📊 Shell Finance — Organic Keyword Rankings (SEMrush)
Source: SEMrush — shellfinance.xyz — BTCFi niche · Popularity scores are relative to niche volume · Project now defunct.
Shell Finance — shellfinance.xyz Alternatives
$sUSD Pioneer BTCFi L1Innovation Score
7.9 / 10
↑ First Runes DeFi
Status: Ceased operations 2025–2026
⚠️ Shell Finance — Project Discontinued
Shell Finance (shellfinance.xyz) was a pioneering Bitcoin L1 DeFi protocol that has ceased all operations. This page is an independent editorial review of its features, tokenomics and history. Several active BTCFi alternatives are available — see the full comparison below.
- Innovation Score
- 7.9 / 10
- Chain
- Bitcoin L1
- Stablecoin
- $sUSD
- Collateral
- BTC + Ordinals
- Mainnet Launch
- Dec 2024
- Risk Index
- Defunct
CoinVentureLab
Native, no bridge
Runes Protocol
Runes, BRC-20, ARC-20
app.shellfinance.xyz
Project closed 2025–26
🔬 Shell Finance — Platform Analysis & Position
| Category | Bitcoin L1 DeFi — Decentralized Stablecoin & Lending Protocol |
| Primary Keyword | shell finance — Brand keyword, BTCFi niche, high intent |
| Top Keywords | btcfi (100), bitcoin defi (100), runes protocol defi (98) — all high niche popularity |
| Traffic Model | BTCFi early adopter niche — low volume, very high intent visitors |
| Unique Position | First DeFi protocol based on the Runes Protocol · First Runes project integrating PFP mining with utility |
| Sentiment | ▲ BTCFi category growing despite project shutdown |
| Competition | Low KD on Runes-specific terms · high on Bitcoin DeFi — moderate difficulty |
| Growth Signal | BTCFi narrative accelerated post-Halving 2024 — Shell Finance was an early mover |
✨ Shell Finance — Key Features (Archived)
Source: shellfinance.gitbook.io/shell — archivedAccording to the official documentation (archived at shellfinance.gitbook.io/shell), Shell Finance described itself as the "Decentralized Central Bank of Bitcoin" — a trustless lending protocol built natively on Bitcoin Layer 1. Below are the features the protocol shipped before ceasing operations.
Bitcoin L1 Native — No Wrapping Required
Shell Finance was built directly on the Bitcoin Layer 1 network — not on a sidechain, not on a bridge. Users could borrow $sUSD without leaving Bitcoin's security model. This was a fundamental architectural distinction from projects on RSK or Stacks that required wrapping BTC.
$sUSD — Bitcoin-Native Synthetic Stablecoin
Shell Finance issued $sUSD (sUSD•sUSD•sUSD), a synthetic stablecoin pegged 1:1 to the US dollar and built on the Runes Protocol. Users pledged Bitcoin L1 assets as collateral and received $sUSD in return — directly on Bitcoin L1, without involving Ethereum or wrapped assets.
MakerDAO Model — Applied to Bitcoin
Shell Finance's business model was explicitly modelled on MakerDAO: users deposited collateral to borrow a synthetic stablecoin, with the protocol serving as the intermediary. Unlike MakerDAO which relied on Ethereum smart contracts, Shell Finance implemented this through trustless Bitcoin Script contracts and a Peer-to-Pool framework for the UTXO model.
Multi-Asset Collateral: BTC, Ordinals, Runes, BRC-20
The protocol accepted an unusually wide range of Bitcoin L1 assets as collateral: native BTC, Ordinals NFTs (including NodeMonkes, Ordinal Maxi Biz, Quantum Cats), Runes tokens, BRC-20 tokens, and Atomicals (ARC-20). This multi-asset collateral model aimed to unlock liquidity from the entire Bitcoin on-chain asset ecosystem.
Liquidation Auctions & Arbitrage System
Shell Finance shipped a liquidation auction mechanism at mainnet launch (December 2024), allowing external liquidators to participate in auctions when collateral fell below required ratios. This was designed to maintain $sUSD peg stability and created a native arbitrage opportunity for sophisticated users in the BTCFi ecosystem.
