Earn
Supply ADA or stablecoins and earn yield while your assets are borrowed from the pool. Interest accrues from real borrower demand.
View earn marketsEarn,
Borrow &
Leverage
on Cardano
Surf is a capital-efficient pooled lending protocol. Earn interest on your assets, borrow against Cardano-native tokens without selling, and go long with one-click leverage.
Protocol metricsLive Stats
Total value locked12.4M ADA
Total borrowed5.9M ADA
Top ADA APY11.38%
12.4M ADA
Value locked · trailing 12 months
Earn ADA, USDM, USDCx yield — or borrow against 20+ Cardano-native assets
Core actions
Four ways to use Surf.
Earn, borrow, use one-click leverage or stake from one non-custodial, Cardano-native app.
Borrow
Unlock liquidity from 20+ supported Cardano assets without selling your position. You keep market exposure to your collateral.
View borrow markets
One-click leverage
Get higher exposure to tokens you already hold without manually repeating a borrow loop. One flow, one loan, one liquidation price.
See how it works
Stake SURF
Stake SURF and share in protocol revenue from opening, interest and liquidation fees. Rewards are paid in ADA.
View stakingNew in V2More control. Fairer rates.
More control. Fairer rates.
Open markets.
V2 brings market-driven rates for borrowers and liquidity providers, time-based rewards for lenders, flexible position control, and Community Pools for Cardano projects.
Dynamic, market-driven rates
Borrow and supply rates adjust algorithmically with pool utilization, so each market discovers fair pricing from real borrower demand. Every borrower in a pool pays the same rate, and every lender earns the same rate.
Time-based interest
Liquidity providers earn in proportion to the time their liquidity is lent out, rather than only when loans are repaid. This distributes rewards more fairly across lenders.
Full position control
Actively manage open positions and combine actions in one flow, such as adding collateral while borrowing more.
Community Pools
Cardano projects can launch dedicated lending markets through a streamlined process, with governance setting supported parameters and safety controls. Pool owners manage the interest curve and can earn from market activity.
Open a listing ticket in Discord
ATLAS Pool
COCK PoolComing from V1?
V1 → V2 migrationYour positions stay live until you choose to migrate.
Surf opens a V2 loan to repay an eligible V1 loan in one guided flow. Migration includes accrued V1 interest and depends on available V2 liquidity.
One-click leverage
Increase exposure with assets you already hold.
Surf packages the borrow, swap and collateral steps of a leverage loop into a single automated flow with one loan under the hood.
How Surf one-click leverage works
Choose collateral and leverageStart with an asset you already hold, such as SNEK, set the leverage size, review the liquidation price, and sign the transaction.
Surf one-click flow
Leverage orders are processed by a batcher and may take a few minutes to settle.Borrow ADA or USDMLoan opens against your current and estimated added collateral.
Route through DEX aggregatorBorrowed liquidity is swapped into more of the target token.
Add back as collateralThe swapped asset is added to the same borrow position.
ResultLarger long, one loanHigher exposure without manually repeating borrow, swap, and collateral steps.
1
More exposure from the same starting asset
Turn an existing token position into a larger long without having to manually borrow loop.
2
The borrow loop, replaced with one capital-efficient loan
You get the exposure benefit of looping without managing repeated borrow, swap, and collateral steps yourself. The result is easier to monitor: one loan, one liquidation price, and fewer manual actions.
3
Two ways to close
Repay directly with the borrowed asset, or repay from collateral when that is the cleaner exit. You do not need to source funds elsewhere first.
Surf staking
Stake SURF to earn protocol revenue.
Every loan pays a fee when it opens, closes or gets liquidated. Under the current policy, 100% of protocol fees flow back to SURF stakers and LPs.
Where protocol fees go100% flows back
OpeningInterestLiquidations
Protocol fees
SURF stakersThe full protocol fee on interest, plus 70% of opening and liquidation fees. Paid in ADA twice a month.
Liquidity providers30% of opening and liquidation fees, on top of the interest borrowers pay.
One-click & instant
Enroll in SURF staking with a single click.
Liquid staking
No lockups. Transfer, swap, or add to your SURF position freely while staked.
Twice-monthly airdrops
Staking rewards are paid out in ADA and airdropped to your wallet twice a month.
Collateral and LP positions count
SURF used as collateral or provided as LP on Minswap still counts toward your staking balance.
11.6%Staking APY
16.8MSURF staked
291kADA rewards all-time
433Unique stakers
2× / moADA payouts
Jul 14, 2025Next snapshot
Protocol security
Non-custodial, audited, and open to verify.
Surf smart contracts are non-custodial and independently audited.
1+year
Continuous, uninterrupted operation.
50M ADA
Lifetime deposits across Surf markets.
20M ADA
Lifetime borrows originated on Surf.
600k ADA
Lifetime interest earned by lenders.
FAQs
See the full FAQCommon questions.
Quick answers on yield, withdrawals, and risk — before you sign anything.
Supply yield comes from borrower demand in Surf markets. Exact rates depend on utilization, repayments, fees and market activity.