What is Swaylend?

Swaylend is a decentralized lending platform on the Fuel Network with an Ethereum consensus layer. It offers a secure and trustworthy environment for crypto users to earn passive income by supplying liquidity. Users can provide up to 6 different crypto assets as collateral and borrow USDC, the base asset. Liquidity providers earn passive income, while borrowers can choose between overcollateralized (perpetual) or undercollateralized borrowing options.