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

# What is Dahlia?

Dahlia is a permissionless, modular lending protocol that emphasizes advanced risk control and liquidity aggregation, built atop the [Royco Protocol](https://royco.org). Designed to optimize capital efficiency and expand access to liquidity across a wider array of assets, Dahlia offers a flexible framework for market participants to manage risk while facilitating seamless borrowing and lending.

Dahlia empowers users to create markets, lend, borrow, repay, and withdraw seamlessly, supporting a comprehensive range of crypto lending and borrowing activities. Its modular design enables participants to maximize capital efficiency through limit orders while interacting with multiple liquidity pools. This adaptability not only improves capital allocation but also strengthens the overall functionality and resilience of the ecosystem.


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