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LendrR (LNDRr) has a max supply of 100,000,000 tokens. No additional tokens can be minted after deployment.
No. LendrR Token (LNDRr) is not a governance token, as there is no Lendr Network governance. The protocol is controlled by immutable smart contracts.
LendrR Tokens are earned in three ways:
The Unipool is a staking pool smart contract where you can stake Uniswap v2 USRE/ETH LP tokens (on Binance Smart Chain you can stake PancakeSwap v2 USRE/BNB LP tokens) and be rewarded with LNDRr tokens.
A 6-week Unipool smart contract is deployed at launch which will allow users to stake Uniswap USRE/ETH LP tokens for LNDRr rewards during that time.
Users can withdraw their USRE/ETH LP tokens at any time.
At launch, only a small portion of the token's total supply will be available (~40%). The remaining tokens will be locked and will vest over time to various groups. The overall distribution is as follows:
- 17.08% - Team/Advisors (Locked/Vesting)
- 10.31% - Lendr Endowment Fund
- 10.30% - Investors & Partnerships (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 over 6 months. Pinklock vesting for LendrR ETH can be found here: https://www.pinksale.finance/pinklock/detail/0x886f29b6E0a0461cb5aC6BAF55aE0033CffC48eb?chain=ETH