Lends Protocol is Thorchain’s flagship decentralized application, revolutionizing the way users leverage their crypto assets for loans. By allowing users to borrow against their L1-assets without selling, Lends facilitates cross-chain lending with competitive rates, characterized by its unique zero-interest and no-liquidation approach.
LENDS is the native utility token that is used for: * Voting on whitelisted assets, currencies, and oracles * Staking for protocol governance * Earning fee rebates
LENDS tools include: * L-1 Streaming Swaps: Facilitates real-time asset exchanges across different blockchains, enhancing the efficiency of cross-chain transactions. * THORFi Lending: Provides a decentralized platform for crypto-backed loans, allowing users to leverage their assets without selling. * THORFi Savers: Offers a savings product within the DeFi ecosystem, enabling users to earn interest on their crypto holdings. * Lending Orderbooks: Integrates a transparent and decentralized order book for lending, ensuring fair and accessible loan opportunities for all users.
