What is LENA?
LENA (- Lending and Earning on Non-fungible Assets), is the latest Web3 liquidity provider that facilitates decentralized and permissionless lending for all NFT collectibles, while providing ETH liquidity pools for staking rewards, lending, and more. Empowering users with autonomy and transparency is at the heart of our design philosophy, as the services we offer span across all Web3 assets. LENA's goal is to unlock the true potential of Web3 as we develop innovative NFT solutions including fractionalization, derivatives markets, multi-chain support, and flexible venture lending protocols that give power back to users. As we redefine utility and liquidity, new markets and opportunities will emerge, and LENA will be at the forefront of this decentralized revolution.
The LENA Network aims to be a productive protocol that returns 100% of the protocol revenue to the protocol participants, i.e. holders of veLENA. Holders can participate in the governance process of the LENA Network, mainly by voting on proposals on the governance portal.
The official public token distribution doc clearly describes that 2% of tokens will be used for retroactive airdrops:
Prior to the grand launch of the LENA network by mainnet Polygon and Ethereum, LENA will launch NFTs on the Polygon network.
The NFT will serve as an access pass to test the network and as proof of early network involvement.
Supply 5000 free mint NFT level higher airdrop weight
The Member Pass is an upgradeable NFT that accumulates Experience Points (EXP) as users regularly trade and use the protocol.
Network: Polygon Testnet (Mumbai)
Your membership pass will first exist on the testnet. Your membership pass will be upgraded as you continue to interact with the contract of the LENA network. Each level will be entitled to different benefits on the LENA network, including but not limited to token airdrops. After the mainnet launch, the NFT will automatically migrate to the mainnet Polygon.
II. LENA interaction process
- Add test network
First, the wallet main network switches to the horseshoe test network: one-click addition can be completed by chainlist.org
If chainlist doesn't work, manually add add Polygon (Mumbai) network
- Open Metamask and click "Add Network"
- Information about the configuration of the Mumbai network:
Network Name: Mumbai
New RPC URL: https://polygon-mumbai.infura.io/v3/4458cf4d1689497b9a38b1d6bbf05e78
Chain ID: 80001
Currency symbol: MATIC
Block Explorer URL: https://mumbai.polygonscan.com
- Receive test tokens
Enter the website dedicated to territorial waters: mumbaifaucet.com enter your wallet address and click Send Me Matic. If the website does not work, you can try it on many different territorial waters websites before
3, casting early NFT:
Enter the official website: test.lena.network
Then click Free mint in the upper right corner
Then like and forward the official tweet content as required, and click mint.
- Add LP
Enter the official website of the lena project: test.lena.network
Select a test NFT in the faucet to mint both NFT and WETH test coins
Next access WETH
Enter the amount of authorized tokens and deposit. After the deposit is successful, the amount of balance you have deposited will be displayed, and the display is successful.
- Borrowing
Pledged NFT Loans
Then choose the loan amount at will and authorize the NFT to borrow
Repayment of loans
Click repay loans, enter the amount you want to repay and confirm the transaction
6, auction market bidding
Click on any available auction item
Then enter your bid and submit
If you win the auction, check "Auction History" to get NFT
