WanLend Review 2026: Small Cross-Chain Lending on Wanchain

WanLend is a decentralized lending and borrowing platform on Wanchain. Its description says users can deposit crypto to earn interest, or borrow crypto and pay interest. The tracker has listed it since August 2022.

The project began as a Compound-style fork on Wanchain, according to an early blog post. WanLend V2 was later announced as a cross-chain lending protocol built by the WanLend team on Wanchain's multi-chain mechanism, alongside a WAND token launch. WanSwap's integration material also lists WanLend as the ecosystem's lending and borrowing platform.

It is small. Total value locked is about $172,000, and the WAND token has a market cap of around $61,000 with minimal daily volume. Its homepage could not be read, and the page title appears as WanBank2. The project does not publish team, licence or fee details in the material reviewed.

WanLend works like other pool-based lending markets. Suppliers deposit assets into a shared pool and receive a claim on that pool that grows as borrowers pay interest. Borrowers lock collateral, take a loan from the pool, and must keep the value of their collateral above a required threshold.

If the collateral value falls too far, the position can be liquidated by others to repay the debt. Interest rates normally rise when most of a pool is borrowed and fall when plenty of funds sit idle. This is the model of Compound, which an early blog post says the first WanLend version was based on.

WanLend V2 is described as using Wanchain's cross-chain infrastructure, so assets from other blockchains can be represented on Wanchain and used in the lending pools. This adds reliance on the bridge and wrapping layer as well as on the lending contracts.

WanLend does not publish a fee schedule on the pages reviewed. Interest rates for suppliers and borrowers are set by pool utilisation in this type of protocol, and users would see current rates in the markets view of the app.

On top of interest, users pay Wanchain network gas fees for deposits, borrows, repayments and withdrawals. Any protocol reserve factor or liquidation penalty is not stated in the material reviewed, so check the documentation before borrowing.

The tracker records no audits for WanLend, although the project's documentation links to a code audit page. Audit scope, auditor and findings are not covered in the material reviewed. Users should read the report and confirm it applies to the deployed V2 contracts.

Deposits sit in smart contracts, so bugs, oracle failures or bad-debt events could cause losses. Cross-chain assets add bridge and wrapping risk. With a TVL of roughly $172,000, a single large position could strain liquidity. The project does not publish a licence, insurance cover or team information. No hacks are noted publicly reviewed, but a lack of incidents is not proof of safety. Treat any deposit as high risk.

WanLend is for existing Wanchain users and DeFi participants comfortable with small, niche protocols who want to lend or borrow assets within that ecosystem. It is a poor fit for anyone needing deep liquidity, large loan sizes or an extensively audited protocol.