About Lend Flare Airdrop
Lend Flare Airdrop is a decentralized borrowing platform on Ethereum blockchain that allows Curve LP holders (the borrowers) to draw fixed-rate, fixed term and high LTV loans against Curve LP tokens used as collaterals, with no concerns for assets being liquidated due to price fluctuation.
Lend Flare is airdropping 1% of the total supply to veCRV and vlCVX holders. Users who had veCRV and vlCVX by the snapshot date are eligible to claim free airdrop.
| Platform | Total Supply | Max. Participants | Website |
|---|---|---|---|
| ETH | 1% of the total supply | Unlimited | Click Here To Visit |
Lend Flare is a revolutionary lending platform on the Ethereum blockchain
Lend Flare allows Curve investors to borrow against their LPs for a certain amount of time with a fixed borrow rate and no concerns for assets being liquidated due to price fluctuation.
Why Lend Flare?
For borrowers, Lend Flare deposits their Curve LPs back into Curve via the Convex and takes them as collateral, allowing Curve investors to continue earning their maximum profits from their LPs. Also, Lend Flare only allows borrowers to borrow the same pegged tokens i.e If you hold stethcrv, you can only borrow ETH. As a result, borrowers will have a higher collateral ratio which means they can borrow more compared to other platforms without being worried about being liquidated due to price fluctuation but only time.
For lenders, their supplied assets will be deposited into Compound first to earn basic interest even when they are not being lent out yet. When borrowers borrow assets, they will have a borrow rate no lower than Compound’s. Lend Flare then withdraw the corresponding fund from Compound and transfer to borrower. Due to high collateral ratio, lenders will gain a much higher supplied interest rate than Compound. Moreover, Lend Flare’s contract is composable so that in the future, the unused loan liquidity can be deposited into other platforms that provides the highest interest.
1. Lend Flare allows assets being used more efficiently
2. Assets are safer
3. No Investment commission
Why Lend Flare
What is Lend Flare positioning and its contribution to the crypto ecosystem?
Curve and Convex are major DeFi protocols. Their added values to the crypto world are important. Besides, a large amount of funds are deposited on these two protocols and they federate large communities. Lend Flare goal is to be the additional brick of this ecosystem, by increasing financial efficiency when using these two protocols.
What’s the added value of Lend Flare for Curve and Convex ecosystem ?
Lendflare main added value is the possibility for Curve LP holders (the borrowers) to draw fixed-rate, fixed term and high LTV loans against Curve LP tokens used as collaterals, with no concerns for assets being liquidated due to price fluctuation. All in all, Curve LP tokens can be used with more flexibility and freedom.
Why buy LFT tokens?
Lend Flare token, LFT, has fair tokenomics. The token was launched during a completely public and transparent process. There is no VC and the team only has 3% of the tokens with a vesting of 2 years. Regarding protocol revenue, Lendflare takes a long-term, low-risk approach, which should result in consistent revenue. More information concerning the tokenomics here.
Safety
TimeClock is a proof of concept smart contract that enables one to setup a Contractor and Contractee relationship for the delivery of services. For Lend Flare, all the contract are controlled by the timelock contract which is then controlled by multisig contract. In other words, all the parameter change will be a time-delay action and pre-shown to the public. The time delay will be 2 days. For more details please check “Lend Flare DAO” page (link below)
