Blend BLENDPrice $ 0.0121

Blend is a decentralized, non-custodial liquidity market protocol on Bitcoin Layer 2, enabling users to supply liquidity and earn passive income or borrow assets using overcollateralized or undercollateralized loans. The protocol is fully transparent, open-source, and audited for security. Interaction involves supplying assets to earn interest or borrowing against supplied collateral. Costs include transaction fees, and supplied funds are stored in smart contracts. Risks include potential smart contract bugs and collateral liquidation issues. Blend's governance is managed through its native token.