> For the complete documentation index, see [llms.txt](https://taolend.gitbook.io/taolend-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://taolend.gitbook.io/taolend-docs/core-features.md).

# Core Functions

> Taolend is a P2P (peer-to-peer) lending platform that connects lenders and borrowers through an Offer-based matching mechanism.

## Feature Overview

* [**Borrow**](/taolend-docs/core-features/borrow.md): How to borrow TAO using ALPHA as collateral
* [**Lend**](/taolend-docs/core-features/lend.md): How to create Offers and earn interest
* [**Leverage**](/taolend-docs/core-features/leverage.md): How to borrow TAO against your ALPHA for leverage
* [**Swap**](/taolend-docs/core-features/swap.md): How to swap between free TAO and wallet Alpha tokens

***

## Workflow

### Lender Workflow

1. **Bridge TAO** →
2. **Register Account** →
3. **Deposit TAO** →
4. **Create Loan Offer** →
5. **Wait for Borrowers** →
6. **Earn Interest** →
7. **Withdraw**

### Borrower Workflow

1. **Bridge ALPHA** →
2. **Register Account** →
3. **Deposit ALPHA** →
4. **Borrow Assets** →
5. **Receive TAO** →
6. **Repay Loan or Refinance**

### Leverage Trader Workflow

1. **Bridge TAO** →
2. **Register Account** →
3. **Deposit TAO** →
4. **Open Leverage Position** →
5. **Monitor Position** →
6. **Close Position & Repay**

> ❗️ If a lender initiates collection, close your position immediately to avoid liquidation and total loss of principal.