About

Echelon is a decentralized, non-custodial lending protocol purpose-built with the Move programming language. Currently deployed on Aptos, Movement, and Initia, it serves as the core capital coordination layer for Move-based DeFi, enabling users to supply assets to earn yield and borrow against collateral through overcollateralized loans. The protocol offers several core products. The primary lending markets feature variable-rate borrowing with vault-based accounting where depositors passively accrue interest from borrowers. Efficiency Mode (E-Mode), inspired by Aave, enables higher loan-to-value ratios of up to 90% on correlated asset pairs such as stablecoins or liquid staking tokens.