Nebula Lending

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Jun 6, 2025
   Listed on DeFiLlama

Nebula Lending is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Nibiru.

Nebula Lending is a single-chain protocol, deployed exclusively on Nibiru — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Nibiru, Nibiru-borrowed, borrowed), so a fault on any one of them would affect a large slice of users.

Verified external resources for Nebula Lending — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Nebula Lending is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Nebula Lending's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL $26.2B · 24h +0.16%

Morpho V1

TVL $7B · 24h +0.57%

JustLend

TVL $3.4B · 24h +1.86%

Maple

TVL $2.4B · 24h -1.17%

SparkLend

TVL $2.2B · 24h +3.62%

Kamino Lend

TVL $2.1B · 24h -0.02%