Blend is a DeFi protocol primitive on Stellar that enables users to create customizable lending pools for depositing assets to earn interest or borrowing against collateral. The article explains Blend's core components including isolated pools, backstop modules, BLND tokens, and its integration with applications like the SCF-funded Meru wallet to expand financial inclusion.
Blend is a foundational DeFi protocol built on Stellar that allows pool creators to establish efficient lending pools with significant customization options including supported assets, collateral requirements, and oracle selection. The protocol features isolated lending pools, a backstop module that absorbs initial losses, BLND governance tokens earned through participation, utilization caps for collateral protection, and price oracles for asset valuation. When integrated into applications like wallets, Blend enables end-users to earn passive returns on deposits or borrow assets using collateral. The article highlights Blend's partnership with Meru, an SCF-funded non-custodial USDC wallet serving SMEs and freelancers in Latin America, demonstrating how DeFi primitives can drive financial inclusion in emerging markets.
