Overview
ZeroLend is a decentralized lending and borrowing protocol built on zkSync Era, forked from Aave V3. The protocol positions itself as the primary lending venue in the zkSync ecosystem, providing standard supply/borrow functionality with Aave's proven smart contract architecture. ZeroLend has also expanded to other chains including Linea and Manta.
Being an Aave V3 fork provides significant advantages — the codebase is arguably the most battle-tested in DeFi lending, with billions of dollars secured over years. ZeroLend inherits this security foundation while adapting parameters for zkSync-specific assets and risk profiles.
The protocol attracted meaningful TVL during zkSync's airdrop farming period, benefiting from users seeking yield while farming ZK tokens. Post-airdrop, the sustainability of this capital is questionable. ZeroLend's own token launch adds another layer of incentive complexity.
Risk Factors
- Aave fork with limited technical differentiation — vulnerable if Aave deploys natively on zkSync
- TVL largely driven by airdrop farming rather than organic lending demand
- Multi-chain expansion dilutes focus and liquidity
- ZERO token faces sell pressure from farming-driven participants
Conclusion
ZeroLend is a competent Aave fork that captured first-mover advantage on zkSync. The 3.0 score reflects solid inherited codebase and reasonable traction against the risk of upstream competition and mercenary capital. Its fate is closely tied to zkSync ecosystem growth.