Introducing Fogolend on Fogo

What is Fogolend ?

Fogolend is a decentralized lending and borrowing protocol built on Fogo.

It allows users to deposit crypto assets to earn yield or borrow assets against their collateral in a secure and efficient way.

Why Fogo?

Fogo is built for performance, with colocated validators and a real-time architecture that makes DeFi execution feel near-instant.

That’s why Fogolend chose this path. By building directly on Fogo, it avoids the usual latency, bloat, and UX drag of other chains. The result: users get fast, native execution, and builders gain a clean, composable foundation.

How to use Fogolend ?

Step 1: Connect Your Wallet

Start by connecting your wallet on the Fogolend Testnet.

Step 2: Get Test Tokens

Before you can deposit or borrow, you need tokens. Visit the faucet page and follow the instructions to claim free test tokens such as USDC, SOL, BTC, ETH, USDT.

Step 3: Explore the Market

Once your wallet has test tokens, open the Market tab on Fogolend.
Here you can choose an asset to interact with. For example, select SOL to begin.

Once the tab is open, you will see four options:

• DEPOSIT – Supply your asset and use it as collateral.
• BORROW – Borrow another asset if you have already deposited collateral.
• WITHDRAW – Withdraw your supplied tokens.
• REPAY – Repay your loan and close your debt position.

Step 4: Deposit Assets

Select an amount of SOL (or another token) and click Deposit.
This action supplies your tokens and makes them usable as collateral for borrowing.

Step 5: Borrow Assets

Now that you have collateral, you can borrow.
For example, select ETH from the market, open the BORROW tab, and confirm the amount you wish to borrow.

Step 6: Track Your Positions

Return to the main dashboard to view your active positions.
You’ll see your deposited collateral, borrowed assets, and overall health factor.
This allows you to manage risk and ensure your positions remain safe.

In Summary

Fogolend is a borrow/lend platform built on Fogo.
On the testnet, you can safely practice supplying tokens, borrowing assets, repaying loans, and tracking your positions — all without real money.

This makes Fogolend the perfect place to learn how DeFi lending works in practice.