LDFI Tokenomics

What is the LDFI Token?

LDFI is the native token for the Lendefi Protocol (“Protocol”). LDFI is a governance token that controls the interest rate model, inclusion of supported assets, reward distribution, changes in the Protocol and other terms and conditions.

Decentralized Governance

Lendefi governance, via a Decentralized Autonomous Organization (“DAO”), allows active participation of the token holders in the governance of the Protocol.

Transaction Fee's

1% Tax Fee — Given back to all token holders 1% Buy Back Fee — Used to Buy Back and Burn tokens 1% Wallet Fee — Protocol & marketing funds

Tx Fee % to Holders (1%) The transaction fee % distributed to holders. This fee will be collected from all transactions as a percentage of the transaction token amount and reflected to current holders immediately. The fee is paid in the LDFI.

Tx Fee % to Buyback Tokens (1%) Hyper-deflationary mechanism.

The fee will be collected from all transactions as a percentage of the transaction token amount. Once the token contract holding exceeds 0.1% of the total supply, automated swap will be executed on a sell transaction and BNB will be added to the token contract. Once the BNB balance of the token contract exceeds 1 BNB, on a sell transaction 1% of the available BNB balance will be used to buy back and burn LDFI tokens.

Tx Fee % to Wallet (1%) The transaction fee % sent to the Lendefi Protocol’s multi-sig wallet. These funds will be used to fund Protocol and Marketing expenses.

Excluded Addresses from Tx Fee The following addresses have been excluded from the Tx Fee’s

Lendefi wallet's 0x30DD781D2143fE32C36E894a049898f268b82092 0x0009f605338D882A4720b92BBd831B2E64349B7A 0x417c247503f1Ab27cd93715C61fAf80280c1DC55

Vesting Contract 0xc598d81c62f6391b2412d02a78fa3f3affe58b52

Excluded Addresses from Rewards

Vesting Contract 0xc598d81c62f6391b2412d02a78fa3f3affe58b52

LP Contract 0xb9241f1f71bfbf7e2036a295f6ba58f35f6c4ff8

Voting

Any address holding over 1% of the total LDFI tokens can create proposals for Protocol changes. Those changes can then be decided upon via voting on the DAO.

Fees

The difference between the interest rate the borrower pays and the rate the lender receives, otherwise known as the "spread", will be used to purchase LDFI tokens from the market for the purpose of burning and rewards.

Token Burning

Through a process known as burning, LDFI tokens will be burnt, lowering the total and circulating supply. This will increase the value of LDFI tokens, creating further value for token holders.

Rewards

A variety of rewards will be given to encourage the growth of the Protocol and the creation of value for token holders. Reward options will include Staking, Liquidity, Liquidation and Yield Farming rewards.

Token Price (will be updated soon)

Token Allocation (will be updated soon)

Initial Circulating Supply

Current Token information

PancakeSwap Liquidity Provisioning

250,000,000 LDFI | 100,000 BUSD (equivalent in BNB) The LP has been locked for 6 months.

Audited LP locking contract:

https://bscscan.com/address/0xb9241f1f71bfbf7e2036a295f6ba58f35f6c4ff8

Locked date: 26 Aug 2021 Unlock date: 26 Feb 2021

The project has also allocated $400,000 worth of LDFI tokens for a potential contribution towards PancakeSwap Syrup Pool.