Ecosystem Overview
What are the main components of the Lendr.fi Ecosystem?
Lendr.fi Dapp - A decentralized application used to mint and redeem Lendr RWA tokens
Lendr Real World Asset (RWA) Tokens - Synthetic tokens representing any asset class
Over-collateralized allowing any holder to redeem for 1:1 backing at any time
Additionally secured by a Stability Pool and fellow borrowers acting as guarantors of last resort
Liquid Staked RWA Tokens - World's first liquid staked RWA tokens
Allow users to participate in the Lendr protocol and use their RWAs in any other DeFi protocol at the same time
Lendr Reward Tokens - The Lendr governance/utility token
Given to users who stake their RWA tokens in the Lendr protocol
Can be staked in the protocol to earn issuance and redemption fees from users (utility)
Can be used to vote in the DAO (governance)
RWA Stability Pools - Staking pools for Lendr RWA tokens
Allow users to stake their real world asset tokens and earn rewards in the form of Lendr reward tokens (LNDR) and revenue from liquidations (collateral tokens)
Users are given a Liquid Staked token representing their stake, allowing them to participate in other protocols at the same time
Reward Token Staking Pool - Staking pool for Lendr (LNDR) tokens
Stake reward tokens to earn issuance fees and redemption fees
Allows LNDR users to participate in DAO governance
Lendr RWA LP Token Staking - Staking pool for DEX LP tokens (i.e. RWA-wETH)
Earns Lendr reward tokens (LNDR)
Rewards users for providing ongoing liquidity on DEXs
Is there an ecosystem diagram that shows how it all works together?
Yes, but its a bit complicated! Here you go:
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