Defi, Digital Assets

About Algofi

Algofi is a fast, low-cost crypto lending market on the Algorand blockchain that makes decentralized lending broadly accessible. Algofi aims to be the first crypto-native bank that bridges the gap between traditional and decentralized finance. Algofi's simple fiat on-ramp allows users to buy crypto and earn interest without a bank or centralized custodian. In addition, traders can use Algofi to go short or to trade with leverage.  In the future, Algofi will offer more traditional banking services like savings accounts and credit cards, all powered by the growing DeFi ecosystem on Algorand. 

How Algofi is using Algorand

By leveraging the Algorand protocol and its Pure Proof-of-Stake (PPoS) consensus mechanism, Algofi is able to facilitate sub-cent transactions that settle in seconds--a key component of Algofi’s user-friendly, mass-accessible platform. This foundation will also enable Algofi to continue scaling its platform in terms of number of transactions as well as the introduction of new financial services in the future. In addition, Algofi chose to build on Algorand due to its very strong native community and the ready availability of robust developer tools, which enable the fast and simple creation of the smart contracts that power Algofi.

Latest News


Y Combinator and Citadel Alums Launch DeFi Lending Protocol Algofi on the Algorand Blockchain


Algorand & Circle: The Power of Stablecoins on a Next-Generation Blockchain


Digital Securities on Algorand: Here's What's Available

Explore More Use Cases


Yieldly is the world’s first borderless and interconnected DeFi platform designed and developed on Algorand. Yieldly's mission is to empower the next one billion crypto users to exchange digital value - without friction, gas inefficiency, or security risk. Yieldly is backed by the top venture capitals, including Borderless Capital, LongHash Ventures, and CMS holdings. It has been audited and secured by award-winning cybersecurity firm, Halborn. 


Tinyman is a reimagined decentralized trading protocol, utilizing the fast and secure framework of the Algorand blockchain to create an open and safe marketplace for traders, liquidity providers, and developers.


SIAE, one of the largest rights management companies founded in 1882, has launched 4 Million NFTs on Algorand representing rights of nearly 100,000 creators. This is the first step for SIAE for a blockchain-based future that will rapidly and profoundly change the business models for many other intermediaries across the management of rights and contents.