# Overview **LENX Lend Platform Summary** LENX Lend stands as a multi-chain lending platform that creates lending opportunities between two ERC-20 assets, mainly involving xBTC. Each lending pair operates independently, providing a space for anyone to engage in both lending and borrowing activities. When lenders contribute ERC-20 assets to a pair, they receive lxTokens that accrue yield. The lxTokens can be exchanged for increasing quantities of the original asset as interest accumulates. **Key Participants in the Ecosystem** At the core of LENX Lend's operations are the Lenders and Borrowers, who interact through specific Lending Pairs. * Lenders contribute Asset Tokens to a pair and are issued lxTokens in return. * Borrowers pledge Collateral Tokens to obtain Asset Tokens. The process of borrowing is subject to an interest rate, which is compounded and paid out to lenders when they redeem their lxTokens. Apart from the Lending Pairs, the ecosystem is supported by additional components such as Oracles that use Chainlink or Pyth infrastructure depending on the specific chain. * Oracles are employed to establish market rates for both Asset and Collateral Tokens, integrating data from various sources to ensure a reliable and tamper-proof price feed. * The deployment of each pair is facilitated by a Deployer contract, while a Pair Registry maintains records of all LENX Lend Pairs introduced to the platform. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://lenx.gitbook.io/lenx/lenx-lend-v1/overview.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.