Lending · Review
Increment Finance Review 2026: Flow's Lending and Swap Hub
Increment Finance is a set of DeFi apps on the Flow blockchain: a pool-based money market, a dual-mode DEX and a farm. It suits Flow users who want lending and swapping in one place, but audits and fees are not clearly published.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.2/10
Mixed
Our verdict on Increment Finance
6.2/10Increment Finance suits Flow users who want a money market, a DEX and a farm in one non-custodial app. Its strength is that breadth on a single chain, with a pool-based lending design and open-source money market code. The main caveat is that audits, fees and team details are not published in the material reviewed, and everything depends on Flow's ecosystem. Verify the current rates, risks and documentation before depositing, and size positions with liquidation risk in mind.
Score breakdown
How Increment Finance scores
- Security
- n/a
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 6.5/10
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 Increment Finance?
Increment Finance is a DeFi platform built on the Flow blockchain. Its app groups three functions: Swap, Lending and Farm. Users connect a wallet and work with their own tokens rather than depositing with a company.
The lending side is Increment Earn, described as a pool-based, algorithmically-set interest rate money market for fungible tokens. The trading side is Increment Swap, a dual-mode decentralized exchange that lets users create arbitrary trading pairs.
The project does not publish audit reports, team details or fee schedules in the material reviewed, so users should check those inside the app and documentation before committing funds. Its Flow-only focus is both its niche and its main limit.
How Increment Finance works
The money market is pool-based. Users supply tokens to a pool for each asset, and the protocol aggregates those funds so other users can borrow them. Interest rates are set algorithmically, so they shift as borrowing demand changes. Supplied funds can also serve as collateral for borrowing.
Increment Swap works as a DEX instead of an order book. It is described as dual-mode and lets users create arbitrary trading pairs between tokens. Liquidity providers deposit tokens into pairs so that traders can swap against them.
The app also includes a farm section. Farms typically reward liquidity providers with extra tokens, but the sources reviewed do not describe which rewards or pools are currently active.
6 features
Key features
01
Increment Earn money market
A pool-based money market for fungible tokens on Flow. It aggregates supplied funds into pools that others can borrow from.
02
Algorithmic interest rates
Interest rates are set by an algorithm rather than negotiated, so rates respond to how much of each pool is borrowed.
03
Borrowing against deposits
Supplied funds can be used as collateral to borrow other tokens in the same money market.
04
Dual-mode DEX
Increment Swap is a dual-mode decentralized exchange on Flow. Users can create arbitrary trading pairs between tokens.
05
Swap, lending and farm in one app
The app lists a Swap, Lending and Farm section, so users can move between trading, lending and farming in one interface.
06
Open-source money market code
The money market code is published in a public GitHub repository, which lets developers inspect how the protocol is built.
Pros and cons
What we like
- Covers lending, swapping and farming in one interface on Flow
- Money market code is publicly available on GitHub
- Algorithmic rates remove manual rate-setting and respond to supply and demand
- Dual-mode DEX allows arbitrary trading pairs rather than a fixed token list
- Non-custodial: users connect their own wallet
Watch out for
- Concentrated on the Flow blockchain, so it depends on one chain's liquidity and user base
- No audit reports, team details or insurance cover appear
- Interest rates are set by an algorithm and can move quickly with pool utilization
- Fee levels for swaps, borrowing and farming are not published in the sources reviewed
- The app needs JavaScript and a connected wallet, so it is not a custodial, beginner-style service
Increment Finance fees
The sources reviewed do not publish swap fees, borrowing spreads or farming fee splits. In a pool-based money market, the borrow rate is set by the algorithm, and suppliers earn a share of what borrowers pay.
Users would see the live rates and any swap fees inside the app before confirming a transaction. Network transaction fees on Flow apply on top of any protocol fees.
Is Increment Finance safe?
The sources reviewed do not mention audits, bug bounties, insurance or past incidents, so no security claim can be verified here. As with any lending and DEX protocol, the main risks are smart-contract bugs, oracle or pricing problems, and liquidation of borrowed positions during sharp price moves.
The platform is non-custodial, meaning you hold your keys and interact through a wallet, but deposited funds sit in smart contracts. Only deposit what you can afford to lose, and read the project's documentation for current audit and risk information.
6 steps
How to get started with Increment Finance
- 1
Set up a Flow-compatible wallet and fund it with the tokens you plan to use.
- 2
Open the Increment Finance app and choose Connect Wallet.
- 3
Pick the section you need: Swap, Lending or Farm.
- 4
For lending, choose a token market and supply funds to earn the algorithmic rate.
- 5
If you borrow, keep a safe margin between your debt and your collateral to reduce liquidation risk.
- 6
Check the rate or swap quote and the network fee, then confirm the transaction in your wallet.
Who Increment Finance is for
Increment Finance is for people already using Flow who want to earn interest on tokens, borrow against them, swap tokens or provide liquidity without a centralized intermediary. It is less suited to newcomers who want a custodial, support-backed service, or to users who want multi-chain access.
Increment Finance FAQs
What is Increment Finance?
Increment Finance is a DeFi platform on the Flow blockchain. Its main parts are Increment Earn, a decentralized money market for lending and borrowing, and Increment Swap, a decentralized exchange. The app also has a farm section.
What is Increment Earn?
Increment Earn is a pool-based money market for fungible tokens on Flow. Users supply tokens to a pool, and the interest rate is set algorithmically. Supplied funds can then be used as collateral to borrow other tokens.
How does Increment Swap work?
Increment Swap is described as a dual-mode DEX on Flow. It lets users create arbitrary trading pairs between tokens, and users can also provide liquidity to those pairs.
Which wallet do I need to use Increment Finance?
The project describes the first step as connecting the app to a wallet, then choosing the token market. The sources do not publish a list of supported wallets, so check the app's connect screen.
Is Increment Finance safe?
The sources do not publish fee schedules, audit reports or a safety record. Like any DeFi protocol it carries smart-contract risk, and borrowing adds liquidation risk. Check the app and project documentation before depositing.
Is Increment Finance only on Flow?
Yes, it runs on Flow, so it is distinct from Ethereum-based lending markets. You would need Flow-compatible tokens and a Flow wallet to use it.
Compare
Increment 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 Flow
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Ankr is a Web3 infrastructure provider offering multichain RPC, rollup services and liquid staking for stakers, developers and enterprises.
Increment Finance is an all-in-one DeFi platform on Flow offering a DEX, lending market, oracle, farms and liquid staking for Flow users.
NBA Top Shot is a licensed NBA highlight NFT marketplace on Flow from Dapper Labs, built around pack drops and trading for basketball fans.
NFL All Day is the NFL and NFLPA licensed NFT platform from Dapper Labs on Flow, where fans buy and trade video highlight Moments.
Crossmint provides APIs and widgets for app builders adding embedded wallets, crypto payments and NFT tokenization.
How we checked
Sources
No public sources were recorded for this review.
Last updated . Spotted an error? Tell us and we will correct it.