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.
Lendefi governance, via a Decentralized Autonomous Organization (“DAO”), allows active participation of the token holders in the governance of the Protocol.
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.
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.
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.
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.
500,000 LDFI | 200,000 USDC (equivalent in ETH) After the initial 30 day lock-up period, the Liquidity Provisioning ("LP") tokens were locked for a further 6 months.
LP token contract Etherscan Locked date: 27 Feb 2021 Unlock date: 26 Aug 2021
70,000 LDFI | 50,000 BUSD (equivalent in CAKE) LP token contract BSCScan These LP tokens are not locked.
70,000 LDFI | 50,000 BUSD LP token contract BSCScan These LP tokens are not locked.