Last updated
Last updated
This section is dedicated to learning all about our favourite token; $LEND! Throughout this section we'll focus on the basics of how the token works, how it can earn passive income and unlocks real yield. Keep reading to discover why you'll want to hold onto your $LEND tokens.
$LEND is our native token that at the centre of the LEND ecosystem.
You can earn LEND as a bonus for supplying assets, providing collateral, and receiving it as your share of platform revenue. Once launched $LEND will also be available to buying/swap directly. Let's briefly explore some of the $LEND use cases:
Supply $LEND to earn additional bonus $LEND
Stake $LEND to earn a share of platform revenue
Lock $LEND to maximise bonus revenue from penalty fees
The main purposes of the $LEND token is to create 'real yield' by rewarding users with actual revenue generated by the protocol, and to incentivise supplying assets on the LEND platform. $tLEND will allows 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.
Users can stake their tLEND tokens they receive when supplying LEND to the markets to earn a share of all revenue generated from the LEND protocol.
Another incentive for LEND is the ability to lock your tLEND for a fixed term of 90 days. Doing this will make you eligible to earn the same platform fees as staking AND any penalty fees in $BUSD taken from people unstaking their LEND early.
Once LEND holders supply their $LEND, they can start voting on various DAO proposals to shape the future of the platform & protocol. Future votes could include things like expansion to new chains, and many other exciting possibilities.
Use this section to find simple answers to common questions about the $LEND token.
Not sure how to use $LEND? Use this documentation for simple guides to walk you through the basics of the platform. (Under Construction)
relating to the LEND ecosystem
$tLEND is simply $LEND that has been supplied to the protocol. Users will receive equal amount of tTokens for the underlying token being supplied to the market which is divided by the current exchange rate. Learn more about .
Learn more about Staking and Locking $LEND on the
Read even more about voting in greater detail in the dedicated
