Protocol Overview
Last updated
Last updated
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 powered by LayerZero, that enables one click omnichain lending & borrowing AND shares 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.
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.
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.
Check out our handy quick start guide to learn how to borrow and lend tokens on the lend.finance platform⬇️
LEND aims to unify the $100 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 Ethereum, Optimism, Base and Merlin Chain. Shortly after the initial launch LEND will seek to expand to Avalanche, Aptos, Sui and potentially many other exciting chains!
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