Built on Polkadot Hub

Lending on
Polkadot Hub.

Put your DOT and USDC to work. Supply assets, borrow against collateral, and take part in a lending market built on Polkadot Hub.

Get launch updates How it works

In development Mainnet after audit and testing

Over-collateralized lendingExplore the protocol

Supported by

01 / The protocol

Your assets. More possibilities.

Kylix is building a lending market for native Hub assets, with productive collateral and all positions recorded on Polkadot Hub.

01 / Productive collateral

Collateral with a purpose

The planned self-repaying loan puts eligible collateral into a yield-bearing position. Its yield goes toward your debt, helping offset borrowing costs.

Explore the mechanics 02 / Native lending

One place to lend and borrow

Supply, borrowing and liquidation share the same Hub state. Kylix works with native assets, without issuing a wrapped version of your deposit.

Find your role

02 / How it works

One market. Three ways to participate.

Supply liquidity, borrow against your assets, or bid for collateral. Each role keeps the lending market moving.

Supply
Deposit DOT or USDC to earn the pool rate. Withdrawals depend on the liquidity available in the pool.
Borrow
Provide collateral and borrow against it on Hub. Keep its value above the required threshold to avoid liquidation.
Liquidate
Bid for collateral from positions that fall below the required threshold. The queue fills the smallest discount first, with an external market maker covering any remainder.

03 / The mechanics

Designed around your collateral.

Yield, interest rates and liquidation work together to shape what happens to a lending position.

Yield that works toward repayment
Eligible collateral can generate yield that is applied to your loan. If that yield is below the borrowing interest, you remain responsible for the difference.
Rates that respond to demand
The polynomial interest curve is designed to reward supply at lower utilization, then rise faster as more of the pool is borrowed.
An orderly liquidation queue
Bids fill from the smallest discount first. When the queue cannot cover the debt, the remainder is swapped with an external market maker.

The self-repaying loan

Your collateral

Eligible yield-bearing assets

Yield goes to your loan

Applied automatically to the debt

A smaller balance to repay

When yield exceeds borrowing interest

Planned mechanism. Yield and borrowing rates vary; you still owe any remaining balance.

04 / Launch markets

Starting with DOT and USDC.

The first planned markets use assets on Polkadot Hub. Further listings require an oracle and a listing decision.

DOT
Polkadot
Planned at launch
USDC
USD Coin
Planned at launch

05 / The road to launch

Built in stages. Reviewed before release.

Kylix is in development. External review and testing come before mainnet, which is planned for November 2026.

01 / In progress
Protocol development
The lending pool, interest curve and liquidation queue are being built and tested against the collateral rules.
02 / Planned
External audit & private beta
External review comes before the private beta. Audit reports will be published when available.
03 / Planned
Public testnet & mainnet
A public testnet follows the private beta. Mainnet is planned for November 2026; join the list to hear the exact date.

More about the launch process

Stay in the loop

Be there for
what comes next.

Get testnet and mainnet announcements, plus occasional notes from the team.

Lending onPolkadot Hub.

Supported by

Your assets. More possibilities.

Collateral with a purpose

One place to lend and borrow

One market. Three ways to participate.

Supply

Borrow

Liquidate

Designed around your collateral.

Yield that works toward repayment

Rates that respond to demand

An orderly liquidation queue

Starting with DOT and USDC.

DOT

USDC

Built in stages. Reviewed before release.

Protocol development

External audit & private beta

Public testnet & mainnet

Be there forwhat comes next.

Lending on
Polkadot Hub.

Be there for
what comes next.