Lends
  • 📚User Documentation
  • 🚨Read Me First
  • Products
    • ⏳L-1 Streaming Swaps
      • ⏩Can I speed up my swap execution?
      • 🌟Why are Streaming Swaps better than regular swaps?
    • ♻️THORFi Lending
      • 🔄What collateral can I use to take out a loan?
      • 🚦Is there unlimited lending capacity?
      • 📑How are stablecoin loans accounted?
    • 🤑THORFi Savers
      • 🔰Where does the yield come from?
      • 🔴Is there any risk of losing my coins?
    • 💧Liquidity
      • 👨‍🏫How are fees calculated for liquidity transactions?
      • ➡️Impermanent Loss Protection (ILP)?
      • 🤷‍♂️Difference between symmetric and asymmetric deposits?
    • 🤝P2P Lending
      • 💧Liquidity Provider
      • ⚖️Leverage Taker
      • 💹Key Features
      • 🔮Oracle
      • 🛡️Managing Liquidations
      • ❓FAQs
  • tokenomics
    • 🪙Token Distribution
    • 💸Revenue Model
    • 🚀Value Accrual
    • 🗺️Product Roadmap
  • EXTRAS
    • 🎉Ambassador Program
    • 🔥Community
    • 🎨Brand Assets
    • 🖐️Terms of Service
Powered by GitBook
On this page
  • LENDS allocation
  • LENDS Vesting
  1. tokenomics

Token Distribution

PreviousFAQsNextRevenue Model

Last updated 1 year ago

About LENDS

LENDS serves as the intrinsic and interchangeable token for the LendsFi protocol.

It functions as a transferable representation of the utility features outlined within the LendsFi protocol and code, with its exclusive purpose being to operate as an interoperable utility token.

LENDS allocation

Further information on the LENDS token

It is crucial to acknowledge that LENDS does not signify any ownership, involvement, entitlement, claim, or stake in the protocol, the Distributor, their associated partners, or any other corporation, venture, or project.

LENDS does not grant token holders any assurances regarding fees, dividends, revenue, profits, or investment returns. Furthermore, it is not intended to be considered a security in any applicable jurisdiction.

The usage of LENDS is confined solely to the LendsFi platform, and possessing it confers no explicit or implicit privileges except for the ability to utilize LENDS as a medium to facilitate usage and interaction within the LendsFi protocol. Additionally, the secondary market pricing of LENDS is not influenced by the actions of the LendsFi team, and no token features or schemes exist that aim to regulate or manipulate such pricing in any way.

Essentially, LENDS is intended to stimulate engagement within the ecosystem, implying that users must actively participate in order to receive rewards in the form of LENDS and other digital assets.

LENDS Vesting

🪙