0% interest in ETH
Debt is denominated in ETH. There is no protocol interest rate: you repay exactly what you borrowed, plus gas. Borrow and repay have no protocol fee.
ETH credit line on Base. No liquidations.
GranEverest runs a single public ETH vault on Base mainnet. Deposit ETH as collateral, borrow ETH at 0% interest and repay when you choose. No price oracle, no liquidation engine, and a single 0.25% protocol fee on deposit and withdrawal.
One vault. Clear rules. Designed to be easy to reason about.
No liquidation engine
The vault has no liquidation bots or auctions. A 70% loan-to-value limit is enforced on-chain. If LTV would exceed 70%, new borrows or withdrawals simply revert.
On-chain, transparent costs
Collateral lives directly in the vault on Base. A single 0.25% fee applies on deposit and withdrawal only. All transactions are visible on BaseScan, and canonical addresses are listed on the Trust page.
How it works
- Connect on Base. Open graneverest.com, connect your wallet and switch to Base if needed. Interactions on other networks are blocked.
- Deposit ETH as collateral. Deposits are held on-chain in the vault and define your borrow limit (up to 70% LTV). A 0.25% protocol fee applies on each deposit.
- Borrow at 0% interest. Choose how much ETH to borrow within your limit. The interface helps you stay within conservative ranges and shows your projected position.
- Receive ETH directly. Borrowed ETH is fully non-custodial and can be moved or used elsewhere on Base. When you are ready to exit, repay and withdraw collateral at any time, subject to the same 70% LTV bound and a 0.25% withdrawal fee.
FAQ
Where do funds live?
Deposited ETH is held directly in the GranEverest vault contract on Base mainnet. You interact with the same contracts that are listed on the Trust & security page. The app is a convenience layer on top of those contracts.
What fees apply?
The protocol charges a 0.25% fee on deposit and withdrawal only. Borrow and repay have no protocol fee. As with any on-chain system, users also pay their own gas costs on Base for each transaction.
Can the protocol liquidate my position?
The vault has no liquidation engine and does not perform price-based liquidations. Instead, it enforces a 70% LTV cap on new borrows and withdrawals. You remain responsible for managing your own risk in ETH terms.
What are the main risks?
As with any smart contract on an L2, there is technical risk (bugs, vulnerabilities), operational risk (pause controls, key management) and network risk (Base or Ethereum issues). The Trust & security page and Docs describe these areas and how the system is tested. Users should size positions conservatively and never deposit funds they cannot afford to lose.
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Contact & docs
Questions, issues or security findings? Email us at contact@graneverest.com.