthouse for tracking positions. The protocol runs on IOTA EVM and Shimmer EVM, so users need a compatible wallet and assets on those networks.
7 features
Key features
01
Lending and borrowing markets
Users can supply assets to earn passive income or borrow against collateral, according to the project's description.
02
Markets page
The homepage links to a Markets page where available assets and their rates are listed.
03
Staking
A Staking section is linked from the main navigation. Details of what can be staked are in the app and docs.
04
Bridge
A Bridge section is linked from the site, to help users move assets onto the supported networks.
05
Lighthouse dashboard
The homepage names Lighthouse as the tool for navigating investments and positions.
06
Two named audits
The homepage says the protocol was audited by HashEx and Sherlock, and two audits are listed in tracking data.
07
Subie NFT
The site links to a Subie NFT page, which suggests an NFT element in the ecosystem; the homepage gives no details.
Pros and cons
What we like
- Focused lending market for IOTA and Shimmer, a niche with few comparable options
- Homepage names two auditors, HashEx and Sherlock
- Includes staking and a bridge alongside lending, so users can stay within one interface
- Documentation and community channels on X and Discord are linked
- Has been tracked since January 2024, giving it some operating history
Watch out for
- Total value locked is only about 138,700 USD, so liquidity is shallow and large positions could move rates
- Runs on IOTA EVM and Shimmer EVM, networks with a much smaller user base and fewer integrations than Ethereum-based lending markets
- Audit reports, scope and findings are not summarised on the homepage, so users must read them to judge coverage
- Team, governance process and risk parameters are not described on the homepage
- Lending always carries smart-contract, oracle and liquidation risk, and borrowers can lose collateral if prices fall
Deepr Finance fees
Deepr Finance does not publish a fee schedule on its homepage. Lending protocols typically charge borrowers interest, pay part of it to suppliers, and may keep a reserve share, but the exact figures for Deepr are not stated.
Users also pay network gas fees on IOTA EVM or Shimmer EVM, and any bridge costs. Current rates and parameters are shown in the Markets section of the app and in the docs.
Is Deepr Finance safe?
The homepage says Deepr Finance was audited by HashEx and Sherlock, and tracking data lists two audits. The homepage does not summarise the scope or findings, so readers should review the reports directly. Audits lower but do not remove smart-contract risk.
Lending carries liquidation, oracle and bad-debt risk, and funds sit in smart contracts rather than with the user. With a TVL of roughly 138,700 USD, small pools can be more volatile. The team, licensing and regulatory status are not published on the homepage. Check local rules on DeFi before using it.
6 steps
How to get started with Deepr Finance
- 1
Check that DeFi lending is permitted where you live and that you understand the risks.
- 2
Read the audit reports and documentation linked from the site.
- 3
Set up an EVM-compatible wallet and add the IOTA EVM or Shimmer EVM network.
- 4
Use the Bridge section to move assets to the network you want to use.
- 5
Open the Markets page and review supply and borrow rates for each asset.
- 6
Start with a small deposit, and if you borrow, keep a healthy collateral buffer to avoid liquidation.
Who Deepr Finance is for
Deepr Finance is for DeFi users who hold assets on IOTA EVM or Shimmer EVM and want to earn interest or borrow without moving to another ecosystem. It is less suited to large depositors who need deep liquidity, or to users who want a long track record and a broad range of assets.
Deepr Finance FAQs
What is Deepr Finance?
Deepr Finance is a decentralized lending platform where users can supply assets to earn interest and borrow against collateral. It is built for the IOTA and Shimmer EVM networks and includes markets, staking and bridge sections.
Is Deepr Finance audited?
The homepage says it was audited by HashEx and Sherlock. Audits reduce risk but do not remove it, so read the reports and start with small amounts.
Which blockchains does Deepr Finance support?
Deepr Finance runs on IOTA EVM and Shimmer EVM. The homepage describes it as built for IOTA and Shimmer.
Does Deepr Finance have a token?
The protocol has a token called DEEPR. Its homepage does not explain its exact role, so check the documentation before buying or relying on it.
What are the lending rates on Deepr Finance?
Interest rates and borrowing terms are not listed on the homepage. They are shown in the Markets section of the app and change with supply and demand.
Compare
Deepr Finance alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Save, formerly Solend, is a Solana lending and borrowing protocol where users earn interest on deposits or borrow against collateral.
Same category
More Lending dApps
Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
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.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
Same chain
More on IOTA EVM
Gamma is a non-custodial protocol that automates concentrated liquidity positions on DEXs across many chains for liquidity providers.
Symmio is an intent-based derivatives clearing protocol where third-party frontends route leveraged trades to solvers, aimed at builders and experienced traders
A Move-based Layer 1 blockchain for digital identity, tokenized assets and staking, aimed at enterprises and developers.
WAGMI is a multi-chain decentralized exchange for swapping tokens and providing liquidity, with strategies aimed at using liquidity more efficiently.
MagicSea LB is a Liquidity Book decentralized exchange on IOTA EVM for traders and liquidity providers who want bin-based, concentrated liquidity.
MagicSea AMM is a Liquidity Book DEX and NFT marketplace on IOTA EVM and Shimmer EVM, aimed at traders and liquidity providers on those networks.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.