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

# Welcome to Spine

### **Introduction to Spine Finance**

Spine Finance is a modular, semi-fixed-rate credit infrastructure for the institutional-grade management of digital assets. Built on Ethereum and the EVM ecosystem, Spine introduces a hybrid liquidity architecture that bridges the gap between vault-based lending and orderbook-style term structures.​With Spine, you can:​

* ​As lenders: Earn predictable, professionally curated yield with instant liquidity
* ​As borrowers: Lock collateral for instant fixed-rate loans across multiple maturities
* ​As curators: Secure and manage the Spine Vault with transparent risk parameters

<table data-view="cards"><thead><tr><th></th><th data-type="content-ref"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>Deposit assets and earn adaptive, professionally curated yield<br><br><a href="/pages/BwNUJYh0Xi5elg6rX8VO">Lend (Earn)</a></td><td></td><td><a href="/pages/BwNUJYh0Xi5elg6rX8VO">/pages/BwNUJYh0Xi5elg6rX8VO</a></td></tr><tr><td>Lock collateral for instant fixed-rate loans across multiple maturities<br><br><a href="/pages/Nd3ilVku1O4sUosqAoLc">Borrow</a></td><td></td><td><a href="/pages/Nd3ilVku1O4sUosqAoLc">/pages/Nd3ilVku1O4sUosqAoLc</a></td></tr></tbody></table>