Beta online

Join the whitelist to try Varla early access.

The Lending Infrastructure
for Prediction Markets

Varla is the lending and yield infrastructure that allows you
to maximize your capital efficiency in prediction markets.

Get started Learn more

BORROWUp to 80% LTV

Borrow stables without selling

Use your prediction market positions as collateral and unlock liquidity while keeping your exposure.

LENDUtil-based rates

Lend to prediction market traders

Supply stablecoins to the protocol and earn yield from borrower demand designed specifically for prediction market collateral.

LEVERAGEUp to 5x

Leverage, without switching

One-click leverage is on the roadmap. Varla is built as infrastructure so UIs and apps can also compose leverage safely.

[01]

Aggregate positions

Varla aggregates margin across multiple prediction positions instead of isolating risk per market. This improves capital efficiency while maintaining system-wide safety.

[02]

Evaluate risk

The protocol evaluates how positions relate to each other, not just individually. Correlated outcomes are accounted for to prevent hidden risk buildup.

[03]

Enforce liquidation

When risk thresholds are breached, liquidation is triggered by the protocol itself. This removes manual intervention, centralized control and app-level inconsistencies.

[07] WHAT YOU GET

Borrow against your positions

Unlock liquidity without giving up your exposure

[01]

Unlock liquidity without selling

Borrow stablecoins against your prediction market positions. Keep your exposure to market outcomes while unlocking liquidity.

[02]

Cross-margin efficiency

Combine multiple positions into one margin account. Get more borrowing power from your entire portfolio, not just individual markets.

[03]

Up to 80% LTV

Higher-confidence markets unlock more borrowing power. Tiered LTVs (50-80%) based on market risk assessment.

[04]

Non-custodial smart contracts

Varla is fully non-custodial. The protocol's smart contracts manage collateral — no one, including the team, can access your funds.

[05]

Transparent liquidation rules

When health factor drops below 1.0, liquidation becomes possible. Bonus scales with risk level — faster enforcement for riskier positions. No discretionary decisions, just protocol rules.

[01]

Earn yield on stablecoins

Supply stablecoins to the protocol and earn interest from borrower demand. Rates adjust dynamically based on pool utilization.

[02]

Backed by real collateral

Loans are secured by prediction market positions with conservative LTVs. Overcollateralized by design.

[03]

Reserve fund protection

10% of all interest goes to a reserve fund. Bad debt is covered by reserves before affecting lenders.

[04]

Conservative oracle pricing

Collateral values use conservative pricing — always the lower of current price or time-weighted average. Stale prices are rejected, and markets with insufficient liquidity are excluded automatically.

[05]

Permissionless liquidation

Anyone can liquidate undercollateralized positions. Liquidators earn a bonus that scales with position risk — the lower the health factor, the higher the incentive for fast enforcement.

Frequently Asked
Questions

Varla is the DeFi layer for prediction markets. Borrow against your prediction market positions, lend stablecoins to earn yield paid for by borrowers, and build on shared infrastructure that supports Polymarket and Opinion.

You deposit prediction market positions as collateral, then borrow USDC or USDT against them (up to 80% LTV on supported positions). You keep your exposure while unlocking liquidity.

Varla is non-custodial in the DeFi sense: no one at Varla can move your funds. When you borrow, your collateral positions are held by smart contracts and can only move according to on-chain rules (e.g. withdraw when healthy, liquidate if undercollateralized).

Varla is built for portfolio cross‑margin. Instead of taking one loan per position, borrowing power is computed across your portfolio so positions can work together. This is a better primitive for how prediction traders actually manage risk.

Varla supports prediction markets including Polymarket and Opinion. Support is enabled via market adapters so we can extend to new venues without rebuilding the core protocol.

Varla supports three liquidation modes: • Simple — single or multi-collateral liquidation, plus bad debt resolution for underwater positions • Merge-assisted — for binary markets: merge YES/NO legs into collateral • Convert — for multi-outcome (NegRisk) markets: convert NO legs into collateral All modes are permissionless with health-factor based bonuses to incentivize fast and orderly enforcement.

The Lending Infrastructure
for Prediction Markets

Unlock liquidity.Keep your exposure.