Lends (LENDS) Investment Research Report: Interest-free decentralized lending on THORChain

Lends (LENDS) Investment Research Report: Interest-free decentralized lending on THORChain
2 min read


Lends (LENDS) has been launched on HotsCoin on February 18. Lends (LENDS) is a decentralized lending protocol based on THORChain. It has attracted attention in the DeFi field with its features such as interest-free, liquidation-free, and oracle-free. This report will introduce Lends’ basic information, token information, profit model, and future plans to help investors better understand and evaluate the project. LENDS is currently open for trading on HotsCoin.

1. Basic information:
Lends is the flagship lending application on Thorchain, with over $140 million in total value locked (TVL) and 300,000 unique users. Its uniqueness lies in the adoption of a novel over-collateralization model, which enables 0% interest and no liquidation borrowing.

2. Token information:
Total number of tokens: 625,000,000
Token allocation ratio and unlocking rules: Seed rounds, strategic rounds, public offering rounds, teams and consultants, treasure houses, community ecology, liquidity & market making all have clear token allocation and unlocking rules.

3. Profit model:
Lends adopts a sustainable economic model by charging 10% on the interest received by lenders and distributing the revenue to liquidity providers and stakers. This model encourages users to actively contribute to the platform and ensures the healthy development of the platform.

4. Future plans:
Q1 '24 (January-March):
Launch a marketing campaign to increase awareness of Lends Protocol.
Token Generation Event (TGE), providing investment opportunities to the community.
Refresh the interface and improve user experience.
Integrated with THORChain liquidity to provide users with liquidity options.
THORNames feature to simplify wallet addresses across multiple blockchains.

Q2 '24 (April-June):
Provides a quick overview of all available products.
Dashboard feature that enables users to view all positions in one place.
Integrates with Arbitrum Mainnet to provide faster and cheaper transactions.
Conduct smart contract audits and security reviews to ensure user safety.

After Q2 '24:
Introduce P2P lending and expand service scope.
Establish strategic partnerships and broaden connections with major lending institutions.
Tools of the future: Continuous innovation to provide more features and tools.

in conclusion:
As a decentralized lending protocol based on THORChain, Lends has attracted a large number of users through its unique economic model and interest-free and liquidation-free features. Its clear rules for token allocation and unlocking, as well as clear future plans, provide investors with transparency and predictability. However, investors still need to carefully assess the risks before participating, especially given the dynamic changes in the DeFi field.

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