Surf is a decentralized pooled lending protocol built on Cardano. Lenders earn yield by supplying ADA, stablecoins, and other supported assets, while borrowers use ADA and Cardano-native tokens as collateral to unlock liquidity without selling their holdings. Borrowers draw directly from shared liquidity pools, without waiting for an individual lender or agreeing to a fixed maturity date. Surf supports a broad range of Cardano-native markets and offers features including multi-collateral pools, dynamic interest rates, partial repayments, collateral management, integrated leverage, and community-created lending markets. SURF is the protocol’s native token and is used for staking, incentives, community pool creation, and governance.