An introduction to Lendr Finance
Lendr Finance is a communitity driven DeFi protocol. Being a part of the next financial revolution should be easy, even for people who dont understand the mechanism and technology. Lendr Finance is designed to simplify the advantages of DeFi, making it easy and understandable for every man, woman and child.
At Lendr Finance we aim to build a service for the average user by providing robust DeFi services through a simple UI. Our goal is to polish the recent innovation in order to fulfill our goal of reaching mass adoption. The vast majority of people coming into crypto seems to have a hard time wrapping their mind around DeFi, the mechanism and how it works and this is excactly what Lendr will change. We will be communicating and providing information in a simple language while designing the UI as simple as possible, so that you wont have to be a programmer or tech enthusiat to understand everything.
For you to take advantage of the various DeFi services, we are currently working on implementing our upcoming key features within the Lendr Finance ecosystem. Over the coming months we will be introducing services as lending, borrowing, one-click staking, LENDR staking, governance rewards and more. If this seems complicated to you, dont worry, an explanation will follow down below.
By using the Lendr protocol you can provide liquidity to a decentralized marketplace. This will give consumers the ability to borrow from a decentralized market with interest. As a Lendr you will earn interest on your funds provided to the protocol.
If you find yourself in need of a loan you can simply deposit stablecoins, ETH or BTC to our platform and use them as collateral. The maximum amount you can borrow depends on the value you have deposited, the available liquidity and your health factor. When repaying you simply repay the same asset you borrowed. If you borrowed 1 ETH, you will pay back 1 ETH + interest accrued. When borrowing you can choose between stable and variable rate. Stable rates act as a fixed rate in the short-term, but can be re-balanced in the long-term in response to changes in market conditions. The variable rate is the rate based on the offer and demand in Lendr. There is no maximum time period for you to pay back the loan. As long as your posistion is safe, you can borrow for an undefined period. However, as time passes, the accrued interest will grow making your health factor decrease, which might result in your deposited assets becoming more likely to be liquidated.
If you are new to crypto you might not have heard about staking or nodes. Most cryptocurrencies is based upon a blockchain data structure. These blockchains needs so called validators to keep network safe and to validate transactions. By staking your coins, or setting up a node, you will have your tokens locked up for a certain period of time, but if you are a long term believer in the project this is a great way to benefit from the price increase while also earning interest. The problem is that to stake your coins or to set up a node is quite difficult if you are not into tech. Its a challenging process which also is why most people dont do it. With our One-Click Staking we will make it easy for users to participate on the respected blockchain networks built on Ethereum. Our goal is to make it easy for the average user to be able to stake their ETH or run a masternode on i.e chainlink through a simple UI.
Every $LENDR holder has the opportunity to maxime his returns by locking up the tokens using LENDR stake. By staking your $LENDR tokens you will recieve a monthly interst in $LENDR tokens. Lock-up period is decided by yourself but the longer the lock-up period is, the higher the APY becomes. This mean you will earn money by holdning the token as it increases in price but also earn more tokens by doing so.
A strong community is key for every crypto project. We want our holders to have as much influence on the project as our self. By holding $LENDR token you will be able to anticipate in votings and claim rewards based on your anticipation.
What is $LENDR?
$LENDR is the native governance token behind the Lendr Finance ecosystem. Users can purchase the token during the public sale or in later stages via exchanges.
$LENDR utilities include liquidity mining, staking, incentivizing platform participation, fund management fee reward distribution, and community governance.
Token Distribution & Sale
$LENDR token emission details
The total supply of Lendr Finance is capped at 10,000,000 $LENDR.
5.000.000 $LENDR tokens is allocated to the token sale.
1.000.000 $LENDR tokens is allocated to marketing and bounties.
1.000.000 $LENDR tokens is allocated to future strategic funding needs and product development.
1.000.000 $LENDR tokens is allocated to team. Vesting period is set to 12 months.
2.000.000 $LENDR tokens is allocated for the community in the form of a reward pool and ecosystem. Vesting period is set to 36months.
Effective Initial Circulation supply at listing is 1.975.000 $LENDR, i.e., 15%.
$LENDR token sale
Lendr Finance will have a seed sale, a private sale and a public sale.
Soft cap → 175 ETH
Hard cap → 525 ETH
Number of tokens: 1.000.000
ETH to LENDR ratio: 1 ETH = 19.000 LENDR
Minimum contribution: 1 ETH
Maximum contribution: 10 ETH
Distribution: 10% on TGE and then 10% distributed monthly
Number of tokens: 2.500.000
ETH to LENDR ratio: 1 ETH = 9.500 LENDR
Minimum contribution: 0.5 ETH
Maximum contribution: 5 ETH
Distribution: 10% on TGE and then 10% distributed monthly
Number of tokens: 1.500.000
ETH to LENDR ratio: 1 ETH = 4.750 LENDR
Minimum contribution: 0.1 ETH
Maximum contribution: 1 ETH
Distribution: 100% on TGE.
Any remaining coins from the sale will be burnt completely from the curculation.
More information about whitelist application for seed sale is soon to come.