# Welcome to WEN Protocol

WEN Protocol is a decentralized, censorship-resistant, and community-owned protocol that enables users to secure loans using [Liquidity Staking Derivatives (LSDs)](https://defillama.com/lsd) as collateral. These loans have minimal fees and provide up to 7x leverage, with repayments made in wenUSD.

The WEN Protocol codebase is derived from [Liquity](https://www.liquity.org/), retaining its [features](https://www.liquity.org/features/interest-rate) while also supporting multiple LSDs as collateral, In the early stages of the project, WEN will use pufETH as the only collateral.

**wenUSD** is over-collateralized by LSDs and maintains a 1:1 peg to the USD.

**$WEN** and **esWEN (escrowed WEN)** are the native and governance tokens of the system.


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# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.wenprotocol.io/welcome-to-wen-protocol.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.