> For the complete documentation index, see [llms.txt](https://yield-credit.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yield-credit.gitbook.io/docs/master.md).

# Home

Yield is a fixed-rate DeFi lending app. Lending and borrowing on the platform is individualized, meaning deposits aren't pooled and earnings never diluted. Lenders earn fixed interest rates, without dilution across a pool of other depositors, while borrowers earn YLD, the native token, for every loan that they repay.

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