LEND Finance is proud to announce the imminent launch of our innovative DeFi Multi-Chain Loan protocol – LEND and native token $LEND. LEND was designed from the ground up to create a fully inclusive decentralized financial ecosystem with no barriers to entry. Using LEND, our users will be able to know that they are safely, maximizing the earning potential of their crypto assets and savings.
Main features:
Lending assets and earning interest; Allocating collateral to lend crypto assets; Governance Protocol; First protocol to give revenue and return to token holders. With LEND you will be in complete control of your assets and interest! Without further ado, let’s discuss what LEND is…
Table of Contents
What is LEND?
LEND, is our next DeFi multi-chain lending platform. Users will be able to interact with the protocol in a few ways: depositing crypto assets and earning interest, similar to a savings account, or using their crypto assets as collateral to make token loans. LEND will establish pools of algorithmically derived and competitive interest rate models based on current supply and demand for each asset. Asset Vendors and Borrowers will be able to interact directly with the protocol on both earnings. In other words, we are quite similar to how most people are familiar with traditional financial services. You can deposit savings/assets, earn interest and even be able to create a loan from your available deposit. Another benefit to using LEND over a traditional financial institution is how the revenue collected is distributed. Traditional centralized financial institutions charge large fees and reward users very little. LEND is fully decentralized, meaning, unlike traditional financial services, our users will be able to access much more affordable lending rates. Thanks to our decentralized revenue sharing model, earn a much more attractive and fairer APR on all deposited assets.
Why are we releasing LEND?
Lending protocols are not new to the DeFi ecosystem and there are many established protocols with several billion dollars in captured value. These products have given DeFi some real substantial use cases, as it means users have the ability to borrow assets without the need for an intermediary or centralized party. As of January 2022, the Total Amount Locked (TVL) was well above $170 billion. Projects like Compound, Venus, and Aave have generated massive amounts of revenue outside of platform fees. Project Lifetime Revenue % Token Holders ATH ATL Compound US$51,200,000
0%
US$910.50 US$26.41 Venus US$40,000,000
0%
US$148.62 US$1.65 Aave US$38,600,000
0%
US$661.69 US$26.02 Benqi US$15,900,000
0%
US$0.39 US$0.01 Traditional Finance ∞
0%
– – LEND TBD
50%
TBD TBD But this highlights one trend, the main one, protocols are generally profitable yet native token holders continue to suffer due to lack of utility. That’s where LEND’s unique revenue-sharing model comes in, to change the cycle and deliver real value or “real yield” to our protocol users. Another problem commonly faced in DeFi is the failure of security or risk management. With LEND we want to guarantee the safety of the protocol from adverse events. To protect our users, we take a risk-mitigated approach that requires borrowers over collateral for optimal liquidity within the protocol and unsanitary accounts are subject to automated settlements. For lenders, this means you can provide assets and earn interest without having to be exposed to too much counterparty risk. For borrowers, this means that you are much less likely to end up with negative equity and be subject to liquidation.
How does the LEND ecosystem work?
When a user provides assets to the LEND protocol, they will receive a tokenized version of the asset. For example, provide $USDC and you will receive $tUSDC. Using these you can start earning interest as your tTokens are used to create balances borrowed by other users on the protocol. By providing tTokens, the underlying amount of tTokens will increase in value over time > like a savings account! tTokens are required when allocating collateral to create a borrowed balance. This means that all borrowers have to first supply tokens to the LEND markets before they can borrow any crypto assets.
How the $LEND token benefits users
We designed this ecosystem to shake up the DeFi space and create real value for our users, one of the main ways we do this is to offer $LEND as an incentive reward to all protocol users. Anyone who borrows or lends crypto assets on our protocol will receive $LEND. $LEND tokens will be the native token for the LEND protocol. Within the framework of the token, the token will give holders governance rights and a vote on key decisions to shape the future of the platform. But it doesn’t end there! $LEND tokens are also the key to earning passive income from the protocol. Once the token is released, holders can provide $LEND to the protocol in exchange for $tLEND which actually makes them eligible to claim 50% of the total revenue generated by the protocol! 50% more than any current protocol in existence. $tLEND tokens can also be staked or locked by users to earn additional platform reward fees based on a 90-day collection schedule. Blocking tokens for the full 90-day term means that more of the protocol’s revenue will be received.
Conclusion
While there are numerous lending protocols on the market, the team feels that there are very few that offer real value to most users. Especially in the ability to earn real income directly from the revenue generated by the protocol. The LEND protocol addresses this by being the first LOAN protocol to share platform revenue directly back to holders of $LEND tokens on BNB Chain, Ethereum, Polygon and Cube Network. With the support of key ecosystem partners and noted Venture Capital firm MH Ventures, LEND aims to make waves with our imminent launch into the DeFi space. For more information visit: Website: https://lend.finance
Twitter: https://twitter.com/LEND_finance
Telegram: http://t.me/lendfinance
Warning: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article Read also: ProBit Global offers 50% OFF BNB Read also: Receive $4,500 cashback at SimpleFX until October 2022 Read also: The most important update in the world DeFi is coming later in the year
