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

# What is Ascend Finance?

Ascend is a decentralized, non-custodial DeFi protocol aimed at maximizing the potential of Ethereum Liquid Re-Staking Tokens (LRTs). \
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When a user deposits LRT tokens in the protocol, they can mint Ascend's stablecoin, GREEN. \
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GREEN is fully collateralized by LRTs, and can be traded on the market to provide instant liquidity. GREEN held in your wallet earns interest from LRT rewards.\
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Unlike traditional stablecoins which don't provide any yield to users, GREEN is an interest-bearing stablecoin. This provides users - who are typically choosing between holding volatile assets which can drop in value or stablecoins which lose to inflation - with an important alternative, the ability to hold a stablecoin while still earning sustainable yield.\ <br>