What Liquid Loans does

Liquid Loans is a decentralized, over-collateralized lending protocol that issues interest-free loans against crypto collateral. Users deposit supported assets into Vaults, mint the USDL stablecoin against their collateral position, and repay at any time to retrieve their collateral — a 0% interest model funded instead by one-time origination fees (0.5%–5%) and redemption fees. The protocol is operated by Crave Management FZCO, a UAE-registered entity headquartered in Dubai, and is governed by holders of the LOAN token, who direct the Stability Pool, LOAN Staking Pool, and protocol parameters.

The protocol is deployed on two networks: PulseChain (since 2022, using Fetch Oracle for price feeds) and Base (since 2024, using Chainlink). Smart contracts have been audited by Halborn, and the protocol has operated on mainnet for 956+ days without an exploit. The architecture comprises four interlocking components — Vaults (collateral management), USDL (the minted stablecoin), the Stability Pool (liquidity backstop for liquidations), and the LOAN Staking Pool (governance and reward distribution) — creating a closed-loop DeFi economy.

The revenue model is fee-based: origination fees on new loans, redemption fees on early loan closure, and the implicit value capture of the Stability Pool (where liquidators and the pool absorb collateral at a discount). Since launch, the protocol has minted $6.1M+ in USDL and the user base has earned $11M+ in combined fees, with 9,325+ wallets connected across 100+ countries. The team consists of approximately 15–16 members, and the protocol has no disclosed traditional VC funding, functioning primarily through token-based treasury and operating revenues.

Name

Liquid Loans

Legal name

Crave Management FZCO

Website

https://liquidloans.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Liquid Loans is a decentralized lending protocol offering 0% interest crypto-backed loans via the USDL stablecoin, deployed on PulseChain and Base and operated by Crave Management FZCO from Dubai. It serves retail and small-scale DeFi participants across 100+ countries through Vaults, a Stability Pool, and the LOAN governance token.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Lending

NAICS

Depository Credit Intermediation (5221)

SIC

Finance Services (6199)

akta.pro primary industry

Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)

akta.pro secondary industries

Decentralized Lending & Borrowing Protocols (FSADAMAA), Stablecoin Protocols (Decentralized) (FSADAMAD)

Keywords

• Decentralized lending
• Crypto lending protocol
• Stablecoin minting
• Collateralized borrowing
• DeFi yield earning

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Borrowing Fees: One-time fee charged whenever users borrow USDL from the protocol. Fee range is between 0.5% and 5.0% depending on demand for loans. This is the primary revenue mechanism.
2. Redemption Fees: Fee charged when users redeem USDL to unlock collateral. Earnings distributed to LOAN token stakers.
3. Stability Pool Liquidation Gains: USDL holders providing liquidity to the Stability Pool earn gains from liquidation events plus LOAN token incentives.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

Liquid Loans is a decentralized, non-custodial lending protocol that enables users to borrow against crypto collateral (ETH on Base, PLS on PulseChain) at 0% interest by minting the USDL stablecoin. The protocol features immutable smart contracts with no admin keys, 110% minimum collateral ratios, and a hard redemption price floor. Users earn yield through Stability Pool deposits and LOAN token staking, while maintaining full upside exposure to their underlying crypto assets.

Product overview

Liquid Loans is a unified DeFi protocol offering 0% interest-free borrowing and earning through three interconnected products: the core Liquid Loans Protocol (decentralized lending platform on Base and PulseChain), USDL (fully collateralized stablecoin), and LOAN token (revenue-sharing token). Users access the protocol through Vaults to lock collateral and mint USDL, while the Stability Pool and LOAN Staking Pool provide earning opportunities for liquidity providers. The ecosystem is supported by The Coin Zone education platform and the LL Librarian chatbot assistant.

Differentiator

Problem solved

Functional benefit

Products and services

• Liquid Loans Protocol A decentralized, non-custodial lending protocol enabling 0% interest-free loans by locking crypto collateral (ETH on Base, PLS on PulseChain) to mint USDL stablecoin, with immutable smart contracts and no admin keys.
• USDL Stablecoin A fully decentralized, crypto-collateralized stablecoin pegged to $1 USD, minted when users deposit ETH or PLS into Vaults and redeemable 1:1 for underlying collateral.
• LOAN Token The secondary protocol token capturing fee revenue generated by the system, earned by providing USDL to the Stability Pool and stakable to earn proportional rewards from borrowing and redemption fees.
• Vault Individual user-owned smart contracts where users lock ETH or PLS collateral to mint USDL loans, with full user custody and no third-party access.
• Stability Pool A decentralized liquidity pool of USDL depositors that absorbs protocol liquidations in exchange for LOAN token rewards and liquidation gains.
• LOAN Staking Pool A staking mechanism where LOAN token holders stake their tokens to earn a proportional share of protocol borrowing and redemption fees paid in USDL and ETH/PLS.

