Lendle LENDPrice $ 0.0134

Lendle is a decentralized, non-custodial liquidity market built on the Mantle Network, focusing on innovation in DeFi lending and borrowing. It aims to enhance the lending and borrowing experience by developing new DeFi features. Lendle integrates EigenDA technology and optimistic rollups from the Mantle Network for efficient transactions and cost-effectiveness. It is backed by Mantle Ecosystem (previously BitDAO), benefiting from the network's extensive blockchain expertise and vibrant community. Lendle's mission is to revolutionize DeFi lending, offering users more efficient and economic transaction options.

The Lendle token ($LEND) is a native token with a total supply of 100 million, used within the Lendle decentralized finance platform. It is mined through activities like liquidity provision on Lendle markets and can be staked to earn a share of the platform's revenue. The token incentivizes users to supply and borrow assets within Lendle's markets. $LEND has a vesting period of three months, and early unlocking incurs a 50% penalty, redistributed to those who lock their $LEND.