Lendr (LNDR) has a max supply of 100,000,000 tokens. No additional tokens can be minted after deployment.
No. Lendr Token (LNDR) is not a governance token, as there is no Lender Network governance. The protocol is controlled by immutable smart contracts. Governance of a community bounty pool may be added after launch.
Lendr Token is earned in three ways:
Here is a document detailing our token economy analysis including token utility, total addressable market, value creation, and business model:
Here is a document detailing our planned token distribution, vesting, emissions, and potential revenue estimations:
At launch, only a small portion of the token's total supply will be available (~39%). The remaining tokens will be locked and will vest over time to various groups. The overall distribution is as follows:
- 24.48% - IEO/IDO
- 27.38% - Team, Advisors & Pre-Launch Partners (Locked & Vesting)
- 10.31% - Lendr Endowment Fund (Locked & Vesting)
- 1.33% - LP Pool Staking Rewards (Locked/Distributed over 6 weeks)
- 0.5% - Social Impact Fund (To assist charitable causes)
Investor, team, and advisor tokens will all be locked at launch and will vest over time to their respective owners. Length: 1 year, 20% unlocked at TGE.
At deployment tokens are sent to the following addresses:
- Lendr Staking Pool addresses (Stability Pool and Unipool, addresses will be added once deployed)
- Lendr Network Hackathon/Bug Bounty multisig address
- Lendr Network company multisig address
The tokens in the company multisig will be manually distributed to the other necessary addresses (presale, vesting wallets, etc.).
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.
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.