> For the complete documentation index, see [llms.txt](https://docs.arenas.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.arenas.fi/readme.md).

# Overview

**Arenas** lets you earn yield by funding real-world financing. You deposit a stablecoin into a pool, the pool lends to vetted borrowers in a specific program, and their repayments flow back to you as interest.

These docs are written for **depositors**, the liquidity providers (LPs) who fund Arenas pools.

| Layer                              | What it means for you                                                                                                                      |
| ---------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------ |
| **Financing markets**              | Where your deposit goes. Each market funds one real-world program, and every loan is approved by a person and backed by a legal agreement. |
| **Credit Delegation Module (CDM)** | An optional route to **boosted yield**: keep collateral on SomniaLend and route its borrowing power into an Arenas pool.                   |
| **SomniaLend**                     | An optional, external liquidity source for the CDM. Not operated by Arenas.                                                                |

***

### How your deposit earns

```mermaid
flowchart LR
    You[You · depositor] -->|deposit stablecoin| Pool[(Arenas pool · Somnia)]
    Pool -->|approved financing| Borrowers[Borrowers]
    Borrowers -->|principal + interest| Pool
    Pool -->|growing pool shares| You
    You -.->|optional: delegate SomniaLend credit| CDM[CDM]
    CDM -.->|boosted liquidity| Pool
```

* [**Deposit**](/financing-markets/supply.md) into a pool and receive **pool shares** that grow as borrowers pay interest.
* [**Withdraw**](/financing-markets/withdraw.md) through a two-step, time-locked request.
* [**Boost your yield**](/credit-delegation.md) by delegating SomniaLend borrowing power through the CDM.

***

### Where to start

* How your capital moves → [**How Arenas works**](/how-it-works.md).
* Picking a pool → [**Financing Markets**](/financing-markets.md).
* What can go wrong → [**Risks**](/risks.md). Read this before depositing.
* Common questions → [**FAQ**](/faq.md).

***

### Networks

Arenas operates on **Somnia** (chain `5031`). The app is at [app.arenas.fi](https://app.arenas.fi).