💵Fees & Revenue Sharing
A breakdown of all fees taken by the protocol & how these get redistributed in the ecosystem.
Welcome to the LEND Revenue Sharing Section 👋
This section is dedicated to covering the unique revenue sharing model used by the LEND protocol. This is one of our key incentives to using LEND & $LEND tokens. Study this page to fully understand where LEND revenue comes from and how you can earn up to a maximum of 50% of all the cross-chain revenue we generate.
Where does the revenue come from?
We created a simple graphic to help explain where LEND revenue comes from.
Example: A Lender (we'll call them LEN-10) supplies their $USDC tokens, to the lending markets on lend.finance for 5% APR -> LEN-10 will receives $tUSDC tokens as a deposit receipt that will automatically earn the 5% interest A Borrower wishes to borrow $USDC from the borrow markets. This market will charge them 9% APR throughout the borrow duration, until the loan is repaid. By the time the borrower has repaid the full loan amount the original lender will have received 5%, leaving 4% as revenue for LEND!
All figures are hypothetical and for illustrative purposes only, actual supply and borrowing rates will vary based on current supply and demand of the asset.
💰Revenue Sharing
Our revenue sharing model is what sets us apart from the competition and we're actually allowing our ecosystem users to earn up to a maximum of 50% of ALL the total revenue generated by the protocol. This is achieved through $LEND staking / locking and of course TEN Lots.
Let’s see how the revenue is broken down…
You can earn an additional 25% of LEND revenue by staking $TENFI on app.ten.finance and claiming your TEN lots. You can read full details here: bit.ly/3QKhOhN
25% of ALL LEND revenue generated from all chains gets distributed to $LEND token Lockers & Stakers -> #RealYield
25% of ALL LEND revenue generated from all chains gets distributed to TENLots holders -> #RealYield & Utility for $TENFI Tokens
50% of all LEND revenue gets distributed to the TEN Finance team treasury to be used for maintenance, future development, reward incentives etc...
Example: For every $1 earned by the LEND platform, $0.50 goes to TEN Finance, $0.25 goes to tLEND Lockers & Stakers and $0.25 goes to TEN Lots holders.
Lockers & Stakers
💰Stakers
Users can stake their tLEND tokens they receive when supplying LEND to the markets to earn additional Platform Reward Fees in $USDT subject to a 90-day vesting unlock. Staking also gives you the option to unstake and retrieve your assets at any given point in time, even if the vesting schedule has not yet been completed. Exiting your vesting early will incur a penalty and these penalties are disbursed to those that have locked their tLEND tokens. This is based on a vesting schedule, see below:
🔒 Lockers
Rather than simply staking users can also opt to lock their tLEND tokens for a fixed three (3) month period. Users opting to lock tLEND will be eligible to receive Platform Fee Rewards plus the Penatly Fee Rewards taken from stakers who opt to unlock their assets early in (USDT).
Locking tLEND is very similar to staking with a few key differences, see below:
Penalty Fees
100% of the Penalty fees are distributed to tLEND Lockers
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