LEND: The first DeFi platform on BNBChain, Eth and Polygon

 Screenshot_1.jpg

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.

Fe4sitTXwAEML85.jfif

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.

FgK4m1DXkAEUsNw.jfif

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

Header_01111.jpg

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

Header_01 (3).jpg

The utility of $LEND?

$LEND tokens are the key to earning real yield from the LEND protocol. Within the $LEND token structure the token will give holders governance and voting rights in important decisions for shaping the future of the platform. So by holding $LEND you'll be able to have a say in the future direction of the protocol.

$LEND tokens are also the key to earning passive income from our ecosystem. Once the token has launched, holders can supply $LEND to the protocol in exchange for $tLEND which actually makes them eligible to earn a large portion of the total revenue generated by the protocol.

Steve takes his $LEND tokens, supplies it to the Money Markets on app.ten.finance -> Steve then receives $tLEND tokens as a deposit receipt. Holding $tLEND allows him to also receive additional $LEND tokens as an incentive for supplying his tokens to the market.

ROADMAP

LEND_RoadMap.png

Conclusion

The platform is built on the LEND token which has several key features that make it unique. The token is used as the medium of exchange between investors and borrowers. All transactions are done using LEND tokens. This insures that there will be a limited supply of tokens in the market. This in turn will allow it to appreciate in value over time. The tokens are used to pay for the transaction fees on the platform. These fees will be determined by the platform.

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 details :

Bitcointalk username : MiniMouse
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2773386
BSC Wallet Address: 0x2c74a6906ffd1975523b6a1e90d2a010d38cae1e

Comments

Post a Comment

Popular posts from this blog

StoryFire: Creative Video/Editorial Content Platform | Share Stories | Be Heard! | Make a Difference

Image
  About StoryFire StoryFire is a video-sharing platform created by content creators Jesse Ridgway and Brian Spitz in 2017. It was built to provide content creators with a more independent and supportive environment with a focus on long-form content and alternative monetization options. StoryFire's innovative technology provides a range of benefits to content creators. The platform's algorithm for recommending content to viewers is more transparent and creator-friendly than many other video-sharing platforms. StoryFire is all about stories. Users can create and share multimedia content, including written stories, videos, and images, in a format that’s designed to be easy to consume and engaging for viewers. Stories can be shared publicly or privately, and users can interact with each other through comments and private messages. Here’s how StoryFire works: Creating an account:  To use StoryFire, you need to create an account. You can sign up using your email address or connect yo
Read more

NAKAPAD: Supporting your blockchain project from A-Z

Image
  About Nakapad Nakapad is a comprehensive launchpad platform that provides a curated selection of services to ensure the healthy launch and growth of blockchain projects. Unlike other launchpads that might focus solely on token emission, Nakapad takes a holistic approach by offering a suite of services, including funding support, technical aid, legal counsel, and marketing strategies. Nakapad is not just another launchpad; it is a comprehensive platform dedicated to empowering blockchain projects to thrive and innovate. With a focus on security, compliance, community engagement, and versatility, Nakapad is poised to redefine the future of blockchain and crypto projects. Why Choose Nakapad Nakapad walks alongside projects from their inception, guiding them through every phase until their visions are realized in full. It offers more than just a technical foundation for token launch; it provides a comprehensive solution for project creators, developers, and participants in the cryptocurr
Read more

Seasonal Tokens - cryptocurrencies that are mined using proof of work like bitcoin

Image
About Seasonal Tokens Seasonal Tokens are digital currencies mined utilizing evidence of work like bitcoin. They are planned so that assuming you exchange them a cycle you will wind up with more than you began with. There are four tokens Spring, Summer, Autumn, and Winter. When at regular intervals, the pace of creation of one of the tokens is sliced down the middle. The tokens that are delivered at the quickest rate become the slowest. Spring tokens are presently delivered at the quickest pace of the four. In June the Spring dividing will occur and Spring will then turn into the most troublesome of the four to mine. Features of Seasonal Tokens Effectively increment your tokens : A financial backer who exchanges 3 Spring tokens for 5 Summer tokens will have a larger number of tokens altogether after the exchange than previously. Continuously exchange tokens for additional tokens and the absolute number of tokens you own will increment with each exchange. Benefit from unpredictability:
Read more