Lendora Documentation
Lendora is a permissionless lending protocol on Solana that lets you borrow SOL against your tokens — including PumpFun bonded tokens, meme coins, and established Solana assets. No KYC, no credit checks, no interest.
How It Works
Connect Wallet
Connect any Solana wallet (Phantom, Solflare, Backpack). Lendora scans your token balances and identifies eligible collateral.
Select Collateral
Choose a token from your eligible assets. Set how much you want to deposit as collateral.
Borrow SOL
Choose your borrow amount (up to the max LTV for your token tier). Sign the transaction to deposit tokens and receive SOL instantly.
Repay & Reclaim
Send back the borrowed SOL at any time. Your tokens are returned to your wallet immediately upon repayment.
Accepted Collateral
Lendora accepts any Solana token (SPL or Token-2022) that meets these minimum requirements:
| Requirement | Minimum |
|---|---|
| Pool Liquidity | $5,000 USD |
| 24h Trading Volume | $1,000 USD |
| Pool Age | 1 hour |
This includes:
- PumpFun bonded tokens (migrated to Raydium)
- Meme coins (WIF, BONK, POPCAT, etc.)
- Liquid staking tokens (mSOL, jitoSOL)
- LP positions
- Governance tokens
- Any SPL or Token-2022 token with a DexScreener price feed
LTV & Risk Tiers
Loan-to-Value (LTV) ratios determine how much SOL you can borrow relative to your collateral value. Tiers are based on market cap:
| Tier | Market Cap | LTV Ratio | Example |
|---|---|---|---|
| ESTABLISHED | > $5M | 60% | WIF, BONK, JUP |
| MID | $1M – $5M | 40% | Mid-cap meme coins |
| LOW | < $1M | 30% | PumpFun bonded tokens |
Example: You deposit $1,000 worth of a LOW tier token. Max borrow = $1,000 × 30% = $300 worth of SOL.
Borrowing
Parameters
| Parameter | Value |
|---|---|
| Minimum Borrow | 0.1 SOL |
| Maximum Borrow | 100 SOL per loan |
| Interest Rate | 0% (Free) |
| Loan Duration | Open-ended (no deadline) |
| Early Repayment | Allowed, no penalty |
Process
- Sign a message to verify wallet ownership
- Approve the token transfer transaction (sends collateral to Lendora vault)
- Lendora verifies the deposit on-chain
- SOL is sent to your wallet automatically
Repayment
To get your tokens back:
- Go to the "My Loans" tab in the app
- Click "Repay" on your active loan
- Sign the message and approve the SOL transfer
- Your collateral tokens are returned to your wallet immediately
Liquidation
Lendora monitors the health of all active loans. If your collateral value drops significantly:
| Event | Trigger | Action |
|---|---|---|
| Health Warning | Health factor < 1.5 | Loan flagged as at-risk (visible in dashboard) |
| Liquidation Flag | Health factor < 0.85 | 7-day countdown starts |
| Auto-Sell | 7 days after flag, no repayment | Collateral is sold to recover the loan |
Health Factor = Current Collateral Value (in SOL) ÷ Borrowed Amount (in SOL)
A health factor of 2.0 means your collateral is worth 2x your loan. Below 0.85 means your collateral can no longer cover the loan.
Fees
| Fee Type | Amount |
|---|---|
| Interest | 0% |
| Borrow Fee | None |
| Repay Fee | None |
| Network Gas | Standard Solana fees (~0.000005 SOL per tx) |
Security
- Non-custodial approach: Tokens are held in a protocol-controlled wallet, not a smart contract. They are returned in full upon repayment.
- Signature verification: Every borrow and repay action requires a wallet signature to prove ownership.
- On-chain verification: All deposits are verified against the Solana blockchain before SOL is disbursed.
- Price feeds: Real-time pricing via DexScreener ensures accurate collateral valuation.
FAQ
What happens if my token moons while it's locked?
You can repay at any time and get your tokens back. There's no lock-up period.
Can I borrow against multiple tokens at once?
Each loan is per-token. You can have multiple active loans with different tokens as collateral.
What wallets are supported?
Phantom, Solflare, Backpack, and any SPL-compatible Solana wallet.
Why are unmigrated PumpFun tokens not accepted?
Tokens still on the bonding curve have no DEX pool, so there's no reliable price feed and no way to liquidate if needed.
Is there a maximum number of active loans?
No limit. Borrow as many times as you want against different tokens.