LEND (LEND)

What is LEND (LEND)?

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.

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.

LEND (LEND) Unique Features

LEND helps you to unlock more out of your crypto assets in DeFi in 3 ways: LENDING, Borrowing & Earning Protocol Revenue.

• LENDING

Supply your supported assets to the protocol to earn competitively high interest rates.

• Borrowing

Use your supported crypto assets as collateral to get a crypto loan.

Earning – $LEND

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

Roadmap

The LEND team is currently working on:

Protocol Official BNB Chain Launch

Our plans for the near future:

• Ethereum Launch
• Polygon Launch
• EVM compatible interoperability within LEND platform
• Sui Ecosystem Integration
• Aptos Ecosystem Integration
• Support for Additional Tokens
• Global Launch Campaign & Incentives
• LEND Community DAO

LEND (LEND) Token Economy

$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:

• Stake $LEND to earn a share of platform revenue
• Use $LEND as collateral when borrowing crypto
• Lock $LEND to maximise bonus revenue from penalty fees
• Vote on proposals relating to the LEND ecosystem

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.

Detailed Token Metrics

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Token Distribution

Seed Round: 12%

Private Round: 7.5%

Public IDO: 0.5%

Lenders & Borrowers: 40%

LEND LP Rewards: 15%

Airdrops: 10%

Collaborator Incentives: 7.5%

TEN Finance Dev Team: 7.5%

Token Release Schedule

12% – 120,000,000 LEND Allocated for Seed Round: 5% at TGE, 4 month cliff with linear vesting from months 5 -> 15 at 8.64% per month

7.5% – 75,000,000 LEND Allocated for Private Round: 10% at TGE, 3 month. cliff with linear vesting from months 4 -> 12 at 10.00% per month

0.5% – 5,000,000 LEND Allocated for Public IDO: 15% at TGE, 1 month cliff with linear vesting for 5 months at 17% per month

40% – 400,000,000 LEND Allocated for Lenders & Borrowers:15% – 150,000,000 LEND Allocated for LEND LP Rewards

10% – 100,000,000 LEND Allocated for Airdrops: 3 month cliff, 25% released every 90 days, must hold TENFI tokens to maintain airdrop, otherwise defaulted into rewards pool

7.5% – 75,000,000 LEND Allocated for Collaborator Incentives: 3 month cliff, 25% released every 90 days

7.5% – 75,000,000 LEND Allocated for TEN Finance Dev Team: 24 month cliff, then linear vesting over 5 years

Partners

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Team Members

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Investors

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