Lending · Review
Granary Finance Review 2026: Small Aave-Style Lending Market
Granary Finance is an Aave-inspired lending market that was deployed on eight chains, but it now holds only about $160,300 in TVL and lists no audits. Treat it as a small, high-risk protocol.
By the DappsAtlas editorial team · Updated
DappsAtlas score
3.5/10
Weak
Our verdict on Granary Finance
3.5/10Granary Finance is a small Aave-inspired lending market across eight chains. It suits experienced DeFi users who understand lending risk and want to explore niche markets. Its main strength is the familiar pooled lending design. The main caveat is the lack of listed audits, combined with very low TVL of about $160,300 and an unreachable homepage. Most users will be better served by larger, audited lending protocols.
Score breakdown
How Granary Finance scores
- Security
- 3.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
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 Granary Finance?
Granary Finance is a decentralized lending and borrowing market that describes itself as inspired by Aave. DefiLlama has listed it since March 2022 under the Lending category, with the token GRAIN.
The protocol is listed on Optimism, Metis, Arbitrum, BNB Chain, Avalanche, Fantom, Ethereum and Base. Current TVL is about $160,300, with a 1.4% drop over seven days. That is small for a lending protocol, and lending markets rely on deep liquidity to work well.
The homepage could not be fetched during research, so this review relies on DefiLlama data and price tracker results. Some public reporting for Granary refer to unrelated projects, including a Solana token, which are not part of this review.
How Granary Finance works
Granary follows the pooled lending model popularized by Aave. Suppliers deposit tokens into a shared pool and receive a claim on that pool plus interest. Borrowers post collateral and take loans from the pool, paying interest that is passed to suppliers.
Borrowing is over-collateralized, meaning the value of the collateral must exceed the loan. If collateral value drops below a set threshold, other users can liquidate part of the position and receive a bonus. Interest rates typically rise as more of the pool is borrowed.
Granary's specific parameters, such as supported assets, collateral factors and oracle sources, are not public reviewed.
4 features
Key features
01
Supply and earn
Users supply assets to a liquidity pool and earn interest from borrowers. This is the standard model for Aave-style markets.
02
Collateralized borrowing
Borrowers lock collateral and draw other assets from the pool. Positions can be liquidated if collateral value falls too far.
03
Multi-chain deployment
DefiLlama lists deployments across eight networks, including Ethereum, Arbitrum, Optimism and Base.
04
GRAIN token
A GRAIN token exists and is tracked by DefiLlama and price sites. Its precise role is not described publicly.
Pros and cons
What we like
- Follows the familiar Aave-style pooled lending model
- Deployed on eight networks, including Ethereum, Arbitrum, Optimism and Base
- Listed on DefiLlama since March 2022, so it has some history
- Has its own token, GRAIN, tracked by major data sites
Watch out for
- No audits are listed on DefiLlama for the protocol
- TVL of about $160,300 is very small for a lending market, which limits liquidity depth
- The homepage could not be fetched, so current status and documentation could not be checked
- The GRAIN token shows a price of $0 on some trackers, which points to little or no trading activity
- Multi-chain deployments spread already thin liquidity across many markets
- Fee, interest rate and collateral parameters are not published publicly reviewed
Granary Finance fees
Fee details are not published publicly reviewed. That includes borrow rates, supply rates, reserve factors and liquidation penalties.
In Aave-style markets, interest rates move with pool utilization and are shown in the app next to each asset. Users would also pay network gas fees on whichever chain they use. Check the live interface before opening a position.
Is Granary Finance safe?
DefiLlama lists zero audits for Granary Finance. Lending protocols hold user collateral in smart contracts, so bugs, oracle failures or bad debt can lead to losses. The Aave-inspired design is well known, but forks can differ in parameters and code changes.
The project does not mention hacks, but they also give no information on admin keys, governance or insurance. With low TVL and a token showing zero price on some trackers, users should assume elevated risk and only use funds they can afford to lose. This is not financial advice.
6 steps
How to get started with Granary Finance
- 1
Confirm the official website through the project's verified social account, since the homepage could not be fetched during research.
- 2
Check whether the market on your chosen chain is still active and has meaningful liquidity.
- 3
Look for audit reports and documentation before depositing any funds.
- 4
Connect a self-custody wallet and review the supply and borrow rates for each asset.
- 5
Start with a small test amount, and keep borrowing well below the liquidation threshold.
- 6
Monitor your health factor regularly, because small markets can have volatile rates.
Who Granary Finance is for
Granary Finance is for experienced DeFi users who understand over-collateralized lending, liquidation risk and smart-contract risk, and who want to look at small niche markets. Newcomers and anyone needing deep liquidity should look at larger, audited protocols.
Granary Finance FAQs
What is Granary Finance?
Granary Finance is a decentralized borrowing and lending liquidity market inspired by Aave. Users supply assets to earn interest and borrow against collateral. DefiLlama lists it in its Lending category.
Which blockchains does Granary Finance support?
DefiLlama lists Optimism, Metis, Arbitrum, BNB Chain, Avalanche, Fantom, Ethereum and Base. Whether every deployment is still active is not confirmed publicly reviewed.
What is the GRAIN token?
GRAIN is the protocol's token according to DefiLlama. Some price trackers show a price of $0 and zero 24-hour volume, so liquidity for the token appears very limited. Its exact utility is not covered publicly reviewed.
Has Granary Finance been audited?
DefiLlama lists no audits for Granary Finance. That does not prove the code is unsafe, but it means there is no audit report in the data to rely on. Users should check the project's own documentation before depositing.
Is Granary Finance still active?
Not necessarily. The protocol has been listed since March 2022 and still shows a small TVL, but the homepage could not be fetched during research. Check the live app and the official social account before using it.
Compare
Granary 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.
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.
Same category
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Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
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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.
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.
Benqi is an Avalanche DeFi platform offering lending, borrowing, sAVAX liquid staking and low-barrier validator access, governed by the QI token.
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Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
DeFi Saver is a non-custodial tool for managing and automating leveraged lending positions across major DeFi protocols on Ethereum and layer-2 networks.
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Uniswap V2 is a non-custodial automated market maker DEX on 17 chains for token swaps and liquidity provision, with about $938M TVL.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.