Darkman Genesis NFT — PFP Mining with Utility
Shell Finance's Darkman collection was positioned as the first Runes project integrating profile picture (PFP) mining with real DeFi utility. Darkman NFT holders received whitelist access and protocol benefits. The collection was designed to merge art, community identity and protocol governance — a mechanic that was novel in the Bitcoin Runes ecosystem.
Multi-Wallet Support
The protocol was compatible with the major Bitcoin L1 wallets at launch: OKX Wallet, UniSat Wallet, and Xverse Wallet. This broad wallet compatibility was critical for user onboarding in the Bitcoin L1 DeFi space, where wallet fragmentation was a known barrier to adoption.
🟡 $sUSD — Stablecoin & Protocol Model (Archived)
Source: shellfinance.gitbook.io/shell — Project defunctShell Finance's core product was the $sUSD stablecoin — the first synthetic dollar issued on Bitcoin's Runes Protocol. Below is the archived protocol structure as documented before the project ceased operations.
⚠ Important: Shell Finance and its $sUSD stablecoin are no longer actively maintained. All contract addresses below are provided for historical reference only. Do not attempt to interact with these contracts.
| Protocol Name | Shell Finance — Decentralized Central Bank of Bitcoin |
| Stablecoin | $sUSD (sUSD•sUSD•sUSD) — pegged 1:1 to USD |
| Stablecoin Standard | Runes Protocol on Bitcoin L1 |
| Collateral Accepted | BTC, Ordinals NFTs, Runes tokens, BRC-20, ARC-20 (Atomicals) |
| Supported Wallets | OKX Wallet, UniSat Wallet, Xverse Wallet |
| Model | MakerDAO-style · over-collateralized · Peer-to-Pool UTXO framework |
| Mainnet Launch | December 4, 2024 — app.shellfinance.xyz/borrow |
| Status | Defunct — no active operations |
Protocol Revenue Model
Primary Revenue
Borrowing fees on $sUSD issuance. Liquidation auction fees when collateral fell below required ratios. $sUSD was the settlement currency for all protocol interactions.
Collateral Model
Over-collateralized loans — users pledged Bitcoin L1 assets worth more than the $sUSD borrowed. Liquidations maintained the peg. Modelled explicitly on MakerDAO's DAI system.
NFT Layer
Darkman Genesis NFT collection integrated PFP art with protocol utility — holders received whitelist access and governance benefits within the Shell Finance ecosystem.
BTC Yield
Users who staked $sUSD could earn additional $sUSD yield — a native Bitcoin DeFi yield mechanism. Arbitrage between $sUSD markets provided additional incentive for active participants.
Source: shellfinance.gitbook.io/shell — archived. All data reflects the project's state prior to shutdown. CoinVentureLab is an independent editorial platform and this is not financial advice.
🔀 Best Shell Finance Alternatives — BTCFi Comparison 2026
Updated 2026 · 6 platforms testedShell Finance ceased operations in 2025–2026. Here are the best active alternatives to access Bitcoin DeFi, ranked by overall editorial score.
| Platform | Type | Overall score | Key strengths | Verdict | Model | |
|---|---|---|---|---|---|---|
|
Liquidium
Closest successor · Bitcoin L1
|
Bitcoin L1 |
9.1/10
|
The natural successor to Shell Finance on Bitcoin L1. Native, non-custodial lending against Ordinals and Runes. No wrapping, no bridges. |
P2P Fee on loan |
⛓️ Liquidium ↓ | |
|
Sovryn
Full DeFi suite on RSK/Bitcoin
|
Bitcoin L2 |
8.7/10
|
Closest to Shell Finance's MakerDAO model. ZUSD stablecoin, 0% interest rate borrowing via Zero protocol. Merge-mined with Bitcoin for security. |
DeFi pool One-time fee |
🏛️ Sovryn ↓ | |
|
Stacks / Arkadiko
BTC-backed stablecoin USDA
|
Bitcoin L2 |
8.2/10
|
Most mature Bitcoin L2 DeFi. USDA backed by locked STX earning BTC yield. Closest to Shell Finance's stablecoin issuance model on Bitcoin. |
DeFi Free to start |
🔗 Stacks ↓ | |
|
Rootstock / Money On Chain
Dollar On Chain — BTC-backed
|
Bitcoin L2 |
7.8/10
|
Largest protocol on Rootstock with $100M+ TVL. Dollar On Chain (DOC) is the only stablecoin fully backed by Bitcoin. Deep, proven track record. |
