LEND is a decentralized lending protocol that allows individuals and protocols to access financial services. It is a natural extension of the TEN Finance Ecosystem. The protocol does not require any permission, is completely open, and does not in any way involve custody. It is the first lending protocol on BNB Chain, Ethereum, and Polygon that distributes a portion of the revenue and fees made by the platform straight back to the token holders. The platform creates pools of interest rates that are determined algorithmically, using a model that takes into account the present supply and demand for each individual asset. Users are able to utilize the LEND platform to lend any supported assets on our marketplaces to other users in exchange for interest, and they are also able to use the provided money as collateral in order to borrow yet another supported item. LEND makes it possible to lend and borrow crypto assets without having to discuss the terms of maturity, interest rate, or collateral with any peer or counterparty. This opens up the potential for lending and borrowing cryptocurrency.
The concept of lending protocols is not new to the DeFi ecosystem, and there are already a great number of well-established protocols that have amassed value in the multi-billion dollar range. By January 2022, the amount of Total Value Locked (TVL) had already surpassed 170 billion dollars! Even while the DeFi industry is still very much in its infancy, there is still a significant amount of value that is being captured by protocols that are still, in general, excessively sophisticated and very difficult for the typical user to get on board. This method is going to be made easier by LEND, and the end goal is to ensure that everyone has access to financial services. offering genuine benefits to our users while removing all obstacles to participation. Launching on BNB Chain, Ethereum, and Polygon are the three platforms where LEND will be available. In the not-too-distant future, LEND plans to look into expanding its operations to include Avalanche and Cronos, in addition to other EVM-compatible chains.
At the time of the product's initial introduction, LEND will initially be accessible via BNB, and users will supply and borrow BEP-20 tokens on the platform. (This may change in the future depending on the growth and development of the ecosystem.) The BNB Chain ensures that transactions will take place at lightning-fast rates and at fees that are among the lowest in the industry. After the initial launch of LEND, it will almost immediately begin operations on Ethereum and Polygon.
This section is dedicated to learning all there is to know about our most beloved token, $LEND! Throughout the entirety of this section, we will concentrate on the fundamentals of how the token operates, namely how it may produce passive income and how it unlocks genuine returns. Continue reading to find out why you should not sell any of your $LEND tokens just yet.
You have the opportunity to receive LEND as a reward for delivering assets and providing collateral, in addition to obtaining it as a portion of the revenue generated by the platform. Once the platform is up and running, $LEND will also be made directly available for purchasing and trading.
Let's take a quick look at some of the ways $LEND can be put to use:
- You can get a portion of the revenue generated by the platform by staking $LEND.
- When you need to borrow cryptocurrency, use $LEND as collateral.
- Lock in $LEND to maximize the extra revenue that can be generated from penalty fines.
- Cast your vote on the various LEND ecosystem-related suggestions.
The primary functions of the $LEND token are to incentivize the provision of assets on the LEND platform and to reward users for their participation in the protocol by providing them with a share of the actual money earned by it. $tLEND will make it possible for us to have as many people involved in the governance of the protocol as is humanly practicable. At the moment, the most important applications for $LEND are staking, locking, and voting. The completion of these three tasks will necessitate the provision of your $LEND and the acquisition of $LEND.
Tokenomics:
- SUMMARY Text
- Token Symbol LEND
- Token Type BEP20/ERC20
- Total Supply 1 Billion
- Initial Supply 1,42,50,000
- INITIAL MARKETCAP TBA
Users have the ability to stake the tLEND tokens that they receive as a reward for supplying LEND to the markets in order to earn extra Platform Reward Fees in $USDT, which are subject to a vesting unlock period of ninety days. You have the ability to unstake your assets and collect them at any point in time, even if the vesting schedule has not yet been finished. This is one of the advantages of staking. If you leave your vesting phase too soon, you will be subject to a penalty, and those who have already locked their tLEND tokens will get the proceeds of this penalty.
For more information follow these links:
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
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3385240