Friendly Market Review: Is Its Nibiru Lending Worth Trying?

Friendly Market presents itself as a decentralized money market: you can supply assets to earn yield or borrow against supplied collateral. It says its native markets run on Nibiru and that cross-chain markets connect to external protocols while letting you stay on Nibiru. The homepage names Compound V3 on Ethereum and Base; Polygon, Arbitrum, BSC and Optimism are described as coming soon.

That pitch does not answer some practical questions. The assets currently available, market-by-market supply and borrow rates, collateral factors and liquidation thresholds are not clearly published. Those details determine whether a market is usable and how much risk you take. Do not assume that every named chain or protocol is available now, or that a cross-chain market works like a simple transfer. Confirm the exact market and how deposits, borrowing and withdrawals are handled before interacting.

Friendly Market does not clearly publish its protocol fees, any spread between quoted and received rates, or the current supply and borrow rates. Without those figures, you cannot compare its net yield or borrowing cost with another market. Rates in lending protocols can also change as supply and demand shift, so a displayed APY is not a guaranteed return.

You may also pay network transaction fees when supplying, borrowing, repaying or withdrawing. Cross-chain activity can involve additional steps or costs, but Friendly Market does not explain those mechanics clearly enough to estimate them. Before confirming a transaction, inspect the wallet prompt and the specific market terms. Check whether interest accrues continuously, what happens to supplied assets when you borrow, and whether any withdrawal limits or delays apply. If those costs or conditions are not visible before you commit, do not deposit on the assumption that you can easily reverse the decision.

No audits are listed for Friendly Market. The project also does not clearly explain its custody model, publish a security track record or provide enough detail here to assess the contracts you would be interacting with. In DeFi, supplying assets generally means placing them under smart-contract control; bugs, exploits or incorrect market settings can put funds at risk, and there may be no central party able to recover them.

The tracked TVL figure is extremely small, but no measurement date is given, so it is not a reliable current snapshot. Low or unclear liquidity can make it harder to withdraw promptly, especially when many users want the same asset. A site that describes a market as active is not proof that it has deep liquidity or independent security review. Verify the contract addresses through official documentation and check whether the relevant contracts have been audited before connecting a wallet or approving tokens. Do not treat the absence of a published incident as evidence that the protocol is safe.

The product is built around Nibiru, and Friendly Market says you can access external markets on other chains without leaving Nibiru. It names Compound V3 deployments on Ethereum and Base as connected protocols. The exact path for moving assets, the contracts involved and how liquidity is unified are not explained clearly, so confirm which protocol actually holds or manages your position before approving a transaction.

The site provides links to documentation, an FAQ and terms, but does not clearly surface the key operating details: supported assets, market rules, fees, custody, withdrawal conditions or the responsible legal entity. The homepage also does not provide enough usable market information to compare current rates. No mobile-app details or wallet compatibility list are published. Plan to use a wallet and network you already understand, and verify the network and token in every wallet prompt. Never approve an unfamiliar contract simply to see what the app does.

Friendly Market is best approached as an early, high-uncertainty lending option, not as a place to park savings. It may interest Nibiru users comfortable reading contract details and assessing collateral risk. But if you need published fees, independently reviewed contracts, clear withdrawal rules or a well-documented team and operating structure, choose a lending service that provides those things.

Before borrowing, check the collateral factor and liquidation threshold for the exact asset and understand that a price move can trigger liquidation. Before supplying, confirm that the market has enough liquidity for a withdrawal and that you know how to close any position. The protocol does not list a token, so there is no project token to consider as a separate source of rewards based on the facts presented. Avoid relying on promotional language about large external liquidity unless you can verify the market depth and the terms that apply to your position.