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Lendr (LNDR)

What is Lendr Token (LNDR)?  
Lendr token (LNDR) is the secondary "reward token" issued by the lendrUSD protocol. It captures the fee rewards that are generated by the lendrUSD system and incentivizes early adopters and Frontend Operators.  
LNDR tokens are given as rewards to Stability Providers — i.e. users who deposit USDL to the Stability Pool, 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.
Is LNDR a governance token? 
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. 
How can I earn LNDR? 
Lendr Token is earned in three ways: 
Depositing USDL 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? 
Here is a document detailing our token economy analysis including token utility, total addressable market, value creation, and business model:

​Token Economy and Market Analysis 
Here is a document detailing our planned token distribution, vesting, emissions, and potential revenue estimations: 
​Token Economic Metrics and Distribution​
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:
32% - Stability Pool Staking Rewards (Locked/Distributed over 5 years)
24.48% - IEO/IDO
27.38% - Team, Advisors & Pre-Launch Partners (Locked & Vesting) 
10.31% - Lendr Endowment Fund (Locked & Vesting) 
2% - Hackathon/Bounty/Community Fund​
2% - Lendr Global Reward Pool​
1.33% - LP Pool Staking Rewards (Locked/Distributed over 6 weeks)
0.5% - Social Impact Fund (To assist charitable causes)
The community staking rewards will be distributed over 5 years to Stability Pool stakers. The distribution schedule is explained here.
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.).
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. 

Lendr Reward Tokens

LendrR (LNDRr)

Last modified 2d ago