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

# What is MultiLend?

#### MultiLend is a Truly Decentralized Lending and Leverage Protocol supporting ANY Tokens. 

MultiLend is committed to making lending more decentralized and efficient, while also exploring the vast potential of the derivatives market based on lending.

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Its main innovations are as follows:

* <mark style="color:orange;">One-click Leverage</mark> based on the substantial liquidity of lending.
* *<mark style="color:orange;">No</mark> need for <mark style="color:orange;">permission</mark> to add a lending pool with any token.*
* *<mark style="color:orange;">No</mark> risk of <mark style="color:orange;">price feed</mark> manipulation.*
* *<mark style="color:orange;">No</mark> inefficient and insecure protocol-level <mark style="color:orange;">governance</mark>.*

The application of MultiLend is not limited to lending alone. Based on its innovative lending model, a vast shorting market can also be developed. **Users can short any token with leverage in MultiLend**.

#### Main Use cases of MultiLend

Capital-efficient and secure Lending

* Lenders determine collateralization ratios. The lowest collateralization ratio is possible.
* No oracle, no risk of price feed manipulation.

Vast and Highly liquid shorting markets

* Imagine vast shorting markets for ANY token with leverage!&#x20;
  * Multilend is making all of this happen, based on Permissionless lending pools and lowest collateralization ratios.
* Unlike perpetual, MultiLend leverage can utilize the substantial liquidity from lending.&#x20;

> The First version of MultiLend is built for BASE, which is a secure, low-cost, builder-friendly Ethereum L2.

More detail about MultiLend protocol: <https://multilend.finance/whitepaper/MultiLend_Protocol_Whitepaper.pdf>