LEND is a decentralized financial ecosystem

About LEND

LEND is a new and innovative multi-chain crypto lending protocol. 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 is a subsidiary of the TEN FINANCE Ecosystem. It is a decentralized lending protocol for personnels and protocols to ingress financial services. To grasp the concept of LEND is not complicated. LEND operates like the traditional bank which we all make use of. It simply requires investors to supply their possessed asset and earn interest from the protocol.

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.

Benefits and Features of LEND

The Prowess of LEND

Every investor or participant in possession of the LEND Digital asset can use LEND to lend any featured asset on the LEND official market to other investors who want to borrow and then be rewarded with an interest in the process. Again, LEND owners can present their LEND digital asset as a collateral to borrow other asset featured on the LEND market. With these cycle it is safe to say that LEND opens up the opportunity of lending and borrowing crypto assets while completely obliterating the need to deliberate on terms of maturity, interest rate or collateral with any fellow investor or third part personnel.

Diversity of the LEND Market

The LEND money Market is filled with a board range of tokens and many more promising tokens will be constantly added as time progresses. The core team has also stated that they would always deliver a market for the most liquid assets present.

Affordable Fees

The Binance Smart Chain network, Ethereum and Ploygon Blockchains would be the primary Blockchains LEND would be launching on. In the near future, more exchanges would be added. The core team is also working hard to list LEND on Aptos ecosystem and LEND’s platform fees would be considerably cheaper than that of other decentralized Lending platforms.

LEND App

Lend would have its own unique app which would be downloadable on Apple and Google Playstore. In LEND, you are in full control of your crypto assets. Since the core team does not hold the asset of any of its participant. This fosters comfort and confidence in the hearts of investors. Not like other establishments that present a central authority who later abscond with investor’s funds.

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

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.

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


author : Scubidu