what's Takara Lend?
Takara Lend is a non-custodial lending protocol built natively on the Sei Network, a high-performance Layer 1 blockchain optimized for DeFi applications. It enables users to supply assets as collateral to earn yields or borrow against them in an overcollateralized manner, supporting a range of tokens including stablecoins, wrapped assets, and Sei-native tokens. The platform features dynamic interest rates, incentive programs like Karats rewards, and integrations with other Sei ecosystem tools for seamless liquidity provision and borrowing. Key mechanics include isolated lending markets to mitigate risks, flash loans for advanced strategies, and tools for monitoring positions to avoid liquidation. Takara Lend emphasizes capital efficiency and security through audited smart contracts, bridging capabilities for cross-chain assets, and community-driven governance elements. It contributes to Sei's DeFi landscape by facilitating high-frequency trading and yield farming without centralized intermediaries.
Takara Lend users must withdraw USDC.n before Sei SIP-3 upgrade (March 2026) to avoid asset loss.
Links
x.com/takaralendUsers who have supplied USDC.n on the protocol need to wind down positions and withdraw before the Sei SIP-3 upgrade (expected end of March 2026) to avoid losing access to their supplied assets, as Sei will transition to EVM-only and no longer support native Cosmos assets including USDC.n.
Surpassed 80,000 unique users in 2025.
Mentioned as a potential lending protocol candidate for preinstallation on Xiaomi smartphones alongside Sei Network ecosystem apps.
TVL increased 63% in the last month and now leads all protocols by total value locked on Sei Network.
Supports Rubicon Gems NFT collection from RubiconStaking alongside YeiFinance and SailorFI, offering holders boosted points when staking SEI to rSEI.
Protocol captures 60% of SEI's DeFi TVL alongside YeiFinance, with average yields around 5.7%.
Listed among projects expected to have their Token Generation Event in 2026.
Ranks as the biggest application on Sei Network based on monthly active addresses.
Messages from the team were sent to the Moonwell exploiter's mainnet addresses, with no official disclosure about a potential exploit affecting the protocol.
Fiamma Bitcoin Bridge launches with Takara Lend and Gauntlet integration in mid-October.
Now listed on Token Terminal, a major crypto analytics platform for protocol metrics and data visibility.
Experiences over 100% TVL growth with BTC-LSTs as the main contributor.
Total market value surges over 100% in one month to $187.8M, driven by native USDC launch on Sei Network and new Union bridge integration connecting Sei with BTCfi ecosystem.
The protocol achieves a revenue-to-fee ratio exceeding 34%, ranking among the best on Sei Network alongside YeiFinance.
Achieves $200M TVS milestone representing 200% growth in just 2 months.
The protocol currently offers 14-18% yields on single-sided USDC or USDT staking, with one example showing $56k in rewards over 6 months on a $250k investment.
Launches new Karats points program with pre-TGE earning mechanism and 10% referral boost opportunities.
Expands beyond lending with new payment infrastructure connecting DeFi/TradFi wallets and merchants for real-world yield generation.
Expands beyond lending to build programmable credit infrastructure with direct connections to merchants and wallets, while generating $690K in protocol revenue.
New institutional-backed fastUSD integration expands yield options through lending and liquidity pools.
Protocol now ranks among top TVL contributors on Sei Network, helping drive ecosystem's $687M total TVL
Adds support for native USDC integration through CCTP V2 on Sei Network
Currently offering 15% APR yield farming opportunity on USDC deposits with active points program
Current TVL stands at $124.2M, marking significant decline from April's $782M peak.
Emerges as key driver of SEI Network TVL growth, contributing to network's approach toward $1B mark.
Platform reaches $15M TVL with multi-asset lending and DEX integration features.
New SolvBTC Vault launches on Sei Network, enabling BTC holders to access AI compute yields through multi-protocol integration.
New strategic partnership with Merlin Layer2 brings M-BTC integration to Sei Network, enabling expanded yield opportunities for Bitcoin holders.
Launches automated AI vaults on Sei Network with multiple protocol integrations.
Implements real-time threat prevention and automated risk mitigation through HypernativeLabs integration, enhancing platform security.
Platform reaches new ATH in lending metrics alongside $782M TVL and $260M in stables.
Reached $10M in TVL this week.