> For the complete documentation index, see [llms.txt](https://docs.alphafi.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.alphafi.xyz/old-doc/introduction/what-is-alphalend.md). # What is AlphaLend? **AlphaLend** is a decentralized, non-custodial lending and borrowing protocol built on the SUI blockchain. It allows users to earn interest on deposited assets and borrow against their deposited assets without intermediaries. The protocol is designed to be composable, efficient, and secure, enabling developers and users to access core DeFi primitives in a trustless manner. Key features include: * 💧 **Lending & Borrowing**: Users can supply supported assets to earn yield, or borrow other assets by providing collateral. * ⚖️ **Overcollateralized Loans**: All loans are backed by collateral worth more than the borrowed amount. This ensures the protocol remains solvent, even if borrowers default or markets become volatile. * 📈 **Dynamic Interest Rates**: Interest rates adjust algorithmically based on market demand and asset utilization. * 🛡️ **Liquidation Mechanism**: Under-collateralized positions are automatically liquidated to maintain protocol health. ## **Why SUI?** SUI’s high throughput, low latency, and object-centric programming model enable a smooth, scalable, and developer-friendly DeFi experience. With native support for dynamic on-chain assets and fast finality, AlphaLend is positioned to be a foundational layer for open financial applications on SUI. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.alphafi.xyz/old-doc/introduction/what-is-alphalend.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.