LEND Provides Decentralized Financial Services to Individuals and Other Protocols
LEND is a decentralized lending protocol that makes it possible for individuals and other protocols to gain access to financial services. It is an organic progression of the TEN Finance Ecosystem as a whole. The protocol does not in any way call for permission, maintains perfect transparency, and does not in any way involve custody of the individual. It is the first lending protocol on BNB Chain, Ethereum, and Polygon that transfers a portion of the revenue and fees collected by the platform right back to the token holders. These funds come from the revenue generated by the network. A model that takes into consideration the current supply and demand for each individual asset is used by the platform to establish the interest rates that are used to construct pools of assets on the platform. These pools of interest rates are then used by the platform to generate new interest rates. Users are able to use the LEND platform to lend any supported assets on our marketplaces to other users in exchange for interest, and they are also able to use the money that is handed to them as collateral in order to borrow yet another supported item. LEND makes it possible to lend and borrow crypto assets without having to debate the terms of maturity, interest rate, or collateral with any peer or counterparty. This is made feasible by the fact that LEND is decentralized. The possibility of lending and borrowing cryptocurrency is hence opened up as a result of this.
The idea of loan protocols is not new to the DeFi ecosystem, and there are currently a large number of well-established protocols that have accumulated value in the range of multiple billions of dollars. When January 2022 rolled around, the amount of Total Value Locked (TVL) had already topped 170 billion dollars! Even while the DeFi sector is still very much in its infancy, there is still a large amount of value that is being collected by protocols that are still, in general, extremely technical and very difficult for the average user to get on board. LEND is supposed to make this process more straightforward, and the ultimate goal is to broaden people’s access to financial services. providing real value to our users while simultaneously removing any and all barriers that would prevent them from taking part in the activity. LEND will be made available on three different platforms: BNB Chain (where it will launch), Ethereum (where it will be traded), and Polygon (where it will be developed). At the time of the product’s initial introduction, LEND will initially be accessible via BNB, and users will supply and borrow BEP-20 tokens on the platform. In the not-too-distant future, LEND plans to investigate expanding its operations to include Avalanche and Cronos, in addition to other EVM-compatible chains. It will also look at the time of the product’s initial introduction, LEND will initially look at expanding its operations to include at the time of the product’s initial introduction, LEND will initially (This is something that could alter in the future depending on how much the ecosystem expands and develops.) The BNB Chain ensures that transactions will take place at speeds comparable to those of lightning and at fees that are among the lowest that the market now offers. After LEND has completed its preliminary rollout, it will almost immediately begin conducting business on Ethereum and Polygon.
FEES: At the time of its launch, LEND will be accessible on BNB Chain, Ethereum, and Polygon, in addition to preparations for its implementation and launch on the fascinating new Aptos ecosystem. Additionally, our platform fees will always be cheaper than those of the leading decentralized lending platforms in the industry.
Interest Rates on Borrowing: If you are able to provide collateral and borrow against your supported assets, you will be able to take advantage of extremely low-interest rates. With the help of our transparent platform, it is now simpler than ever before to comprehend the costs that you will be responsible for paying; fortunately, we will always make an effort to keep these prices in line with those of the market.
LEND is changing the face of the DeFi environment by implementing a new revenue-sharing model. LEND gives users a genuine yield as a reward by first obtaining and then sharing the actual revenue that is generated by the protocol, and then distributing this revenue directly back to the holders of $LEND.
The primary function of the $LEND token is to provide users with an actual portion of the revenue that is created by the protocol in order to facilitate the creation of what is known as “real yield.” In addition to this, $LEND will be used as an incentive to offer assets on the LEND platform, which will enable us to get as many people as possible involved in the governance of the protocol.
There are now three primary applications for $LEND, and they are staking, locking, and voting. The successful completion of these three tasks will necessitate the provision of your $LEND as well as the acquisition of $tLEND.
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
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3385240