Users supply $LEND tokens to receive $tLEND which can be staked or locked to earn protocol revenue.
Q4) How is LEND protocol revenue distributed?
25% to tLend stakers / lockers, 50% to Ten Finance, 25% to Ten Lots holders
Q5) What is the difference between Staking & Locking $tLEND?
Stakers have flexibility to retrieve assets but receive less rewards than Lockers with a fixed 90-day term.
Q6) When can tLend stakers unstake their tLend tokens?
Anytime, however this will forfeit some remaining rewards if unstaked before the end of the 90 day vesting term.
Q7) When can tLend lockers unlock their tLend tokens ?
Only after 90 days of vesting schedule
Q8) If a tLEND staker unstakes tokens before the 90-day term is over, where do the penalty fees go?
100% of all penalty fees go to tLend lockers.
Q9) What tokens do $tLEND stakers & lockers receive as protocol revenue?
In stables (usd pegged like USDT / USDC) - REAL YIELD!
#LearnToLEND 08
Q1) What is a Protocol Governance?
It’s a voting system where LEND holders have a say in important future decisions.
Q2) Who has the right to vote on governance decisions?
$LEND Holders & $tLEND Stakers/Lockers
Q3) Who can submit proposals to be voted on?
All $LEND Holders & $tLEND Stakers/Lockers
Q4) What is a 'Core' proposal?
A proposal submitted directly by the official LEND team.
Q5) What is a 'Community' proposal?
A proposal submitted by a member of the LEND community.
Q4) How is LEND protocol revenue distributed?
25% to tLend stakers / lockers, 50% to Ten Finance, 25% to Ten Lots holders
Q5) What is the difference between Staking & Locking $tLEND?
Stakers have flexibility to retrieve assets but receive less rewards than Lockers with a fixed 90-day term.
Q6) When can tLend stakers unstake their tLend tokens?
Anytime, however this will forfeit some remaining rewards if unstaked before the end of the 90 day vesting term.
Q7) When can tLend lockers unlock their tLend tokens ?
Only after 90 days of vesting schedule
Q8) If a tLEND staker unstakes tokens before the 90-day term is over, where do the penalty fees go?
100% of all penalty fees go to tLend lockers.
Q9) What tokens do $tLEND stakers & lockers receive as protocol revenue?
In stables (usd pegged like USDT / USDC) - REAL YIELD!
#LearnToLEND 08
Q1) What is a Protocol Governance?
It’s a voting system where LEND holders have a say in important future decisions.
Q2) Who has the right to vote on governance decisions?
$LEND Holders & $tLEND Stakers/Lockers
Q3) Who can submit proposals to be voted on?
All $LEND Holders & $tLEND Stakers/Lockers
Q4) What is a 'Core' proposal?
A proposal submitted directly by the official LEND team.
Q5) What is a 'Community' proposal?
A proposal submitted by a member of the LEND community.
💎 Collect all badges (8/8 + All Bonus Expansions) in the #LearnToLEND collection to earn the #LearnToLEND Completor NFT & Take part in exclusive NFT holder giveaways, airdrops & more!
🔴Claim here=
https://galxe.com/LEND/campaign/GCrRaU4rpw
1⃣A first of its kind cross-chain DeFi lending protocol.
2⃣Lenders can easily access the best earning opportunities by supplying assets to a growing collection of available chains in 1 click.
3⃣Borrowers can supply on any base chain and instantly access liquidity on any other available chain. Example: Supply USDC on BNBChain, borrow USDC on any other chain!
4⃣No - All Lending and Borrowing activities can be accessed in a single click.
5⃣LEND could unify the currently fragmented $50 billion DeFi market by making it possible to borrow and lend assets between various chains seamlessly at the click of a single button.
6⃣All of the above! Cross-chain LEND is a gamechanger!
7⃣All of the above! Cross-chain LEND is a gamechanger!
8⃣((((Easier access to additional chains means more ways to earn $LEND for free!
Improved access for borrowing capacity encourages more revenue to be generated and shared with $LEND stakers and lockers!!
More chains = more LEND users and more people participating in governance.))))))))))))
9⃣No, borrowed amount can only repaid on the same chain.
🔟Yes, with the subsequent repayment equivalent amount will be released by the protocol to be used by the user.
1⃣1⃣No, I did not know I could get whitelisted for LEND by completing all tasks here: https://gleam.io/TjIV9/final-opportunity-to-get-whitelisted-for-the-lend-token-launch-
🔴Claim here=
https://galxe.com/LEND/campaign/GCrRaU4rpw
1⃣A first of its kind cross-chain DeFi lending protocol.
2⃣Lenders can easily access the best earning opportunities by supplying assets to a growing collection of available chains in 1 click.
3⃣Borrowers can supply on any base chain and instantly access liquidity on any other available chain. Example: Supply USDC on BNBChain, borrow USDC on any other chain!
4⃣No - All Lending and Borrowing activities can be accessed in a single click.
5⃣LEND could unify the currently fragmented $50 billion DeFi market by making it possible to borrow and lend assets between various chains seamlessly at the click of a single button.
6⃣All of the above! Cross-chain LEND is a gamechanger!
7⃣All of the above! Cross-chain LEND is a gamechanger!
8⃣((((Easier access to additional chains means more ways to earn $LEND for free!
Improved access for borrowing capacity encourages more revenue to be generated and shared with $LEND stakers and lockers!!
More chains = more LEND users and more people participating in governance.))))))))))))
9⃣No, borrowed amount can only repaid on the same chain.
🔟Yes, with the subsequent repayment equivalent amount will be released by the protocol to be used by the user.
1⃣1⃣No, I did not know I could get whitelisted for LEND by completing all tasks here: https://gleam.io/TjIV9/final-opportunity-to-get-whitelisted-for-the-lend-token-launch-
galxe.com
10 - LEND Cross-Chain Update by LEND | Galxe
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