Lending · Review
ActiveFriendly Market Review 2026: Nibiru Lending With Cross-Chain Markets
Friendly Market is a small money market on Nibiru Chain that adds cross-chain markets linked to Compound V3. It is early-stage, with very low TVL and no listed audits.
By the DappsAtlas editorial team · Updated
DappsAtlas score
4.8/10
Weak
Our verdict on Friendly Market
4.8/10Friendly Market suits experienced DeFi users who already use Nibiru and want lending with access to Compound V3 liquidity on Ethereum and Base. Its main strength is the combination of native and cross-chain markets in one interface. The main caveat is risk: TVL is only about $6,201, no audits are listed, and the project has a short history. Treat it as an early-stage experiment and verify audits and fees in the documentation before depositing.
Score breakdown
How Friendly Market scores
- Security
- 3.5/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 5.5/10
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 Friendly Market?
Friendly Market is a decentralized lending protocol on Nibiru Chain. Its homepage describes it as a capital-efficient money market with the tagline Supply. Borrow. Earn. It combines Nibiru native markets with cross-chain markets that link to Compound V3 on Ethereum and Base.
The project is new. DefiLlama has listed it since 2025-10-08, shows no token and no audits, and reports TVL of about $6,201. A very large 7-day TVL change figure (over 100,000 percent) mostly reflects the tiny starting base.
The homepage cites $50B+ and $15B+ TVL for Ethereum and Base, but those are the external Compound V3 markets it connects to, not Friendly Market's own deposits. Readers should not confuse the two.
How Friendly Market works
Friendly Market is a money market. Depositors supply assets to a pool and earn a supply APY. Borrowers take assets from the pool, normally by posting collateral, and pay a borrow APY. Rates generally move with utilization, meaning the share of supplied assets that is borrowed.
The protocol has native markets on Nibiru Chain and cross-chain markets. According to the homepage, cross-chain markets connect to Compound V3 on Ethereum and Base, so users on Nibiru can reach that liquidity while staying on Nibiru. How the cross-chain messaging and accounting work is not described publicly available.
The site markets this as capital-efficient lending with unified liquidity. The homepage figures of $50B+ and $15B+ TVL refer to the external Compound V3 deployments, not to Friendly Market itself, whose own TVL on DefiLlama is about $6,201.
5 features
Key features
01
Supply and borrow markets
Users can supply assets to earn yield or borrow against deposits, as the homepage tagline Supply. Borrow. Earn. indicates.
02
Nibiru native markets
Markets run natively on Nibiru Chain, so users can lend and borrow without leaving the network.
03
Cross-chain markets
Cross-chain markets give access to liquidity in external protocols, currently Compound V3 on Ethereum and Base.
04
Rate comparison table
The site compares rates across Nibiru native markets and external protocols in a single table of utilization and APYs.
05
Planned chain expansion
The site lists Polygon, Arbitrum, BSC and Optimism as coming soon, which suggests planned expansion of cross-chain access.
Pros and cons
What we like
- Brings lending and borrowing to Nibiru Chain with native markets.
- Cross-chain markets give access to Compound V3 liquidity on Ethereum and Base without leaving Nibiru.
- Markets table compares rates across native and external protocols.
- No token is required, and the product is simple: supply, borrow, earn.
- Documentation, FAQ and community channels (Telegram, Twitter, Discord) are linked from the site.
Watch out for
- TVL is only about $6,201 on DefiLlama, so on-chain liquidity is tiny.
- No audits are listed in DefiLlama data, and none are mentioned on its homepage.
- Listed only since October 2025, so there is little track record.
- Cross-chain markets depend on external protocols such as Compound V3, adding a second layer of smart-contract risk.
- Markets beyond Ethereum and Base (Polygon, Arbitrum, BSC, Optimism) are only marked as coming soon.
- Fees, collateral factors and liquidation rules are not shown in its homepage provided.
Friendly Market fees
Fees are not published publicly available. Its homepage does not state reserve factors, borrow fees or protocol charges.
Borrow and supply APYs appear in the markets table on the live app, and the documentation and FAQ are the places to look for fee and liquidation details. As with any lending market, users also pay network gas fees on the chains they use.
Is Friendly Market safe?
No audits are listed on DefiLlama for Friendly Market, and its homepage does not mention any. Lending protocols carry smart-contract risk, oracle risk and liquidation risk, and cross-chain markets add dependence on external protocols and the bridging or messaging layer. The project does not say who the team is or how the contracts are governed or upgraded.
With TVL around $6,201 and a listing date of October 2025, the track record is short. No incidents are mentioned publicly, but absence of data is not evidence of safety. Check the documentation for audit reports and admin controls, and only deposit what you can afford to lose.
6 steps
How to get started with Friendly Market
- 1
Read the documentation and FAQ on the official site to understand the markets and risks.
- 2
Check whether an audit report is published and read it before depositing.
- 3
Set up a wallet that supports Nibiru Chain and fund it with the assets you plan to use.
- 4
Connect the wallet to the Friendly Market app and compare supply and borrow APYs in the markets table.
- 5
Start with a small supply deposit to learn how the interface works.
- 6
If borrowing, keep a safe margin above the liquidation threshold and monitor your position.
Who Friendly Market is for
Friendly Market is aimed at Nibiru Chain users and DeFi participants comfortable with early-stage lending protocols who want to earn yield or borrow while staying on Nibiru. It is not a good fit for beginners or anyone who needs audited, battle-tested contracts.
Friendly Market FAQs
What is Friendly Market?
Friendly Market is a decentralized lending protocol on Nibiru Chain. Users can supply assets to earn interest or borrow against them, using Nibiru-native markets and cross-chain markets.
Which blockchains does Friendly Market support?
DefiLlama lists Nibiru as its chain. The homepage says cross-chain markets connect to Compound V3 on Ethereum and Base, with Polygon, Arbitrum, BSC and Optimism marked as coming soon.
Does Friendly Market have a token?
No. DefiLlama lists the token as none and its homepage does not mention one.
Has Friendly Market been audited?
No audits are listed on DefiLlama. Its homepage does not mention any either, so check the documentation for audit reports before depositing.
Is Friendly Market safe to use?
Not on the evidence available. DefiLlama shows TVL of about $6,201 and a listing date of October 2025. A TVL this small and a short history mean higher risk, and users should only risk what they can afford to lose.
Where can I see interest rates?
The homepage shows a markets table with utilization, total supplied, supply APY, total borrowed and borrow APY. The values load dynamically and are not included publicly, so check the live app.
Compare
Friendly Market alternatives
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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.
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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.
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ICHI is a non-custodial liquidity manager whose vaults turn single-token deposits into concentrated liquidity positions that earn trading fees.
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How we checked
Sources
- 1.defillama.com/protocol/friendly-market
- 2.reuters.com/article/friendlys-idCNS1E78S1YA20110929/
- 3.frbsf.org/research-and-insights/publications/economic-letter/2009/02/market-small-business-loans/
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