Lend Finance (LEND)

Lend is a natural extension of the TEN Finance Ecosystem and a decentralized lending protocol for individuals and protocols to access financial services.

Whitepaper

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Interest lvl

Low

Updated: Nov 24, 2022

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User Rating

Highest

5/5 • 2 votes

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Ticker

LEND

Type

Utility-token

Token standard

BEP-20

Registration year2022

What is Lend Finance

Lend is the first lending protocol on BNB Chain, Ethereum and Polygon to share revenue fees generated by the platform directly back to token holders.

The Lend protocol 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.