Lends (LENDS)
1. Fundamental Analysis
1.1 Introduce
Lends is the flagship lending app on Thorchain with over $140M+ TVL and 300,000 unique users.Thorchain s native ecosystem users utilizes our lending products like our 0% interest, no liquidation loans made possible through a novel overcollateralized model based on burning instead of interest accrual.The protocol also offers generous yield opportunities up to 16.21% APY for liquidity providers and 6.46% APY for Thorchain bonders.Situated in the Thorchain ecosystem, Lends is the primary interface for users that have to interact with Thorchain allowing it to capture maximum value from traditional DeFi participants.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LENDS | Market Cap | 210490 |
| Name | Lends | White Paper | -- |
| Web Site | https://www.lends.so/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 625000000 | |
| Supply | 625000000 | Release Date | 2024-02-08 |
| Available Supply | 120280000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line chart analysis suggests a trend of increasing volatility and a potential bearish reversal. The price has been moving higher, but there are signs of weakening momentum. A possible consolidation phase could follow.
