Lends is the flagship lending application on Thorchain with over $140 million in TVL and 300,000 unique users. Thorchain's native ecosystem users use our lending products, such as our 0% interest, no-liquidation loans, enabled by a novel over-collateralization model based on burning rather than accruing interest. The protocol also provides liquidity providers and Thorchain bond holders with lucrative yield opportunities of up to 16.21% and 6.46% per annum respectively. Lends sits within the Thorchain ecosystem and is the primary interface for users to interact with Thorchain, allowing them to extract maximum value from traditional DeFi participants.