# About

💦 LoanShark is a decentralized lending protocol built for speed and simplicity. Connect your Solana Wallet, Deposit USDC, Borrow SOL.\
\
💯 A 5% fee applies to each deposit — automatically used to buy and burn $LOAN at market price:

e.g. 1000 USDC deposit costs 1050 USDC. 50 USDC of $LOAN is bought at market price and burned.

<figure><img src="https://812897526-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fm3byb94VA4ShOnsAO18A%2Fuploads%2F3uPp6SiTIEd5vzA92IoN%2Fimage.png?alt=media&#x26;token=32c219b8-3f32-4fca-a165-a271d7f7cb98" alt=""><figcaption></figcaption></figure>
