Blog
How MLKY works, written down.
Step-by-step guides to both sides of the deal: borrowing against your cards, and lending into the pools that fund them. Plus a plain account of the unhappy path. No claims the protocol doesn’t enforce.
Borrower guide
Borrow against your cards, step by step.
From a signed price quote to your card coming home: the whole MLKY loan in five steps, including the part where you give the card up.
August 9, 2026 · 6 min read
Lender guide
Lending on MLKY, step by step.
How a pool turns USDC into fixed-rate yield backed by graded cards. Plus an honest note on who can deposit today.
August 9, 2026 · 6 min read
Defaults guide
Defaults and liquidation, step by step.
The unhappy path is fully mechanical: a clock, a descending sale, and a fixed waterfall. What happens, in order, who gets paid — and the part that comes back to you.
August 19, 2026 · 6 min read