Zerolend Review: Should You Use It After the Shutdown?

ZeroLend was an open-source, non-custodial liquidity protocol. Users could supply crypto assets to lending markets to earn interest, or borrow assets against collateral. The homepage described variable or stable interest rates. As with other collateralized lending protocols, borrowing typically requires collateral, and a fall in its value can lead to liquidation. That general mechanism does not establish the rules or risks of any specific ZeroLend market.

The project is marked inactive, and a February 2026 report says it announced a complete cessation of operations. That changes the practical answer: ZeroLend is not a service to choose for a new loan or deposit. If you used it before, focus on the specific market and network where your assets are held, and verify their status before making a transaction.

ZeroLend’s homepage described interest on supplied assets and interest charged on borrowed assets, with variable or stable rates. Those rates would depend on the market and its parameters; there is no basis here to quote a current yield or borrowing rate. The project’s fees, fee schedule, and any costs beyond network gas are not published in the details here. On-chain transactions can also require gas paid in the network’s native token.

Because ZeroLend has ceased operations, old rate displays or market pages should not be treated as reliable offers. Don’t supply funds to chase a displayed yield or borrow based on a stale rate. If you already have a position, check the precise transaction and network costs before acting, and confirm the market remains functional. Your wallet’s transaction preview can help show what a proposed action will do, but it cannot prove that an old interface or contract is safe to use.

ZeroLend described itself as non-custodial, meaning users interacted with liquidity markets through their own wallets rather than handing assets to a conventional account custodian. That reduces one kind of custody risk, but it does not remove smart-contract, market, collateral or liquidation risks. A lending protocol can also become difficult to use if liquidity is low or operations stop.

A Halborn security review of ZeroLend’s smart contracts is reported, but the review’s scope and date are not established here. The project’s current audit coverage, licence, and incident history are also unclear. An audit is not a guarantee against loss. Given the shutdown announcement, treat the protocol as a high-risk, inactive service: don’t approve new token allowances or sign transactions just because a site or interface remains accessible. For existing funds, verify the relevant contract and market status before interacting.

ZeroLend was presented as an open-source liquidity protocol and was associated with Base and Linea. Using a DeFi lending market generally involves connecting a compatible wallet, choosing a market, and confirming on-chain supply or borrowing transactions. The project’s current supported-wallet list, interface availability, market response times, and mobile experience are not established here. These details matter less for a new user now that ZeroLend is inactive, but they can affect anyone trying to inspect a past position.

Do not treat an old interface as proof that a market is operating or that a transaction will achieve its intended result. Check the network shown in your wallet, the contract and token involved, and the transaction details before signing. If you cannot verify those details through an official project channel, stop rather than approving a transaction. Never share your seed phrase or private key with someone offering to recover or withdraw your funds.

ZeroLend’s inactive status and shutdown announcement make it unsuitable for new deposits or loans. The project has not published clear current instructions for withdrawals, the status of each market, or what existing users should do. A working website, token display, or wallet connection would not by itself establish that deposits, repayments or withdrawals are available.

If you have an open position, first identify the network, asset, market and contract involved from your wallet history. Then check for official ZeroLend updates and verify the market’s on-chain state independently before considering a transaction. Do not add collateral, repay, approve tokens or attempt a withdrawal based only on an unsolicited message or an old bookmark. If you cannot establish that a transaction is necessary and legitimate, seek help from a trusted, independent DeFi security professional. Never give anyone your recovery phrase.