LendrG (LNDRg)

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LendrG Logo
What is LendrG Token (LNDRg)?  
LendrG token (LNDRg) is the secondary "reward token" issued by the lendrLGLD (LGLD) protocol. LGLD is the Lendr Network Global Gold Stablecoin. LendrG captures the fee rewards that are generated by the lendrLGLD system and incentivizes early adopters and Frontend Operators. 
LNDRg tokens are given as rewards to Stability Providers — i.e. users who deposit LGLD to the Stability Pool, and frontends who facilitate those deposits.  
What is LNDRg's max supply? 
LendrG (LNDRg) has a max supply of 100,000,000 tokens. No additional tokens can be minted after deployment.
Is LNDRg a governance token? 
No. LendrG Token (LNDRg) is not a governance token, as there is no Lendr Network governance. The protocol is controlled by immutable smart contracts.
How can I earn LNDRg? 
LendrG Tokens are earned in three ways: 
Depositing LGLD into the Stability Pool. 
Facilitating Stability Pool deposits through your frontend. 
Providing liquidity to the LGLD:ETH Uniswap pool or LGLD:BNB PancakeSwap pool. 
What is the Unipool?
The Unipool is a staking pool smart contract where you can stake Uniswap v2 LGLD/ETH LP tokens (on Binance Smart Chain you can stake PancakeSwap v2 LGLD/BNB LP tokens) and be rewarded with LNDRg tokens.
A 6-week Unipool smart contract is deployed at launch which will allow users to stake Uniswap LGLD/ETH LP tokens for LNDRg rewards during that time.
Users can withdraw their LGLD/ETH LP tokens at any time. 
What can I do with LNDRg? 
LendrG Token holders can stake their tokens in the LNDRg Staking Pool to earn the fees in LGLD and native blockchain tokens generated by loan issuance and LGLD redemptions. 
Learn more about staking here. 
What are LNDRg's allocations at the time of the LendrLGLD launch? 
Here is a document detailing our current planned token distribution, vesting, emissions, and potential revenue estimations: 
Token Economic Metrics​
At launch, only a small portion of the token's total supply will be available. 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
17.08% - Team/Advisors (Locked/Vesting) 
10.31% - Lendr Endowment Fund
10.30% - Investors & Partnerships (Locked/Vesting)
2% - Hackathon/Bounty 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 LNDRg's distribution schedule? 
LendrR 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 LNDRg's allocations and vesting will be included in an upcoming medium article.

LendrR (LNDRr)

Presale Information

Last modified 2mo ago