The most universal lending protocol

Fund Crypto backed loans today


Don’t be just a drop in a pool. Enjoy maximum capital efficiency and absolute flexibility with your lending/borrowing strategies.

Anything as collateral

NFT*, ERC-20, vault tokens, LP positions, or a bundle of all the above: use anything and everything as collateral.

No price-based liquidations

Unlike pool-based lending protocols, PWN doesn’t rely on oracles. The only way to get liquidated is to miss the loan repayment deadline.

Flexible terms & predictable APR

Choose the lending parameters that fit you and your strategy: collateral, borrowed asset, loan duration, LTV, and interest rate. Once set, these terms are locked in until repayment.

Why use Pwn?

  • Enhanced Composability

    Leverage yourself against any asset in your portfolio, and maximize your yield and exposure.

  • Predictability
  • Flexibility
  • Optimized Collateral Management
  • Multi-chain Options
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Our latest blog posts

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PWN x Beefy

We're thrilled to announce our latest integration: Beefy, a decentralized, multi-chain yield optimizer. This new integration brings together Beefy's auto-compounding yield-bearing assets with PWN's fixed-term loans.

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Pendle x PWN

There’s nothing more fleeting than DeFi yields. And let’s not talk about borrowing rates. But that’s about to change.

Our backers


Our advisors

Makoto Inoue
Patricio Worthalter
Will Harborne
Ryan Zurrer
Dean Eigenmann
Chris Waclawek
Ken Ng
Tim Beiko
Mario Havel