# About Replete

## What is Replete?

Replete is a chain abstracted money market protocol that enables users to borrow and lend various digital assets from any connected blockchain.

To borrow users need to supply crypto assets as collateral. Suppliers earn yield on crypto assets provided as liquidity. Borrowers pay a dynamic interest rate while liquidity suppliers earn interest on assets provided.

<figure><img src="https://3823826527-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FB0KKjjsMVHo3F4YUhKt3%2Fuploads%2FZVOLxgRbUsGdWjh4tVBW%2FChain%20abstracted%20for%20users.jpg?alt=media&#x26;token=5d29b451-5a08-4d14-b184-92b4c13a9ae8" alt=""><figcaption></figcaption></figure>

Replete is governed by the community as a [Decentralized Autonomous Organization (DAO)](https://docs.replete.fi/governance/replete-dao).

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## How to interact with Replete?

The easiest way to interact with the protocol is through the user interface (dApp). For both suppliers and borrowers the first step, after learning about the protocol, is supplying a supported token.

<table data-column-title-hidden data-view="cards" data-full-width="false"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden></th><th data-hidden></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>For users</strong></td><td>Learn how to supply and use the protocol.</td><td><a href="https://3823826527-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FB0KKjjsMVHo3F4YUhKt3%2Fuploads%2FWq4Mf2UJhw8T3BTvWEmu%2Fusers-gb.jpg?alt=media&#x26;token=b22de335-a20c-4dfc-b148-0bd6acb79a6c">users-gb.jpg</a></td><td></td><td></td><td><a href="../core-functions">core-functions</a></td></tr><tr><td><strong>Developer docs</strong></td><td>Interact with the protocol on-chain.</td><td><a href="https://3823826527-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FB0KKjjsMVHo3F4YUhKt3%2Fuploads%2Fs3Ox9yYaAAxsa5nLFCPd%2Fcode-gb.jpg?alt=media&#x26;token=b5993696-1c81-432a-85ca-a647b6580864">code-gb.jpg</a></td><td></td><td></td><td><a href="../developers">developers</a></td></tr><tr><td><strong>Learn more</strong></td><td>Discover protocol features on connected chains.</td><td><a href="https://3823826527-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FB0KKjjsMVHo3F4YUhKt3%2Fuploads%2FKExHunaRyrWipt31clc0%2Flearn-gb.jpg?alt=media&#x26;token=af4c13db-b54d-4c37-a8b6-9b204f54408b">learn-gb.jpg</a></td><td></td><td></td><td><a href="about-replete/why-replete">why-replete</a></td></tr></tbody></table>

Suppliers earn yield based on the borrowing demand of assets supplied. While borrowers interest rate fluctuate depending on the utilization rate of the liquidity pool.

When a supplier deposits assets in the protocol they can borrow against the deposited collateral unless opted out.

{% hint style="info" %}
Note that users can offset the borrowing interest rate by the interest generated on supplied assets but need to manage it actively.
{% endhint %}

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## Wen Replete?

More information will be shared in due time. Feel free to follow us on [Twitter](https://twitter.com/repletefinance) for updates or come and say *gm* on [Discord](https://discord.gg/rD9GjQVd).

{% hint style="danger" %}
Currently there are **no** tokens in circulation.
{% endhint %}

{% embed url="<https://drive.google.com/file/d/13rK9o_ify2Q7WfC4Y9ceA1IUvzCY8qc1/view?usp=sharing>" %}
Live recording of first Replete AMA.
{% endembed %}