What is LEND?
LEND is a natural extension of the TEN Finance Ecosystem and a decentralized lending protocol for individuals and protocols to access financial services. The protocol is completely permissionless, transparent, and totally non-custodial. The LEND platform establishes pools of algorithmically derived interest rate model, based on current supply and demand of each respective asset.
Users can use LEND to lend any supported assets on our markets for others to borrow and earn interest, and also use the provided capital as collateral to borrow another supported asset. LEND opens up the possibility of lending and borrowing crypto assets without the need to negotiate terms of maturity, interest rate or collateral with any peer or counter-party. LEND offers a wide range of tokens on our money markets, support for different tokens will constantly be updated, and we will endeavour to always provide a market for the most liquid assets available.
Why LEND?
Lending protocols are not new to the DeFi ecosystem and there are many established protocols with multi-billions of dollars in value captured. By January 2022 the Total Value Locked (TVL) was well over $170 billion! Despite the DeFi space being very much in its infancy, that is still a tremendous amount of value captured by protocols that are still generally, overly complicated and very difficult for the average user to get onboarded. LEND aims to simplify this process and achieve financial inclusion for everyone. Providing true value to our users with no barriers to entry.
LEND was also designed to reward users with 'real yield' to create a sustainable and beneficial model to the entire TEN Finance ecosystem. LEND will use the platform's native token; $LEND, to distribute actual revenue generated back to our users. This feature will ensure LEND is free adapt and evolve alongside the DeFi space by ensuring we give real utility to $LEND.
The purpose of $LEND?
The main purposes of the $LEND token is to create 'real yield' by rewarding users with an actual share of the revenue generated by the protocol. $LEND will also be used to incentivise supplying assets on the LEND platform and will allow us to get as many users involved as possible in the governance of the protocol. Currently $LEND has three main uses: staking, locking and voting. Those three things will require you to supply your $LEND and acquire $tLEND.
Tokenomics
- TOKEN SYMBOL: LEND
- TOKEN TYPE: BEP20/ERC20
- TOTAL SUPPLY: 1,000,000,000
- INITIAL SUPPLY: 14,250,000
- INITIAL MARKETCAP: TBA
Token Allocations
- 12% - 120,000,000 LEND Allocated for Seed Round
5% at TGE, 4 month cliff with linear vesting from months 5 -> 15 at 8.64% per month - 7.5% - 75,000,000 LEND Allocated for Private Round
10% at TGE, 3 month. cliff with linear vesting from months 4 -> 12 at 10.00% per month - 0.5% - 5,000,000 LEND Allocated for Public IDO
15% at TGE, 1 month cliff with linear vesting for 5 months at 17% per month - 40% - 400,000,000 LEND Allocated for Lenders & Borrowers
- 15% - 150,000,000 LEND Allocated for LEND LP Rewards
- 10% - 100,000,000 LEND Allocated for Airdrops
3 month cliff, 25% released every 90 days, must hold TENFI tokens to maintain airdrop, otherwise defaulted into rewards pool - 7.5% - 75,000,000 LEND Allocated for Collaborator Incentives
3 month cliff, 25% released every 90 days - 7.5% - 75,000,000 LEND Allocated for TEN Finance Dev Team
24 month cliff, then linear vesting over 5 years
.jpg)
https://www.lend.finance/
http://lend.gitbook.io/
http://t.me/lendfinance
http://twitter.com/lend_finance
#LEND #BORROW #blockchain #cryptocurrency #binance
author : Bim-Bim