Tokenomics
Last updated
Last updated
Welcome to the $LEND tokenomics section 👋
Some of our core values are transparency & simplicity. Use this section to quickly find the raw stats of the $LEND tokenomics.
TOKEN SYMBOL
LEND
TOKEN TYPE
ERC20
TOTAL SUPPLY
1,000,000,000
INITIAL MARKETCAP
TBA
No tradable token at launch – avoiding premature speculation, aligning community with protocol success.
Points-based testnet-to-mainnet progression – rewarding users based on real usage/testing contributions.
Non-tradable token = revenue share – sustainable value capture tied directly to protocol growth.
50% protocol revenue shared pro-rata to token holders – encouraging long-term participation.
Testnet Campaign: Users earn Points for testing supply, borrow, repay, liquidation, oracle reporting, etc.
Weight each activity by impact (e.g., supplying > withdrawing).
Points convert to non-tradable tokens
Mainnet Activity: Points continue to accrue via actual lending activity.
Points → non-tradable tokens on a weekly/monthly basis.
Designed to keep incentivizing usage but with diminishing marginal returns over time.
Use a "boost" system to favor early or longer-term users (e.g., vePoint-style model).
Locking Bonus (veLEND model): Users can lock LEND tokens for 3, 6, or 12 months to earn boosted revenue share or multiplier on Points.
Referral Boost: Earn extra Points or token allocation for onboarding active lenders/borrowers.
Staking Derivative (future): Wrap non-tradable tokens into a tradable staking receipt (like aToken), if demand builds.
Earned, not bought: Like Radiant, Sonne, and Mars, users earn tokens through real protocol usage—not just speculation or farming.
Revenue-tied utility: Like Aave’s upcoming buyback model, LEND ties token value directly to protocol revenue.
Vesting discipline: Long cliffs and linear vesting across the board = aligned long-term contributors.
DAO-first design: With 10% treasury allocation and governance rights, community steers growth.
