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Reference

Tokenomics

The idea

The Lendly token is designed to make the protocol better the more it is used, and to share that with the people who hold it:

  • Creator fees flow to liquidity. Fees from the token are directed to USDC liquidity for borrowers, so the funds available to lend grow over time.
  • Holders borrow on better terms. Holding the token is planned to unlock benefits such as better loan terms and lower rates.
  • Rewards. Holders are planned to be eligible for airdrops and future rewards.

Today

Loans currently run on Kamino Lend’s xStocks Market with Kamino’s parameters, which are the same for everyone. Any holder benefit will be announced, with its exact terms, before it applies.

See the tokenomics page for the full picture.