# vpETH > Supply vpETH to earn lending yield or borrow vpETH against ETH collateral. Canonical URL: https://docs.polaris.finance/testnet/vpeth Markdown URL: https://docs.polaris.finance/testnet/vpeth.md Section: Using Polaris Testnet Documentation index: https://docs.polaris.finance/llms.txt Full documentation bundle: https://docs.polaris.finance/llms-full.txt --- The vpETH Lending Market allows users to supply vpETH to earn lending yield or borrow vpETH against ETH collateral. Borrowed vpETH can be sold to create a hedged position, helping reduce exposure to pETH price movements while maintaining collateral onchain. From here you can supply or withdraw vpETH, manage collateral and debt, and monitor key market metrics including utilization, available liquidity, maximum LTV, and the current vpETH price.