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

# EARN Protocol

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PulseChain Link
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EARN Protocol is the Enhanced Autonomous Rewards Network and is live on PulseChain.  This network is a decentralized borrowing protocol that allows you to draw interest-free loans against $PLSX used as collateral. Loans are paid out in PXDC (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.

In addition to the collateral, the loans are secured by a Stability Pool containing PXDC and by other borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.&#x20;

EARN as a protocol is non-custodial, immutable, and governance-free.

If you still have questions after browsing this documentation, please join our [Telegram](https://t.me/POWERCITYio).

EARN Protocol is a part of the POWERCITY Ecosystem.  Learn more about the ecosystem and its other protocols [here](https://docs.powercity.io/ecosystem/).