💰Staking / Locking $LEND

Welcome to the $LEND Staking & Locking section - $LEND to EARN 👋

You can use this section to get familiar with the concepts of staking & locking $LEND to earn real yield from the ecosystem. Use this section to learn about the key differences between the two options to earning from your $LEND.

Earning from $LEND will require you to supply your $LEND to the protocol and acquire $tLEND first.

New to tTokens? Find out everything you need to know about them here

💰Staking

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:

• 0-30 Days - 50% Reward Given -> 50% Forfeit

• 31-60 Days - 65% Reward Given -> 35% Forfeit

• 61-90 Days - 75% Reward Given -> 25% Forfeit

🔒 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:

• Locked tLEND is subject to a mandatory three (3) months lock, and cannot be unlocked early

• Lockers will receive the same base rewards from platform fees as Stakers

• Lockers will also earn the Penalty Fee Rewards taken from users who unstake their tLEND tokens before their 3 months Vesting period is complete