DeFi Stability fee |
💰 MoC ↓ | |
|
Bitflow Finance
BTCFi yield on Stacks
|
Bitcoin L2 |
7.5/10
|
Rising BTCFi yield protocol on Stacks. Native BTC yield products without bridges. Growing sBTC integration positions it well for 2026 BTCFi growth. |
DeFi LP fees |
⚡ Bitflow ↓ | |
|
Babylon Protocol
Self-custodial BTC staking
|
BTC Staking |
7.3/10
|
Largest BTC staking protocol by TVL. Non-custodial — Bitcoin stays in user wallets. Different use case from Shell Finance but leads the BTCFi narrative in 2026. |
Staking Protocol fee |
₿ Babylon ↓ |
Legend:
Bitcoin L1Native Bitcoin base layer
Bitcoin L2Bitcoin sidechain or Layer 2
BTC StakingNative BTC staking product
Scores: independent editorial review — CoinVentureLab · 2026
📰 Latest BTCFi & Bitcoin DeFi News
Apr 2026
Bitcoin DeFi TVL Reached 91,332 BTC at Peak — BTCFi Narrative Accelerating Despite Decline From ATH
Apr 2026
Liquidium Emerges as Top Bitcoin L1 Lending Protocol After Shell Finance Shutdown — Non-Custodial PSBT Model Gains Traction
Feb 2026
Citrea Launches Bitcoin Rollup Mainnet — New Wave of Bitcoin Layer 2 Applications Goes Live January 2026
Dec 2024
Shell Finance Launches Mainnet on Bitcoin L1 — First Runes-Based Stablecoin Protocol Goes Live with $sUSD Borrowing
📅 Shell Finance — Platform History & Vision
23
2023 — Bitcoin Ordinals & BTCFi Concept Emerges
Casey Rodarmor launched the Ordinals protocol on Bitcoin L1, enabling inscription of data onto satoshis. This triggered the BRC-20 token standard and, by late 2023, the Runes proposal — laying the technical groundwork for Shell Finance's approach to Bitcoin-native DeFi.
Q1
Early 2024 — Shell Finance Announces Bitcoin L1 DeFi Vision
Shell Finance published its vision as a "trustless lending protocol built on Bitcoin L1", claiming to be the first DeFi project based on the Runes Protocol and the first Runes project integrating PFP mining with utility. The @ShellFinance_ Twitter account began building a community around the BTCFi narrative, ahead of the Bitcoin Halving in April 2024.
Mar
March 2024 — BRC-20 5-Byte Ticker $shell Secured
The team announced securing the parent inscription for BRC-20's 5-byte ticker $shell via @unisat_wallet — a significant early move to establish the protocol's token identity on the Bitcoin blockchain before the Runes protocol activation at the Halving.
Apr
April 2024 — Darkman Genesis NFT & Community Building
Shell Finance launched the Darkman Genesis NFT whitelist campaign, offering 100 whitelist spots to Prometheans holders. Darkman was positioned as the first Runes project combining PFP art with DeFi utility — an innovative mechanic designed to build a loyal early adopter community ahead of the mainnet launch.
Q4
Late 2024 — Mainnet Launch on Bitcoin L1
On December 4, 2024, Shell Finance launched its mainnet at app.shellfinance.xyz/borrow. The protocol supported borrowing $sUSD against BTC, NodeMonkes Ordinals, Ordinal Maxi Biz, Quantum Cats, Ordi, and Sats at launch. Runes collateral was announced for January 2025. OKX Wallet, UniSat Wallet, and Xverse Wallet were integrated at launch. Liquidation auctions went live simultaneously.
25
2025 — BTCFi Narrative Peaks & Shell Finance Goes Inactive
BTCFi searches and ecosystem activity peaked in early 2025, driven by Babylon Protocol's $4B+ in staked BTC and new Bitcoin L2 launches. Shell Finance, however, went inactive without further protocol updates or team communications. The $sUSD stablecoin and liquidity pools ceased to be actively maintained.
⚠
2025–2026 — Shell Finance Ceases Operations
Shell Finance ceased all operations. The protocol went offline, the team went silent on social media, and $sUSD was no longer supported. The gitbook documentation (shellfinance.gitbook.io/shell) remained accessible as an archive. The BTCFi space continued to grow without Shell Finance — with Liquidium, Sovryn and Stacks-based protocols absorbing its intended niche.