Quantifiable outcome

• Liquid Loans Vault generated 31.0% yield over 12 months compared to Gold at 28.0% and traditional high-yield savings at 4.6%
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature9 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Aeternum Consulting LtdminorGTM or Marketing Partner · 11 March 2026Liquid Loans signed an MoU with Aeternum Consulting as part of the Unchained Summit Vietnam 2026 event in Da Nang. Liquid Loans is one of several partners (alongside Vietnam Blockchain Association and Open Campus) for this blockchain summit positioned to establish Da Nang as a Web3 innovation hub in Southeast Asia.
• Fetch OraclecoreTechnology or IntegrationFetch Oracle is the decentralized oracle system powering Liquid Loans on PulseChain, providing price feeds for collateral valuation and liquidation mechanisms. Built natively for PulseChain and powered by Tellor technology, it was audited by Halborn alongside Liquid Loans.
• HalborncoreTechnology or IntegrationElite blockchain security firm with 100+ offensive security engineers engaged to conduct comprehensive audits and security assessments of Liquid Loans smart contracts between June 2023 and November 2023.
• ChainlinkcoreTechnology or IntegrationChainlink provides decentralized price feeds for the Liquid Loans protocol on Base, powering accurate collateral valuation and liquidation mechanisms.
• The Coin ZoneminorGTM or Marketing PartnerCrypto education platform co-branded with Liquid Loans providing market insights, educational content, and driving awareness. Paul, Head of Video/Content Creator at Liquid Loans, also serves as lead content presenter at The Coin Zone.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ZeroLend: ZeroLend is a decentralized lending protocol originally built on PulseChain, making it the most direct PulseChain-native peer to Liquid Loans. Comparable as a money market on the same underlying chain, with overlapping user demographics.
• Aave: Aave is the largest decentralized liquidity protocol enabling users to lend and borrow crypto assets via variable and stable interest rates. Comparable to Liquid Loans as a DeFi money market, though Aave charges ongoing interest and supports a broader asset universe.
• Compound: Compound is a foundational decentralized lending protocol with algorithmic interest rates on crypto collateral. Directly comparable to Liquid Loans as a DeFi lending protocol, though it operates with variable interest and admin-controlled governance.
• Spark Protocol: Spark is a MakerDAO-powered lending protocol on Ethereum enabling DAI borrowing against crypto collateral. Comparable to Liquid Loans as a collateralized debt position protocol with stablecoin issuance, though Spark is backed by Sky/MakerDAO's institutional ecosystem.
• MakerDAO: MakerDAO is the leading decentralized lending protocol and issuer of the DAI stablecoin via collateralized debt positions. Comparable to Liquid Loans in offering collateralized borrowing that mints a USD-pegged stablecoin, though MakerDAO charges variable stability fees rather than 0% interest.
• Liquity: Liquity is a decentralized borrowing protocol that issues LUSD stablecoin against ETH collateral at 0% interest. Highly comparable to Liquid Loans' 0% interest model, with the key difference being Liquity runs on Ethereum L1 while Liquid Loans operates on Base and PulseChain.

Broad incumbents

• Curve Finance: Curve Finance is a major DeFi protocol with stablecoin liquidity and lending functions, including crvUSD stablecoin issuance via LLAMMA. Comparable as a DeFi incumbent operating on multiple chains including Ethereum and Base, with overlapping stablecoin issuance mechanisms.
• Sky/MakerDAO: Sky (formerly MakerDAO) is the largest decentralized lending and stablecoin ecosystem issuing DAI and USDS. Comparable to Liquid Loans as the dominant DeFi CDP issuer, with broader institutional adoption and a much larger treasury.

Emerging players

• Prisma Finance: Prisma Finance is a decentralized protocol issuing the mkUSD stablecoin via collateralized debt positions similar to Liquity and Liquid Loans. Comparable as an emerging CDP-based stablecoin issuer, though with different collateral types and DAO governance.

Regional players

• Venus Protocol: Venus is a decentralized money market on BNB Chain offering lending and synthetic stablecoin (VAI) issuance. Comparable to Liquid Loans as a CDP/lending hybrid, though focused primarily on the BNB Chain ecosystem rather than Base/PulseChain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/liquidloansio
• YouTubeyoutube.com/channel/UCN6FyFBHf4s4Nxibz3brE8g
• LinkedInlinkedin.com/company/liquid-loans
• Instagraminstagram.com/liquidloansio
• TikToktiktok.com/@thecoinzone
• Facebookfacebook.com/liquidloansio

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liquid Loans