# Introduction

<figure><img src="/files/bShYMxZDKFZrPfzPl0DX" alt=""><figcaption></figcaption></figure>

Layerlend is an EVM compatible lending/borrowing protocol that launched on Abstract. Layerlend provides peer-to-peer lending solutions that are fully decentralized, transparent and non-custodial.

Similar to (and based from) existing lending platforms like [Compound Finance](https://compound.finance/) and [AAVE](https://aave.com/) users will be able to lend any supported assets on our platform, and use their capital to borrow supported assets.

At launch, Layerlend will offer the following high-liquidity money markets with dynamically adjusted incentives:

* ETH
* WETH
* USDC
* Pengu

Layerlend aims to be the prime lending platform on Abstract by offering highest competitive incentives for money markets, having the deepest liquidity and being native to Abstract.


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