LEND is a decentralized lending Ecosystem and protocol to access financial services.

 

What is LEND?

LEND is a natural extension of the TEN Finance Ecosystem and a decentralized lending protocol for individuals and a protocol for accessing financial services. The protocol is completely permissionless, transparent and completely noncustodial. The LEND platform establishes a model set of algorithmically derived interest rates, based on the current supply and demand of each asset.

Users can use LEND to lend any assets supported in our market for others to borrow and earn interest, and also use the capital provided as collateral to borrow other supporting assets. LEND opens up the possibility to lend and borrow crypto assets without the need to negotiate maturity terms, interest rates, or collateral with any counterparty or counterparty. LEND offers a variety of tokens on our money market, support for various tokens will be continuously updated, and we will strive to always provide the market for the most liquid assets available.

Why LOAN?

Lending protocols are not new to the DeFi ecosystem and there are many established protocols with multi-billion dollar values ​​being captured. As of January 2022, Total Value Locked (TVL) is over $170 billion! Although the DeFi space is still very new, it is still a huge value captured by protocols that are generally still too complicated and very difficult for the average user to join. LEND aims to simplify this process and achieve financial inclusion for everyone. Delivering true value to our users without barriers to entry.

LEND is also designed to reward users with 'real results' to create a sustainable and beneficial model for the entire TEN Finance ecosystem. LEND will use the platform's native token; $LEND, to distribute the actual revenue generated back to our users. This feature will ensure LEND freely adapts and evolves with the DeFi space by ensuring we provide real utility for $LEND.

The purpose of $LEND?

The main goal of the $LEND token is to create 'real results' by rewarding users with a real share of the revenue generated by the protocol. $LEND will also be used to incentivize provision of assets on the LEND platform and will allow us to involve as many users as possible in the governance of the protocol. Currently $LEND has three main uses: staking, locking, and voting. All three of these will require you to provide your $LEND and get $tLEND.

Tokenomics:

TOKEN SYMBOL: LOAN

TOKEN TYPE: BEP20/ERC20

TOTAL SUPPLY: 1,000,000,000

INITIAL SUPPLY: 14,250,000

INITIAL MARKET CAP: TBA

Token Allocation:

12% - 120,000,000 LEND Allocated for Seed Round

5% on TGE, 4 months cliff with linear vesting from 5 -> 15 months at 8.64% per month

7.5% - 75,000,000 LEND Allocated for Private Round

10% on TGE, 3 months. bluff with linear vesting from 4 -> 12 months of 10.00% per month

0.5% - 5,000,000 LEND Allocated for Public IDO

15% on TGE, 1 month cliff with 5 months linear vesting at 17% per month

40% - 400,000,000 LOANS Allocated to Lenders & Borrowers

15% - 150,000,000 LEND Allocated for LP LEND 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 default to prize pool

7.5% - 75,000,000 LOANS Allocated for Collaborator Incentives

3 month bluff, 25% released every 90 days

7.5% - 75,000,000 LEND Allocated for TEN Finance Dev Team

cliff of 24 months, then linear vesting for 5 years

$LEND utility?

The $LEND token is the key to getting real results from the LEND protocol. Under the $LEND token structure, the token will give the holder control and a say in important decisions to shape the future of the platform. So by holding $LEND you will be able to determine the future direction of the protocol.

The $LEND token is also the key to earning passive income from our ecosystem. Once the token is launched, holders can supply $LEND to the protocol in exchange for $tLEND which actually qualifies them for a significant portion of the total revenue generated by the protocol.

Steve takes his $LEND token, supplies it to the Money Market at app.ten.finance -> Steve then receives his $tLEND token as deposit receipt. Holding $tLEND allows him to also receive additional $LEND tokens as an incentive to supply his tokens to the market.

ROADMAP:

Conclusion:

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

For more information, please visit the link below:

Website: https://www.lend.finance/

White paper: http://lend.gitbook.io/

Telegram: http://t.me/lendfinance

Twitter: http://twitter.com/lend_finance

Github: https://github.com/tenfinance

Media: https://medium.com/lendfinance

Author: 

Bitcointalk Username: Damkar58

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1925168

BSC Wallet: 0xFa468a5de2759AC15f1191d9A78240F2e7B137B0