Introduction of $LEND
LEND is the future of DeFi. LEND, is our DeFi multi-chain lending platform, designed from the ground up with the intention of creating a fully inclusive decentralized financial ecosystem with zero barriers to entry. With LEND, our users will be able to know they are safely maximizing the earning potential of their crypto assets and savings. Users can interact with the protocol in a few ways; Deposit crypto assets to earn competitively high interest, similar to a traditional savings account. Or use their crypto assets as collateral to borrow tokens.
$LEND will connect crypto and fiat lenders, borrowers and co-lenders in an open, efficient and decentralized network. $LEND will offer blockchain-based identity and credit score to the crypto community. The Lend project aims to create a protocol for decentralized lending with collateralized loans. It will provide an open-source lending engine that enables trustless lending by maintaining a fully collateralized loan pool.
Key Features of LEND:
- Lending — Supply assets to the protocol to earn interest
- Borrowing — Supply assets as collateral to borrow crypto
- Governance — Vote on important future protocol decisions
- Earning — Earn 25% of all platform revenue with $LEND tokens
- MultiChain — Launching on BNB Chain, Eth & Polygon with framework complete for many other chains. Each chain means an additional stream of revenue to be earned by $LEND token stakers.
How does LEND work:
LEND works by establishing Lending pools out of deposited crypto assets. These Lending pools are the collective tokens of all users who wish to deposit assets and are used to facilitate borrow requests from other LEND users. The Lending pools are algorithmically derived and have a floating variable, but competitive interest rate model, based on the current supply and demand of each respective asset. If supply outweighs demand, it will have lower rates for borrowers and lenders.
The $LEND Tokens are a decentralized cryptocurrency. The $LEND Tokens can be used for trading, lending, paying for goods and services, and much, much more. The $LEND Platform is an easy-to-use lending platform built on the Bsc network. The $LEND Platform provides a decentralized lending process that is fair, fast and transparent. Lenders can make money lending their $LEND Tokens to borrowers who pay them back with an interest rate.
Why do you need LEND
$LEND tokens will be the native token for the LEND protocol. Within the token structure, the token will give holders governance and voting rights in important decisions for shaping the future of the platform. It doesn’t end there though…
$LEND tokens are also the key to earning passive income from the protocol. Once the token has launched, holders can supply $LEND to the protocol in exchange for $tLEND which actually makes them eligible to claim 25% of the total revenue generated by the protocol! 25% more than any current existing protocol! Can Venus do that?
$tLEND tokens can also be staked or locked by users to earn additional Platform Reward Fees based on a 90-day vesting schedule. Locking tokens for the full 90-day term means an increased share of protocol revenue will be received.
Is LEND safe?
The sustainability, safety and overall longevity of the LEND protocol is something we’ve kept in mind since day one. We aren’t aiming for overnight success, we’ve been building this ecosystem for over a year and aim to stick around for many more.
With LEND we really wanted to ensure protocol safety from any adverse events. To protect our users and ourselves we have adopted a risk mitigated approach to all aspects of the platform.
LEND Safety Features:
- Security Audit — Industry leading experts at Peckshield have reviewed and approved LEND smart contracts multiple times.
- Collateral Requirement — All borrowers required to be overcollateralized for optimal liquidity within protocol. This means users have to provide more collateral than they are able to borrow.
- Only Liquid Assets — LEND will only ever support the most liquid assets on the market. This has been done to avoid protocol manipulation that might result in total systemic failure. (Like Mango)
- Automated Liquidations— Unhealthy borrower accounts that go into negative equity will be liquidated by the protocol to remove bad debt.
For lenders, these features means you can provide assets and earn interest without the need to be exposed to much counter-party risk.
For Borrowers, that means you’re much less likely to end up with negative equity and be subject to liquidation.
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Tokenomics
- TOKEN SYMBOL: LEND
- TOKEN TYPE: BEP20/ERC20
- TOTAL SUPPLY: 1,000,000,000
- INITIAL SUPPLY: 14,250,000
- INITIAL MARKETCAP: TBA
ROADMAP
Conclusion
Users can use LENDto lend any supported assets in our marketsfor others to borrow and earn interest,and also use the provided capital ascollateralto borrow another supported asset.This opens up the possibility of lendingand borrowing crypto assets fromanywhere in the world. In this blog post, we explained how LEND worksand what you can do with it. If you're interested in using this protocol, be sureto check out their website for more information. Thanks for reading!
For More Information:
Website: https://www.lend.finance/
Whitepaper: http://lend.gitbook.io/
Telegram: http://t.me/lendfinance
Twitter: http://twitter.com/lend_finance
Github: https://github.com/tenfinance
Medium: https://medium.com/lendfinance
Author
Forum Username: Aldehyde
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2813893
ETH Wallet Address: 0x3Bcd50FbCB3e91b702f8e59248d841d7747d2DaF