Lending · Review
ActiveYeiLend Review 2026: Sei's Lending Market and YeiSwap Link
YeiLend is a non-custodial money market on the Sei network, paired with a DEX called YeiSwap. It is a small but active lending venue with no listed audits.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.2/10
Mixed
Our verdict on YeiLend
6.2/10YeiLend suits DeFi users already active on Sei who want a native place to lend or borrow assets like USDC, SEI or WETH, and who may also use YeiSwap. Its main strength is a focused money market with an integrated DEX and vault strategies. The main caveat is trust: no audits are listed, TVL is small, and the homepage doesn't publish fees or team details. Treat it as a higher-risk venue, start small, and read the docs before borrowing.
Score breakdown
How YeiLend scores
- Security
- 4.5/10
- Ease of use
- 7.0/10
- 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 YeiLend?
YeiLend is the lending product of Yei Finance, a DeFi project built on the Sei network. It describes itself as a decentralized, non-custodial money market. Users deposit assets to earn yield or borrow against collateral.
The homepage lists markets for USDC, SEI, USDT0, WETH, WBTC and SolvBTC. It also promotes YeiSwap, a DEX on Sei, and automated vaults that aim to boost returns on deposited assets. The branding talks about multichain DeFi, though the lending markets are tracked on Sei only.
Tracked TVL is about $4.3 million, with a roughly 7% drop over the past week. The project has been listed since June 2024 and has a token tracked as CLO. No audits are listed, and the homepage does not publish team, fee or risk-parameter details.
How YeiLend works
A money market pools deposits from many users. Suppliers add tokens to a pool and earn interest. Borrowers post collateral, take out a loan from the same pool and pay interest. Rates move with how much of the pool is borrowed.
If the value of a borrower's collateral falls too far relative to their debt, the position can be liquidated. A third party repays part of the debt and receives some of the collateral, which protects lenders. This is the main risk for borrowers.
YeiSwap sits next to the lending side. The homepage says liquidity providers can earn trading fees and lending interest on the same capital, plus extra rewards, and that automated vaults can run yield strategies. The exact mechanics of how lending and swap liquidity link are not detailed on the homepage.
6 features
Key features
01
Money market lending
Users can supply assets such as USDC, SEI, USDT0, WETH, WBTC and SolvBTC to earn a supply APY, or borrow them at a variable borrow APY.
02
Non-custodial design
The protocol describes itself as decentralized and non-custodial, so users keep control of their assets through their own wallet rather than handing them to a company.
03
YeiSwap integration
YeiSwap is the integrated DEX on Sei. The homepage claims fast, low-cost swaps with near-zero slippage on supported pairs.
04
Dual yield on liquidity
The homepage says liquidity providers can collect swap fees, lending interest and extra YeiSwap rewards from a single deposit.
05
Borrow against collateral
Collateral posted on YeiLend can be borrowed against while the assets stay productive, according to the homepage.
06
1-click strategies
The site advertises automated vaults that apply optimized yield strategies with one click.
Pros and cons
What we like
- Covers the common lending use cases: supply, borrow and earn on major assets including USDC, WETH and WBTC.
- Non-custodial design means users keep control of funds through their own wallet.
- Linked DEX (YeiSwap) and vaults let users reach several yield sources in one ecosystem.
- Has been live since mid-2024, which gives it a longer record than brand-new launches.
- Focused on Sei, a fast chain where transaction costs are typically low.
Watch out for
- No audits are listed for the protocol, and the homepage names no auditors under its "Security Allies" heading.
- TVL is small, at roughly $4.3 million, and fell about 7% over the last seven days, so liquidity depth may be limited for large positions.
- Borrowing carries liquidation risk if collateral prices fall, which is especially relevant for volatile assets like SEI and WETH.
- The protocol depends on a single chain, Sei, so chain-level problems or bridge issues would affect it directly.
- Fee structure, interest rate model details and team information are not published on the homepage.
- The homepage pitches a multichain future, but the lending markets are tracked on Sei only.
YeiLend fees
The homepage does not publish a fee schedule. Supply and borrow rates are variable and shown as APY figures per asset in the app, and the live values on the homepage appear as placeholders.
Users should expect to pay Sei network gas on each transaction, swap fees on YeiSwap, and the interest cost of any borrow. Protocol-level reserve factors or liquidation penalties are not stated on the homepage, so check the docs and the app's market pages before borrowing.
Is YeiLend safe?
No audits are listed for YeiLend, and the homepage's "Security Allies" section names no auditors. That does not mean the code was never reviewed, but readers should look for audit reports in the official docs before depositing meaningful funds.
Lending protocols carry smart-contract risk, oracle risk and liquidation risk, and they depend on the health of the chain they run on. Because TVL is modest, a bad-debt event or liquidity shortfall could matter more than on larger markets. No hacks or incidents are mentioned. Never borrow more than you can safely cover if prices move.
6 steps
How to get started with YeiLend
- 1
Set up a wallet that supports Sei and fund it with a small amount of SEI for gas.
- 2
Open the official Yei Finance site and use the Launch App button, checking the address carefully to avoid copycat sites.
- 3
Browse the markets list and compare supply and borrow APY for assets like USDC, SEI or WETH.
- 4
Connect your wallet and supply a small test amount to see how deposits and collateral settings work.
- 5
If you borrow, keep a wide margin between your debt and your liquidation threshold, and monitor your health factor.
- 6
Read the official docs for liquidation rules, supported assets and risk parameters before adding larger amounts.
Who YeiLend is for
YeiLend is for DeFi users who already hold assets on Sei and want to earn interest or borrow against them. It also suits people curious about combining lending and liquidity provision through YeiSwap. It is less suited to beginners who need audited, long-established venues, or to anyone who needs deep liquidity for large positions.
YeiLend FAQs
What is YeiLend?
YeiLend is a decentralized, non-custodial money market on the Sei network, run under the Yei Finance brand. Users supply assets to earn interest or borrow against collateral.
Which assets can I lend or borrow on YeiLend?
The homepage lists USDC, SEI, USDT0, WETH, WBTC and SolvBTC among its markets, and there is a link to view all markets. The full list can change over time, so check the app.
Which blockchain does YeiLend use?
It runs on Sei. The homepage talks about multichain DeFi as a goal, but the lending markets are tracked on Sei only.
Is YeiLend audited?
No audits are listed for the protocol, and the homepage does not name its security partners. Any DeFi lending protocol carries smart-contract, oracle and liquidation risk, so only use funds you can afford to lose.
Does YeiLend have a token?
The tracked token is CLO, and the homepage includes a Clovis section. The project does not detail its exact role, so read the official docs before buying or relying on it.
What is YeiSwap?
YeiSwap is the project's DEX on Sei. The homepage says liquidity providers can earn swap fees, lending interest and extra YeiSwap rewards on the same deposit.
Compare
YeiLend 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
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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.
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
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Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Sablier Lockup is an audited onchain protocol for token vesting, payroll, grants and airdrops, aimed at DAOs and businesses across many chains.
Gate is a centralized crypto exchange founded in 2013 offering spot, futures, stocks and earn products for traders who want one multi-asset account.
Bitget is a centralized exchange for crypto spot and futures that also offers tokenized stocks, commodities and forex in one account, for active traders.
Backpack is a crypto exchange, US stock broker and self-custody wallet offering perps, lending yield and cross-collateral margin in one app.
How we checked
Sources
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