Blend
AuditedVerifiedBlend is a universal liquidity protocol primitive on Stellar's Soroban that enables permissionless creation of isolated lending pools, each backed by its own first-loss BLND:USDC backstop module.
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The Problem
Most lending protocols pool all assets into a single risk surface — one bad collateral or oracle failure can drain unrelated markets. Stellar lacked a flexible, permissionless lending primitive native to Soroban.
The Solution
Blend lets anyone deploy isolated lending pools on Stellar, each with its own first-loss backstop. Pool curation is market-driven (no DAO needed): backstop depositors and emissions allocation reward safe pools and starve unsafe ones.
Why it Matters
Ungoverned-by-design lending on Stellar/Soroban with per-pool backstops, dual-modifier Dutch-auction liquidations, and a reactive interest-rate modifier — combining the isolation of Morpho Blue with a built-in insurance fund.
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Related Research
View allFrequently asked questions about Blend
What is Blend?+
Blend is a Lending protocol operating on Stellar. Blend is a universal liquidity protocol primitive on Stellar's Soroban that enables permissionless creation of isolated lending pools, each backed by its own first-loss BLND:USDC backstop module.
How does Blend work?+
Blend lets anyone deploy isolated lending pools on Stellar, each with its own first-loss backstop. Pool curation is market-driven (no DAO needed): backstop depositors and emissions allocation reward safe pools and starve unsafe ones.
Is Blend safe?+
DeFi Sentinel rates Blend AA with a safety score of 81/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Blend has 2 audits on record. DeFi Sentinel's analysis flagged 4 medium, 6 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Blend?+
Blend has a DeFi Sentinel safety score of 81/100 (rating AA), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Blend support?+
Blend is deployed on Stellar.
Has Blend been audited?+
Yes. Blend has 2 audit reports on record from firms including Certora, Code4rena. Audit reports and dates are linked under the Resources tab on this page.