# No lockups Most unsecured loans in DeFi are still fixed term — this means that lenders must wait until the loan maturity to exit their position. This leaves a significant void for on-chain USDC holders who are willing to lend unsecured but are unwilling to lock their capital. As DeFi users ourselves, we recognize the immense opportunity cost with being locked in a position. Ribbon Lend operates like Aave — a peer-to-pool mechanism that sets rates based on [utilization of funds in the pool](/ribbon-lend/introduction-to-ribbon-lend/no-lockups/pool-status.md). As long as there is liquidity in the pool, users can exit their loans instantly, and accrue interest only for as long as they have been in the pool. Ribbon Lend’s pools use a utilization curve that incentivizes borrowers to leave some liquidity in the pool to facilitate withdrawals. Withdrawing is equivalent to making a token redemption for your rTokens: you return them in exchange for your capital. --- # 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.ribbon.finance/ribbon-lend/introduction-to-ribbon-lend/no-lockups.md?ask= ``` 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.