Lendle is an innovative project aimed at revolutionizing the experiences of lending and borrowing on the Mantle Network. As a decentralized, non-custodial liquidity market, Lendle is dedicated to bringing new levels of innovation and decentralization to the lending and borrowing landscape.
About Lendle
Established in August 2023, Lendle's uniqueness lies in its features including the expansion of lending opportunities, provision for isolated and undercollateralized lending, and an enhanced token lock mechanism with a revenue share system. Lendle's commitment to being the leading lending market on Mantle is clear, with its recent V1 launch and the receipt of a Mantle Foundation Builders Grant to design and introduce new features for lending markets.
$LEND Token
The $LEND token, integral to Lendle's operations, can be traded on Decentralized Exchanges on Mantle. Holders of the $LEND token can stake their tokens on Lendle and thus earn protocol fees in blue-chip cryptocurrencies like ETH, BTC, USDC, USDT, and MNT. There is also a provision for holders to benefit from penalty fees incurred by early token unlockers when they lock their tokens.
Future Developments
As the development of the Lendle protocol continues, it is possible that new utilities may be added or existing ones altered. To stay informed about these changes and updates, follow the project's documentation and social media platforms closely.
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