# RocketLend Interest

**URL:** <https://dao.rocketpool.net/t/rocketlend-interest/3066>\
**Category:** Grants / Bounties\
**Tags:** gmc\_round\_13\
**Created:** [19 June 2024 18:00 UTC](https://dao.rocketpool.net/t/rocketlend-interest/3066 "2024-06-19T18:00:38Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![ShfRyn](https://dao.rocketpool.net/user_avatar/dao.rocketpool.net/shfryn/32/531_2.png) [@ShfRyn](https://dao.rocketpool.net/u/ShfRyn)\
**Post date:** [19 June 2024 18:00 UTC](https://dao.rocketpool.net/t/rocketlend-interest/3066/1 "2024-06-19T18:00:38Z")

</div>

Currently the GMC is deliberating on the [Rocketlend application](https://dao.rocketpool.net/t/round-13-call-for-grant-applications-deadline-is-june-7/2969/6) submitted by ramana.

They are seeking assistance in gauging the community’s level of interest in using the platform.

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**How It Works**

> Rocketlend consists of a single smart contract (“the (Rocketlend) contract”), used for all interaction with the protocol and designed to be the primary and RPL withdrawal address for Rocket Pool nodes that borrow RPL from the protocol.
> 
> The protocol participants come in two types: “lenders”, who supply RPL to the protocol, and “borrowers” who borrow RPL from the protocol to stake on Rocket Pool nodes.
> 
> A lender is assigned a unique identifier when they register with Rocketlend. They provide a withdrawal address (to which funds from the protocol will be sent), which can be changed.
> 
> A borrower is identified by the Rocket Pool node they are borrowing for. They also have a withdrawal address, which can be changed, to which their funds are ultimately sent.

Read more about how Rocketlend works including lending pools, borrower actions, lender actions, and the API [here](https://github.com/rocketlend/protocol).

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**Relevant Links**

- [GMC Application](https://dao.rocketpool.net/t/round-13-call-for-grant-applications-deadline-is-june-7/2969/6)
- [GMC Discord Thread](https://discord.com/channels/1109303903767507016/1248612910410895475)
- [Rocket Pool Discord Thread](https://discord.com/channels/405159462932971535/1238452361719054336)
- [Rocketlend README](https://github.com/rocketlend/protocol)

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**Would you use RocketLend?**

_Poll ([view on site](https://dao.rocketpool.net/t/rocketlend-interest/3066/1))_

**If you answered “Yes”, what would you use it for?**

_Poll ([view on site](https://dao.rocketpool.net/t/rocketlend-interest/3066/1))_

**If you answered “Borrowing”, which applies more to you?**

_Poll ([view on site](https://dao.rocketpool.net/t/rocketlend-interest/3066/1))_

If you answered “No” or “Unsure,” what features or components would you like to see that could change your opinion about the platform? Please comment below.