📊Protocol Overview
LEND is simply lending & borrowing, amplified. With real yield extraction, from protocol, to holder.
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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.
FUN FACT: LEND is the first lending protocol on BNB 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 without the need to negotiate terms of maturity, interest rate 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 endeavour 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 onboarded. LEND aims to simplify this process and achieve financial inclusion for everyone. Providing true value to our users with no barriers to entry.
DEFI SUCCESS
Projects such as, Compound, Venus* (Approximate Revenue) & Aave have generated enormous amounts of revenue off the platform fees. While other protocols are profitable, native token holders continue to suffer due to the lack of utility, this is until LEND changes this cycle. LEND was also designed to reward users with 'real yield' to create a sustainable and beneficial model to 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 adapt and evolve alongside the DeFi space by ensuring we give real utility to $LEND.
How to use LEND
Use our handy guides to learn how to borrow and lend tokens on the lend.finance platform
[COMING SOON]
Seamless Cross-Chain
LEND aims to unify the $50 billion fragmented DeFi market by making it possible to borrow and lend assets between various chains seamlessly at the click of a single button. Increasing the availability of borrowing capacity expands the lenders’ opportunity to earn interest. Borrowers will also benefit from having easier access to a wider choice of lower borrowing rates from multiple chains — again with a single click. All thanks to LEND.
LEND will be launching fully cross-chain on BNB Chain, Ethereum and Polygon. Shortly after the initial launch LEND will seek to expand to Avalanche, Aptos, Sui and potentially many other exciting chains!
Upon the initial launch day LEND will first be available via BNB Chain, 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. Soon after launch the full cross-chain experience will be available.
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