NOW
2026 — BTCFi Continues to Grow
Despite Shell Finance's shutdown, the BTCFi and Bitcoin DeFi categories continue to attract search and capital. Babylon Protocol holds $4B+ in staked BTC, Rootstock hosts $100M+ in TVL, and new Bitcoin L2 projects (Citrea, Bitlayer) launched in early 2026. Shell Finance's architectural vision — native Bitcoin L1 lending without wrapping — remains an active area of development through Liquidium's PSBT-based model.
💡 The Official Vision (as published by the team)
Shell Finance described itself as the "Decentralized Central Bank of Bitcoin". The core argument was that Bitcoin's $1 trillion+ in idle capital was fundamentally underutilized because no trustless lending protocol existed natively on Bitcoin Layer 1. Shell Finance aimed to unlock this capital by allowing BTC holders to borrow $sUSD directly — without bridges, without wrapped assets, and without leaving Bitcoin's security model.
The vision was explicitly modelled on MakerDAO — but for Bitcoin. The team positioned Shell Finance as the first meaningful attempt to bring the MakerDAO model to Bitcoin L1 using the Runes Protocol. Execution stalled at mainnet stage.
Source: shellfinance.gitbook.io/shell — archived
❓ Bitcoin DeFi & Shell Finance — FAQ
Shell Finance (shellfinance.xyz) was a decentralized stablecoin protocol built directly on the Bitcoin Layer 1 network. It allowed users to pledge Bitcoin L1 assets — including BTC, Ordinals, Runes, BRC-20, and Atomicals — as collateral to borrow a synthetic stablecoin called $sUSD, pegged 1:1 to the US dollar. The project launched its mainnet in December 2024 and ceased operations in 2025–2026.
$sUSD (sUSD•sUSD•sUSD) was Shell Finance's native synthetic stablecoin, issued on the Runes Protocol on Bitcoin L1 and pegged 1:1 to the US dollar. Users could borrow $sUSD by locking Bitcoin L1 assets as collateral — similar to how MakerDAO users borrow DAI against Ethereum collateral. The $sUSD is no longer actively supported following the project's shutdown.
Shell Finance ceased operations in 2025–2026. The protocol went inactive after launching its mainnet in December 2024, and no further updates were published by the team. The documentation (shellfinance.gitbook.io/shell) remains accessible as an archive. Several active BTCFi alternatives exist — see the comparison table above.
At mainnet launch (December 2024), Shell Finance supported the following collateral assets: native BTC, NodeMonkes Ordinals, Ordinal Maxi Biz, Quantum Cats, Ordi, and Sats. Runes collateral support was planned for January 2025. BRC-20 and ARC-20 (Atomicals) assets were also listed in the protocol documentation as future-supported collateral types.
The Darkman Genesis NFT was Shell Finance's inaugural NFT collection, designed as the first Runes project integrating profile picture (PFP) mining with DeFi utility. Darkman holders received whitelist access and protocol benefits within the Shell Finance ecosystem. 100 whitelist spots were opened to Prometheans holders via FCFS. The collection is no longer actively supported following the project's shutdown.
Shell Finance used a MakerDAO-style model: users pledged Bitcoin L1 assets as collateral and borrowed $sUSD, with Shell Finance acting as the intermediary. Revenue came from borrowing fees on $sUSD issuance and liquidation auction fees when collateral fell below required ratios. Users could also earn $sUSD yield by staking their borrowed tokens, creating a native BTCFi yield loop.
BTCFi (Bitcoin DeFi) refers to decentralized finance protocols built on Bitcoin's Layer 1 or Layer 2 networks. Shell Finance was significant because it was the first DeFi protocol built on the Runes Protocol and the first to implement a MakerDAO-style stablecoin directly on Bitcoin L1 — without wrapping, without bridges, and without relying on Ethereum. This architectural approach made it one of the pioneering BTCFi projects before it ceased operations.
The best alternative to Shell Finance in 2026 is Liquidium (9.1/10), which operates natively on Bitcoin L1 as a non-custodial lending protocol using PSBTs (Partially Signed Bitcoin Transactions). It supports Ordinals and Runes as collateral — the closest active successor to Shell Finance's BTCFi vision. Sovryn (8.7/10) offers the most complete DeFi suite on Bitcoin (via RSK), and Stacks / Arkadiko (8.2/10) provides the most mature Bitcoin-backed stablecoin on a Bitcoin L2.
