Lemond

Lemond is a Protocol initialized on OKExChain with lower gas cost and higher efficiency. Besides the basic loan function, Lemond would bring more in the following steps, all is aiming for a Juicy DeFi environment.

Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

Each asset supported by the Lemond Protocol is integrated through a lToken contract, which is an EIP-20 compliant representation of balances supplied to the protocol. By minting lTokens, users (1) earn interest through the lToken's exchange rate, which increases in value relative to the underlying asset, and (2) gain the ability to use lTokens as collateral.

  LEMD could be used to get inbound and outbound yields; to be used for NFT loan market(future orientation);to be used to get member badge for qualification of innovative offering mode(future orientation);to be used for governance of the entire ecosystem(DAO)