# About Lif3 is deployed as a collection of smart contracts on the Tomb Chain network. These smart contracts make possible decentralized lending and leveraged yield farming by enabling non-custodial, permissionless markets. Lif3 offers a new DeFi experience and is inspired by ground-breaking initiatives such as Aave, Compound, Impermax, and Uniswap. The Liquidity tab on Lif3.com makes up the basic Terrace contracts. Anyone can establish a loan pool, and each lending pool is independent. Other lending pools are unaffected if a borrower is ultimately liquidated in one of them. Users can communicate with the core contracts through the Lif3 Protocol's periphery contracts. These peripheral contracts enable performing particular tasks like depositing LP tokens, giving specified tokens to a lending pool, and establishing a leveraged position. --- # 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.lif3.com/terrace/about.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.