At mainnet launch in December 2024, Shell Finance supported OKX Wallet, UniSat Wallet, and Xverse Wallet — the three major Bitcoin L1 wallets at the time. These wallets were required to interact with the protocol's Runes-based $sUSD issuance and collateral management functions.
Shell Finance's central thesis was that Bitcoin held more than $1 trillion in idle, unproductive capital because no trustless lending protocol existed natively on Bitcoin Layer 1. The team positioned themselves as building the "Decentralized Central Bank of Bitcoin" — a protocol that could unlock Bitcoin's dormant capital through over-collateralized lending, without requiring users to leave Bitcoin's security model. The vision was inspired by MakerDAO's success on Ethereum but built natively on Bitcoin using the Runes Protocol. The ambition was never fully realized before the project ceased operations.
⛓️ Liquidium — Full Review 2026
Rank #1 Alternative · Score 9.1/10⛓️
9.1 / 10
Verdict: Liquidium is the closest active successor to Shell Finance on Bitcoin L1. Every loan is a PSBT executed on-chain — no bridges, no wrapped assets, no company holding funds. The go-to protocol for borrowing against Ordinals and Runes in 2026.
Liquidium operated as a pure peer-to-peer Bitcoin lending protocol where borrowers created loan offers with their Ordinals or Runes as collateral and lenders accepted by completing the PSBT. Settlement happened automatically via Bitcoin Script logic — entirely on-chain, entirely non-custodial. This was the architectural vision Shell Finance had described but never fully shipped. The platform targeted exactly the Bitcoin L1 DeFi niche that Shell Finance had aimed to unlock, with proven mainnet traction into 2026.
✓ Strengths
- Native Bitcoin L1 — no bridge required
- Fully non-custodial (PSBT-based)
- Ordinals and Runes collateral
- On-chain settlement via Bitcoin Script
- No company holds user funds
✗ Weaknesses
- Ordinals market liquidity still thin
- Rates are P2P negotiated — variable
- No stablecoin issuance (unlike Shell Finance)
🏛️ Sovryn — Full Review 2026
Rank #2 Alternative · Score 8.7/10🏛️
8.7 / 10
Verdict: Sovryn was the closest active equivalent to Shell Finance's MakerDAO-on-Bitcoin model. The Zero protocol allowed borrowing ZUSD stablecoin against BTC at 0% interest (one-time fee). Merge-mined with Bitcoin for security. Best if you want a complete DeFi suite on Bitcoin.
Sovryn built on RSK (Rootstock), a Bitcoin sidechain merge-mined with the same miners securing Bitcoin. Its Zero protocol was the most direct functional equivalent to Shell Finance's vision: users could lock BTC (as rBTC) and borrow ZUSD at 0% interest, paying only a one-time origination fee. The platform also offered margin trading, spot swaps, lending pools and governance — the broadest BTCFi feature set available in 2026. The trade-off vs Shell Finance was the federated bridge model to RSK, which introduced trust assumptions not present in a pure Bitcoin L1 approach.
✓ Strengths
- ZUSD stablecoin at 0% interest
- Merge-mined with Bitcoin
- Full DeFi suite (trading, lending, swap)
- Proven, non-custodial protocol
- Most mature BTCFi product
✗ Weaknesses
- Federated bridge (RSK) — trust assumption
- RSK adoption slower than expected
- Thinner liquidity vs Ethereum DeFi
🔗 Stacks / Arkadiko — Full Review 2026
Rank #3 Alternative · Score 8.2/10🔗
8.2 / 10
Verdict: Stacks was the most mature Bitcoin L2 ecosystem for DeFi in 2026. Arkadiko's USDA stablecoin was the closest active equivalent to Shell Finance's $sUSD vision — BTC-backed, decentralized, with BTC yield from stacked STX. Top pick for Bitcoin-native stablecoin access.
Stacks brought smart contracts and DeFi to Bitcoin through its Proof of Transfer (PoX) consensus mechanism, where STX block producers locked BTC as collateral and earned Bitcoin yield. Arkadiko, built on Stacks, allowed users to mint USDA stablecoin by locking STX — with the locked STX earning Bitcoin yield via PoX. The $208M TVL and sBTC integration (native BTC on Stacks without wrapping) positioned the ecosystem as the leading Bitcoin L2 DeFi option for users who wanted Shell Finance's stablecoin functionality but on a proven, active platform.
