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πŸͺ™Lendr (LNDR) - V2

What is Lendr Token (LNDR)?

Lendr token (LNDR) is the reward and governance token issued by the Lendr Network V2 protocol. It captures the fee rewards that are generated by the V2 system and incentivizes early adopters and Frontend Operators.

LNDR tokens are given as rewards to Stability Providersβ€Šβ€”β€Ši.e. users who deposit V2 RWA tokens to the Stability Pools, and frontends who facilitate those deposits.

What is LNDR's max supply?

Lendr (LNDR) has a max supply of 100,000,000 tokens. No additional tokens can be minted after deployment.

How can I earn LNDR?

Lendr Token is earned in three ways:

  • Depositing V2 RWA tokens into the Stability Pool.

  • Facilitating Stability Pool deposits through your frontend.

  • Providing liquidity to the USDL: ETH Uniswap pool or USDL:BNB PancakeSwap pool.

What can I do with LNDR?

Lendr Token holders can stake their tokens in the LNDR Staking Pool to earn the fees in USDL and native blockchain tokens generated by loan issuance and USDL redemptions.

Learn more about staking here.

What are LNDR's allocations at the time of the LendrUSD launch?

Will be announced closer to TGE, but tentatively will follow a 60/20/20 split with 60% going to the community, 20% going to investors, accelerators and partnerships, and 20% going to the Lendr Network company.

What is LNDR's distribution schedule?

Lendr Token's community issuance follows a yearly halving schedule, described by the following function: 32,000,000 * (1–0.5^year). The purpose of this issuance curve is to favorably incentivize early adopters while also maintaining incentives for the long term.

More information on LNDR's allocations and vesting will be included in an upcoming medium article.

What is the Unipool?

The Unipool is a staking pool smart contract where you can stake Uniswap v2 USDL/ETH LP tokens (on Binance Smart Chain you can stake PancakeSwap v2 USDL/BNB LP tokens) and be rewarded with LNDR tokens.

A 6-week Unipool smart contract is deployed at launch which will allow users to stake Uniswap USDL/ETH LP tokens for LNDR rewards during that time.

Users can withdraw their USDL/ETH LP tokens at any time.

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