Lendex Whitepaper
  • Introduction
  • Core Contributors
  • Mission
  • Technical Overview
  • Product Matrix
    • Collateralized Loans
    • Interest Accounts
    • DeFi Integration
  • Key Features
  • $LEND Token
    • Roles and Functions
    • Allocations
    • Future Utility Expansion
  • Governance in Lendex
  • Roadmap
  • Contact Us
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  1. $LEND Token

Roles and Functions

Governance Participation

$LEND tokens grant holders the ability to participate in governance. The more tokens a user holds, the more significant their voting power.

Access to Exclusive Features

Token holders may gain access to exclusive features within the Lendex platform, such as specialized lending options or enhanced interest rates.

Incentive Alignment

The token serves to align the incentives of users with the long-term success and stability of the platform. It encourages users to act in the best interest of the Lendex ecosystem.

Staking Rewards

$LEND token holders may have the opportunity to stake their tokens to receive rewards. Staking helps secure the network and contributes to the protocol's liquidity.

Fee Reduction

Holding $LEND tokens could offer reductions in transaction fees within the Lendex platform, incentivizing regular use and investment in the protocol.

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Last updated 1 year ago