> For the complete documentation index, see [llms.txt](https://nysa-finance.gitbook.io/nysa/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nysa-finance.gitbook.io/nysa/introduction.md). # Introduction
### Welcome to Nysa Finance Nysa Finance is a capital-efficient lending and borrowing infrastructure optimized for tokenized assets and stablecoins. We take battle-tested lending infrastructure — Aave V3, Euler V2 — and, after rigorous quantitative and market analysis, deploy counterparty-isolated lending markets with higher LTVs, wider collateral, and more borrowable assets than any competing venue. Our unique value is in the **curation** of each market. Our mission is simple: **become the most efficient lending layer for tokenized assets & stablecoins, where institutions meet retail on-chain capital.** #### The Vision Tokenized real-world assets are moving on-chain faster than the lending infrastructure to make them productive. Over $31B in RWAs sit on public blockchains, yet 90%+ have no efficient venue to borrow against (as per Aug '26 data) — high-quality collateral held passively, with no lending layer to unlock it. Most lending protocols force a trade-off. Monolithic pools (like Aave) offer deep liquidity but expose every supplier to the entire pool's collateral risk. Isolated-market protocols (like Morpho) contain risk but fragment liquidity into single-pair markets, collapsing capital efficiency. Nysa resolves the trade-off: * **Counterparty-isolated markets per issuer** — risk contained between issuers, lenders consciously choose which collateral category they're exposed to. * **Shared liquidity within each market** — wide collateral and multiple borrowable assets in a single market, not one pair at a time. * **Higher risk-adjusted LTVs** — rigorous quantitative analysis of every asset, split between Stable LTVs and Volatile LTVs. * **Curated asset selection** — market research identifies the assets with the highest real borrow demand; quantitative analysis delivers the risk parameters. * **Smart Loan Module** — an ML-powered system that recommends optimal borrow amounts, balancing capital efficiency against liquidation risk. #### What can you do on Nysa Finance? **Lenders** Liquidity providers supply borrowable assets to Nysa's markets, choosing which market — and therefore which collateral category — to lend into. Lenders benefit from: * Higher APYs driven by real utilization across a curated borrowable asset set * Wider lend asset selection * Conscious choice of risk exposure per market **Borrowers** Borrowers deposit supported tokenized assets as collateral and access liquidity through their issuer's dedicated market. They benefit from: * Higher LTVs than competing platforms * Wider loan options — (borrow USDC, USDT, ETH, BNB, or BTCb on our first Market) against their collateral, not one pair at a time * Wider collateral options within their issuer's market * Smart Loan Module suggestions for optimized, risk-adjusted borrow amounts **Liquidators** When a position becomes eligible for liquidation, liquidators can repay the debt in exchange for a reward (Liquidation Penalty), keeping the protocol solvent and markets healthy.