LEND Works
LEND is a decentralized lending protocol that allows individuals and protocols to access financial services. The protocol is completely permissionless, transparent, and non-custodial. Lend is the first lending protocol on Binance Chain, Ethereum, and Polygon to share revenue fees generated by the platform directly back to token holders. The Lend platform establishes pools of algorithmically derived interest rate models, based on the current supply and demand of each respective asset. Users can use Lend to lend any supported assets in our markets to earn interest, and also use the provided capital as collateral to borrow another supported asset. This opens up the possibility of lending and borrowing crypto assets.
How Lend Protocol Works
LEND is a decentralized lending protocol that allows individuals and protocols to access financial services. The protocol is completely permissionless, transparent, and non-custodial.
LEND is the first lending protocol on Binance Chain, Ethereum, and Polygon to share revenue fees generated by the platform directly back to token holders.
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 from anywhere in the world.
What Can You Do With Lend?
With Lend, you can:
Lend your crypto assets to earn interest
-Borrow against your crypto assets as collateral
-Use the provided capital to trade or invest in other assets
Each of these options are available without having to go through a centralized institution like a bank. The whole process is done through smart contracts on the blockchain, which makes it transparent and secure. And because the protocol is permissionless, anyone can use it without having to go through a third party.
LEND is a decentralized lending protocol that allows individuals and protocols to access financial services. The protocol is completely permissionless, transparent, andnon-custodial. LEND is the first lending protocol on Binance Chain, Ethereum,and Polygon to share revenue fees generated by the platform directly back totoken holders.Users can use LENDto lend any supported assets in our marketsfor others to borrow and earn interest,and also use the provided capital ascollateralto borrow another supported asset.This opens up the possibility of lendingand borrowing crypto assets fromanywhere in the world. In this blog post, we explained how LEND worksand what you can do with it. If you're interested in using this protocol, be sureto check out their website for more information. Thanks for reading!
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
BTT Username: majnokhan2021
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=3437384