Frequently Asked Questions
General
What is Purinta?
Purinta is a multichain DeFi lending app that lets you borrow stablecoins against your meme token holdings. Instead of selling your meme tokens when you need liquidity, you supply them as collateral and borrow against them. On Ethereum Mainnet you borrow USDC, and on Robinhood Chain you borrow USDG.
Who built Purinta?
Purinta is built and maintained by contributors to the Api3 DAO, based on the mandate from DAO proposal Primary-16.
Does Purinta have its own smart contracts?
No. Purinta is a frontend interface on top of Morpho Blue, one of the most audited lending protocols in DeFi. It introduces no custom contract code - the only on-chain deployments are the standard Morpho markets, the Purinta vaults, and their oracle configurations, the same routine setup every Morpho curator performs. All lending operations run on Morpho's audited infrastructure.
What networks does Purinta run on?
Ethereum Mainnet and Robinhood Chain. You borrow USDC on Ethereum Mainnet and USDG on Robinhood Chain. See Networks for details.
Who is curating the markets?
Api3, which is also a decentralized oracle provider for each market.
Where does the vault's liquidity come from?
The initial supply to the Purinta vaults comes from Api3 treasury funds reserved for curation. Over time, anyone can supply stablecoins to add liquidity and earn yield.
Are there any fees?
The only fee on Purinta is a performance fee on the vaults, set by Api3 as the vaults' curator. It is taken from the interest a vault earns before yield is distributed to suppliers. Borrowing has no separate protocol fee beyond the variable interest rate, and there are no deposit, withdrawal, or repayment fees.
Does Purinta offer rewards or incentives?
Yes. Some markets include additional token incentives on top of the usual borrowing and lending economics. The rewards are paid in stablecoins and appear alongside your position. They are distributed through Merkl, where you claim them - Purinta links you directly to the claim page. Active incentives are displayed in the app whenever a campaign is running.
Borrowing
What can I borrow?
Stablecoins - USDC on Ethereum Mainnet and USDG on Robinhood Chain.
What can I use as collateral?
Purinta supports selected meme tokens. See the Supported Markets page for the current list.
How much can I borrow?
Up to the market's LLTV share of your collateral value. The Purinta UI further caps this at 95% of the maximum to give you a safety buffer. For example, with $100 of collateral in a 62.5% LLTV market you can borrow up to ~$59.37 through the UI.
Can I borrow against multiple tokens at once?
Each market is independent. You can have separate positions in different markets and on different chains (e.g. one position on Ethereum Mainnet and another on Robinhood Chain), but each position is isolated - they don't share collateral.
Do I pay interest?
Yes. Borrowers pay a variable interest rate (borrow rate) that accrues over time. The current rate is displayed in your position details. See Interest for more details.
Do I earn interest on my supplied collateral?
No. Collateral supplied to a Morpho Blue market does not earn supply APY - it only serves to secure your loan. This is because Morpho markets are one-sided - i.e. your supplied collateral is not lent out to other borrowers.
Positions & Repayment
How do I repay my loan?
There are two ways. Quick Repay on the My Positions page fully repays your debt and withdraws your collateral in one click (or uses your entire available stablecoin balance for a partial repay if you don't have enough). For more control, e.g. repaying a custom amount, use Modify Position to adjust your debt and collateral with sliders. There are no lockup periods.
Why can't I fully repay my loan?
This happens when your wallet doesn't have enough stablecoins to cover the full outstanding debt. In this case, Quick Repay will use your entire available balance for a partial repayment. To fully close your position, make sure your wallet holds enough to cover the remaining debt.
Can I add more collateral to an existing position?
Yes. Click Modify Position on any open position to adjust your collateral and borrow amounts using the borrow widget.
Can I withdraw collateral without fully repaying?
Yes, as long as your position stays healthy (above the liquidation threshold) after the withdrawal. While the UI prevents withdrawals that would result in immediate liquidation, your position may still be at risk if the collateral price drops further.
Risk & Liquidation
What is liquidation?
If the value of your collateral drops enough that your loan-to-value ratio exceeds the market's LLTV, your position is liquidated - your collateral is sold to repay the loan. See Risk & Liquidation for full details.
How do I avoid liquidation?
Keep your borrows reasonably safe to account for a potential price drop and monitor your positions during volatile times to add collateral or repay early if your position health drops. See tips for how to avoid liquidation.
What do the hearts signal in position health?
The hearts on your position card show how healthy your position is. More filled hearts mean you're further from liquidation. As hearts start to fade, it's a signal to add collateral or repay some debt. See The Health Indicator for a detailed breakdown.
Are my positions safe from other users' liquidations?
Yes. Each market is independent, and each user's position is isolated. Another user's liquidation has no direct impact on your position.
Compatibility
Do I need a specific wallet?
No. Purinta supports all common EVM wallets such as MetaMask and Rabby, or any other wallet compatible with WalletConnect.
Can I manage Purinta positions from other interfaces?
Yes. Since Purinta uses standard Morpho Blue markets, your positions are visible and manageable from any Morpho-compatible interface (e.g. the Morpho app). However, Purinta's UX is optimized specifically for meme token lending.
Is Purinta available on mobile?
Yes. Purinta is mobile-friendly from day one and is also available as a PWA (progressive web app).
Can I use these docs with an AI assistant?
Yes. The documentation is published in an LLM-friendly format following the llms.txt standard. Share docs.purinta.xyz/llms-full.txt with your AI assistant of choice (e.g. ChatGPT or Claude) to give it the full documentation in a single file, or docs.purinta.xyz/llms.txt for an index with links to the individual pages.
Privacy
What data does Purinta collect?
Purinta requires no sign-up and never asks for personal information such as your name or email. The app retains limited data for analytics and platform improvement purposes - usage statistics collected through Google Analytics and error reports that may include your connected wallet address, which helps us diagnose and fix issues. Keep in mind that your wallet address and all lending activity are publicly visible on the blockchain in any case, as with any DeFi app. For further details, see the Api3 privacy policy.