Forlend - the best way to borrow assets, earn interest and create loan applications. It is also a decentralized borrowing protocol for a sovereign future.
How does Forlend work?
Forlend — the first decentralized private lending and borrowing protocol, built to transform DeFi lending from serving a small segment of users to mass (institutional) adoption and giving all borrowers/lenders sovereignty over their transaction data.
Forlеnd — a decentralized protocol that allows you to provide crypto assets as collateral for borrowing other crypto assets and earning interest, using an overcollateralized model (FRA tokens and several stablecoins are currently supported).
First launched on the privacy-preserving Findora blockchain, forlend ensures the privacy of its users' transactions, creating a true marketplace that empowers institutional investors, SMEs and individuals.
Forlend is built on Findora, a privacy-preserving blockchain with a secure ledger. In this way, Forlend provides retail and institutional investors with a secure and private environment to provide financial services while still being able to comply with regulatory and audit requirements.
Forlend's native token - $FLD, which helps to encourage lending, liquidity mining and governance. It has a community oriented token structure where the vast majority of tokens are reserved for the community and 10% is reserved only for the treasury to protect the project.
When it is created, 10 million FLD tokens will be issued with the following distribution:
| 1. | 5% to contributors and project incubation. |
| 2. | 10% for the treasury.the remaining 85% are reserved for mining community liquidity and incentives. |
| 3. | the remaining 85% are reserved for mining community liquidity and incentives. |
To use the protocol, lenders deposit their preferred Forlend-backed asset that bears passive interest. In addition, the deposited assets can be used as collateral so that the user can borrow other assets. The interest, received from the placement of funds, offsets the accrued interest rates on loans.
Staking on the project
To earn interest and earn some passive income, you can stake your FRA-FLD LP (from Fairyswap) tokens in the FLD-FRA staking pool. Go to the "Staking" section and choose how much you want to stake. Then click "Bid". You can very easily receive rewards, earned through liquidity mining. If you have deposited FRA in the FLD-FRA liquidity pool, you will receive rewards by simply clicking "Get".