LEND [ LENDING & BORROWING AMPLIFIED

minato09 (25)in #ico • 2 years ago

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 models, based on the 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 rates 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 endeavor to always provide a market for the most liquid assets available.

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 on board. 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 for 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 to adapt and evolve alongside the DeFi space by ensuring we give real utility to $LEND.

Multi-Chains

LEND will be launching on BNB Chain, Ethereum and Polygon. In the future, LEND will seek to also expand to Avalanche and Cronos among other EVM compatible chains and At the initial launch LEND will first be available via BNB, using BEP-20 tokens to supply and borrow on the platform (This may change depending on ecosystem growth/development). The BNB Chain guarantees fantastic speeds and competitively low transaction fees. LEND will also quickly launch on Ethereum and Polygon a few days post-launch.

LEND Safety

safety and overall longevity of the LEND protocol is something we've kept in mind since day one. We aren't aiming for overnight success, we've been building this ecosystem for over a year and aim to stick around for many more. So this page is designed to discuss all of the steps we're taking to protect YOU the user and ensure the longevity of the LEND ecosystem.

With LEND we really wanted to ensure protocol safety from any adverse events. To protect our users and ourselves we have adopted a risk mitigated approach to all aspects of the platform. Check out some of the features below.

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Security Audit — Industry leading experts at Peckshield have reviewed and approved LEND smart contracts multiple times.

Secured Collateral Requirement — All borrowers required to be overcollateralized for optimal liquidity within the protocol. This means users have to provide more collateral than they are able to borrow. Doing this protects both Lenders & Borrowers as it means Borrowers are less likely to find themselves with bad debt, and Lenders can rest easy knowing their deposits are secured.

Only Liquid Assets — LEND will only ever support the most liquid assets on the market. This has been done to avoid protocol manipulation that might result in total systemic failure.

Automated Liquidations— Unhealthy borrower accounts that go into negative equity will be liquidated by the protocol to remove bad debt. This is to maintain ecosystem health and further protect the original Lenders' deposits.

Roadmap

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