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Borrow against Chainlink: best LINK loan platforms

How do I borrow against Chainlink?
You can borrow against Chainlink (LINK) on 2 platforms we track. The best rates start at 2.70% APR with up to 83% LTV. Compound is the cheapest in our data; Compound offers the highest loan-to-value.

2 platforms in our index accept Chainlink (LINK) as loan collateral, spanning DeFi protocols. Borrow rates start at 2.70% APR, and the most generous platform lends up to 83% of your LINK's value. The table below ranks every option by borrow rate, so you can see the cheapest LINK-backed loans at a glance.

CompoundDeFi
Borrow APR
2.7–6%
Max LTV
83%
KYC
No KYC
Custody
Self-custody
Apply
AaveDeFi
Borrow APR
4–8%
Max LTV
80%
KYC
No KYC
Custody
Self-custody
Apply

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How borrowing against Chainlink works

Chainlink's LINK token is accepted as collateral on the major DeFi money markets — Aave and Compound — where it sits alongside blue-chip assets. You deposit LINK into the protocol and borrow stablecoins or other assets against it in a single on-chain transaction, with no KYC. Loan-to-value limits for LINK are lower than for ETH or wstETH, reflecting its higher volatility.

Chainlink as collateral: the risks

LINK is more volatile than ETH, so DeFi protocols assign it a lower collateral factor and liquidation can be triggered by smaller price moves. As with all DeFi borrowing, you also carry smart-contract and gas-cost risk, and you are responsible for monitoring your own health factor. A conservative LTV well below the protocol maximum is the practical way to manage a LINK-backed loan.

Choosing a LINK loan platform

The right LINK loan depends on what you value most. Compound offers the lowest entry rate at 2.70%, while Compound allows the highest loan-to-value at 83% — useful if you want to extract the most liquidity per coin, though a higher LTV sits closer to liquidation.

Whichever you choose, model the position first with our loan calculator and keep a comfortable buffer below the maximum LTV. The cheapest headline rate is rarely the only thing that matters — custody model, KYC, and how the platform handles a falling market all shape the real cost of borrowing against Chainlink.

Top LINK loan platforms

Borrow on CompoundBorrow on Aave

Frequently asked questions

How many platforms let me borrow against Chainlink?
We track 2 platforms that accept Chainlink (LINK) as collateral, with borrow rates from 2.70% APR and loan-to-value up to 83%.
What is the cheapest way to borrow against LINK?
In our current data, Compound has the lowest borrow rate for LINK at 2.70% APR. Rates change, so confirm on the platform and weigh custody and KYC alongside the headline number.
How much can I borrow against my Chainlink?
It depends on the platform's maximum loan-to-value. The most generous option for LINK in our index lends up to 83% of your collateral's value, but borrowing that close to the maximum leaves little margin before liquidation.
Is borrowing against Chainlink safe?
The main risk is liquidation if LINK falls in value while your loan is open. Borrowing conservatively, plus choosing a custody model you trust, manages most of it. LINK is more volatile than ETH, so DeFi protocols assign it a lower collateral factor and liquidation can be triggered by smaller price moves.

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