# Overview [INIT Capital](https://init.capital/) is a non-custodial decentralized lending protocol that caters to DeFi users – including lenders, borrowers, and liquidators – and protocols through 'Liquidity Hooks'. ## Key Concepts The following contains the key concepts to understand how INIT works: * [Multi-silo Position](#multi-silo-position) * [Mode](#mode) * [Liquidity Hook](#liquidity-hook) * [LP as collateral (Coming Soon)](#lp-as-collateral-tbd) ### Multi-silo Position Users can create many siloed and isolated positions on INIT by using only a single account, unlike other major lending protocols that use account-based position that only allows one cross-margin position per account. Each position contains information on its ID, mode, collaterals, borrows, rewards, and their corresponding amounts. ### Mode Each position has its corresponding mode. Each mode has different allowed collateral and borrow tokens, token collateral and borrow factors, and debt ceilings. ### Liquidity Hook Liquidity Hook allows integrated protocols to utilize INIT's liquidity and make external contract calls to perform arbitrary liquidity strategies. During the process, the interacted positions' healths are bypassed and finally checked to be healthy at the end of the process. ### LP as collateral (Coming Soon) --- # 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://dev.init.capital/overview.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.