What is LEND?
LEND is a multi-chain lending protocol with real yield value extraction, from protocol, to holder.
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.
The LEND platform establishes pools of algorithmically derived interest rate model, based on current supply and demand of each respective asset.
Users can use LEND to lend any supported assets on our markets for others to borrow and earn interest, and also use the provided capital as collateral to borrow another supported asset. LEND opens up the possibility of lending and borrowing crypto assets without the need to negotiate terms of maturity, interest rate or collateral with any peer or counter-party.