30% of the quota is sold within five minutes, Lenen IDO rush purchase enters the countdown!
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In 2022, the overall lock-up volume of DeFi has exceeded US$100 billion, with DEX and loan products accounting for the highest proportion of lock-up volume. Among the top ten DeFi projects, DEX accounts for 37% of TVL, and lending products account for 33%. Currently, crypto lending has emerged as one of the most promising applications of DeFi, ushering in an influx of dozens of platforms, tools, applications, and participants. However, the growth of leading lending platforms has slowed down, and latecomers have obviously carried out more iterative optimization.
For many existing lending platforms, since the agreement allows users to freely deposit (mortgage) or lend all supported assets, these assets can be regarded as both "basic assets" or "mortgage assets". However, the collapse of a single asset is very likely to drain the funds of the entire agreement, causing irreparable systemic losses.Each Lenen pool has only the only base asset USDT (the number of mortgage assets is not limited), and depositors can earn interest by providing the base assets to the Lenen protocol. The pool supports four mortgage assets: VS, VBTC, VETH, and VBNB, which means that users can freely choose to deposit (mortgage) among these four assets. But no matter what is deposited, only USDT can be lent, and the lent USDT cannot be deposited back into the pool as collateral assets again.
Under Lenen's new model, the mortgage assets deposited by users will no longer be lent out but will be statically stored in the contract. Therefore, as long as a reasonable mortgage rate is guaranteed, there will be no need to worry about the extreme situation of not
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