✓ Strengths
- USDA stablecoin backed by BTC
- Native BTC yield on locked STX
- sBTC — native Bitcoin without wrapping
- Most mature Bitcoin L2 DeFi ecosystem
- $208M TVL (Stacks total)
✗ Weaknesses
- Clarity language limits dev adoption
- STX price volatility affects collateral
- Not Bitcoin L1 native (Stacks L2)
💰 Money On Chain — Full Review 2026
Rank #4 Alternative · Score 7.8/10💰
7.8 / 10
Verdict: Money On Chain was the pioneer of BTC-backed stablecoins on Bitcoin. Dollar On Chain (DOC) was the only stablecoin fully backed by Bitcoin — not ETH, not fiat. $100M+ TVL and a proven track record on Rootstock made it the most battle-tested alternative to Shell Finance's $sUSD model.
Money On Chain built on Rootstock (RSK) — the merge-mined Bitcoin sidechain — to issue Dollar On Chain (DOC), the first stablecoin exclusively backed by Bitcoin. With $100M+ TVL, it was the largest protocol on Rootstock and a proven reference for BTC-collateralized stablecoin issuance. Unlike Shell Finance's Runes-based approach, Money On Chain relied on Rootstock's federated bridge, which introduced a trust assumption — but also provided years of battle-tested security that Shell Finance never reached before shutting down.
✓ Strengths
- $100M+ TVL — largest on Rootstock
- DOC fully backed by Bitcoin only
- Proven, years of operation
- Merge-mined Bitcoin security
- No bank dependency
✗ Weaknesses
- Federated RSK bridge — trust assumption
- Complexity for non-technical users
- Lower liquidity than Ethereum DeFi
⚡ Bitflow Finance — Full Review 2026
Rank #5 Alternative · Score 7.5/10⚡
7.5 / 10
Verdict: Bitflow Finance was a rising BTCFi yield protocol on Stacks focused on native BTC yield through liquidity pools and sBTC integration. Not a direct functional equivalent to Shell Finance, but a strong option for BTC holders seeking passive yield in the Bitcoin DeFi ecosystem.
Bitflow operated on the Stacks blockchain with a specific focus on providing yield on Bitcoin assets without bridges. Its sBTC compatibility — enabling native Bitcoin to be used in Stacks DeFi — positioned it for growth as the sBTC ecosystem matured in 2026. Unlike Shell Finance's stablecoin borrowing model, Bitflow focused on liquidity provision and yield generation, making it better suited for BTC holders seeking passive returns rather than active borrowing.
✓ Strengths
- Native BTC yield — no wrapping
- sBTC compatible for Bitcoin DeFi
- Stacks ecosystem integration
- Growing liquidity pools
- No bridge required for sBTC
✗ Weaknesses
- No stablecoin issuance feature
- Still early-stage protocol
- Dependent on Stacks ecosystem growth
₿ Babylon Protocol — Full Review 2026
Rank #6 Alternative · Score 7.3/10₿
7.3 / 10
Verdict: Babylon Protocol became the largest BTCFi protocol by TVL in 2026 with $4B+ in staked BTC. Different use case from Shell Finance — staking rather than lending — but the undisputed leader in unlocking Bitcoin's capital for yield generation. Non-custodial, no wrapping required.
Babylon allowed BTC holders to stake native Bitcoin to secure Proof-of-Stake networks — entirely non-custodially, with Bitcoin staying in user wallets. By 2026, Babylon had accumulated over $4 billion in staked BTC, making it the highest-TVL BTCFi protocol. While its use case differed from Shell Finance (staking vs lending/stablecoin), it dominated the narrative of "making idle BTC productive" that Shell Finance had aimed to address. Slow exits were a known constraint, making it more suitable for long-term BTC holders than active DeFi users.
✓ Strengths
- $4B+ BTC staked — largest BTCFi TVL
- Self-custodial — BTC stays in your wallet
- No bridge, no wrapping
- Earns PoS security rewards
- Strong institutional backing
✗ Weaknesses
- Slow exits — not for active traders
- No stablecoin borrowing feature
- Yields lower than Ethereum DeFi