What is Molend?

Molend is a decentralized liquidity market protocol on the Mode Layer 2 network, allowing users to earn by depositing or borrow in a secure, over-collateralized manner. It supports a variety of decentralized finance (DeFi) functions including flash loans, which enable large, collateral-free loans for arbitrage and other uses. The protocol features automatic interest rate adjustments based on supply and demand, enhancing fund efficiency through integration with other DeFi protocols. Molend issues interest-bearing tokens to depositors, facilitating the use and trade of staked assets.