LEND Protocol
LEND is setting up and ecosystem built specifically for Lending, Borrowing and Earning Protocol Revenue. The basic process is very simple, it requires investors to supply the assets they hold in their possession to the protocol to reap competitively high interest rates. This preposition can bring investors profit in the form of free tokens in short term or long term based on a decentralized Finance Protocol. The interest rates are very competitive and provide tremendous returns for the investors that engage.
An Evaluation of LEND
LEND is a subsidiary of the TEN FINANCE Ecosystem. It is a decentralized lending protocol for personnel and protocols to ingress financial services. To grasp the concept of LEND is not complicated. LEND operates like the traditional bank which we all make use of. It simply requires investors to supply their possessed assets and earn interest from the protocol. This is in tandem with how traditional institutions lend out funds to aspiring investors and get their money back with a fixed interest percentage. But Lend has an edge since it is decentralized in nature and does not require the control of any central authority. Decentralization means that the funds generated would be proportionately divided among every investor holding $LEND. LEND is basically amplified lending and borrowing, One that produces a real yield extraction, from the protocol to the holders. The LEND protocol is completely permissionless, transparent and non-custodial.
How LEND Operates
In the LEND ecosystem, every asset the Protocol supports has a tokenized version of the particular asset. So when an investor supplies an asset, they will receive a Tokenized version of it. Using USDT as a case study, if an investor provides USDT for Lending, he will receive $tUSDT. The investor is able to automatically earn interest as the Token he possesses is used to create borrow balances by other participants on the protocol. It is also imperative to note that when supplying tTokens, the basic amount of tTokens supplied will increase in value over time in the likes of a savings account. The proprietary tokens are required when apportioning collateral to establish a borrow balance.
Benefits and Features of LEND
First Benefit: The Prowess of LEND Every investor or participant in possession of the LEND Digital asset can use LEND to lend any featured asset on the LEND official market to other investors who want to borrow and then be rewarded with an interest in the process. Again, LEND owners can present their LEND digital assets as collateral to borrow other assets featured on the LEND market. With this cycle it is safe to say that LEND opens up the opportunity of lending and borrowing crypto assets while completely obliterating the need to deliberate on terms of maturity, interest rate or collateral with any fellow investor or third party personnel.
Second Benefit: Diversity of the LEND Market The LEND money Market is filled with a board range of tokens and many more promising tokens will be constantly added as time progresses. The core team has also stated that they will always deliver a market for the most liquid assets present.
Third Benefit: Affordable Fees The Binance Smart Chain network, Ethereum and Ploygon Blockchains would be the primary Blockchains LEND would be launching on. In the near future, more exchanges will be added. The core team is also working hard to list LEND on the Aptos ecosystem and LEND's platform fees would be much cheaper than that of other decentralized Lending platforms.
LEND Protocol's Competitive Advantage
Prior to the Birth of LEND, so many other Lending protocols have existed in the Defi Ecosystem. So many of these protocols have been established over time and have accumulated billions of dollars in their approximate value. As of January 2022, the Total Value Locked (TVL) of all the Lending protocols was valued at $170 Billion. This is impressive considering the infancy of the Decentralized Finance Space and the technical knowhow required for an average participant to get involved. Below is a pictorial representation of the Lending protocols and the competitive advantage LEND has over them.
LEND App
Lend would have its own unique app which would be downloadable on Apple and Google Playstore. In LEND, you are in full control of your crypto assets. Since the core team does not hold the assets of any of its participants. This fosters comfort and confidence in the hearts of investors. Not like other establishments that present a central authority who later absconds with investors' funds.
LEND Tokenomics
Token Symbol: LEND
Token Type: BEP20/ERC20
Total Supply: 1,000,000,000
Initial Supply: 14,250,000
Initial Market Capitalization: TBA
Conclusion
The LEND Protocol is a beautiful preposition, one that strives to provide a steady stream of income for asset owners who do not want to reduce the quantity of their overall assets. LEND also delivers a competitive advantage over its contemporaries as displayed in the competitive image above. The core team's effort would yield gigantic results in no distant time. I like the fact that the core team would be adding more digital assets for the purpose of lending or borrowing in their marketplace. LEND is a decentralized platform which means every investor has complete ownership of their assets. This further proves the transparency of the core team claims. I recommend this project to any investor who wants to generate a steady stream of income while retaining possession of their digital assets.
For more information, please visit the link below:
Website: https://www.lend.finance/
White paper: http://lend.gitbook.io/
Telegram: http://t.me/lendfinance
Twitter: http://twitter.com/lend_finance
Github: https://github.com/tenfinance
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2594008
BSC Wallet: 0x455f19Ad0FcE0C3667543659D98F8149bFc0c71D