❓$LEND FAQs
Welcome to the $LEND FAQ section 👋
Use this section to find answers to questions we're commonly asked about the $LEND token.
What is the purpose of $LEND?
The main purposes of the $LEND token is to create 'real yield' by rewarding users with an actual share of the revenue generated by the protocol. $LEND will also be used to incentivise supplying assets on the LEND platform and will allow us to get as many users involved as possible in the governance of the protocol.
Currently $LEND has three main uses: staking, locking and voting. Those three things will require you to supply your $LEND and acquire $tLEND.
How to get $LEND?
Getting $LEND is simple. Everyone who supplies tokens, provides collateral or borrows using the protocol will recieve $LEND as a reward to incentivise users providing liquidity. This will help to ensure the protocol continues offering low fees and extremely low slippage. Ways to get $LEND tokens:
Where can I find the release schedule?
You can find the release schedule for the next six years at this address:
What is the current circulating supply?
The amount of circulating $LEND at launch will be 14,250,000. In the future we will update this section with a guide to tracking the live circulating supply!
What is the utility of $LEND?
$LEND tokens are the key to earning real yield from the LEND protocol. Within the $LEND token structure the token will give holders governance and voting rights in important decisions for shaping the future of the platform. So by holding $LEND you'll be able to have a say in the future direction of the protocol. $LEND tokens are also the key to earning passive income from our ecosystem. Once the token has launched, holders can supply $LEND to the protocol in exchange for $tLEND which actually makes them eligible to earn a large portion of the total revenue generated by the protocol.
Example: Steve takes his $LEND tokens, supplies it to the Money Markets on lend.finance -> Steve then receives $tLEND tokens as a deposit receipt. Holding $tLEND allows him to also receive additional $LEND tokens as an incentive for supplying his tokens to the market. ($LEND tokens can not be used as collateral at launch, feature launch tba)
Learn how to supply $LEND to get $tLEND by reading the dedicated guide: (Coming Soon)
What is $LEND voting?
One of the most interesting properties of the $LEND tokens is the ability to participate in protocol governance. As the protocol matures there will be plenty of opportunities to vote on user submitted proposals to shape the direction of development.
Read more about protocol governance here!
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