About Lend Flare Airdrop
LeLend Flare Airdrop is a decentralized borrowing platform on Ethereum blockchain that allows Curve LP holders (the borrowers) to draw fixed-rate, fixed term and high LTV loans against Curve LP tokens used as collaterals, with no concerns for assets being liquidated due to price fluctuation.
Lend Flare is airdropping 1% of the total supply to veCRV and vlCVX holders. Users who had veCRV and vlCVX by the snapshot date are eligible to claim free airdrop.
| Basic | Details |
|---|---|
| Token Name | Lend Flare Airdrop |
| Platform | ETH |
| Total Value | 1% of the total supply |
| Total Supply | 1,308,785,588 LFT |
| KYC | KYC Is Not Requirement |
| Whitepaper | Click Here To View |
| Max. Participants | Unlimited |
| Collect Airdrop | Click Here To Collect Free Airdrop |
Step-by-Step Guide:
- Visit the Lend Flare airdrop claim page.
- Connect your ETH wallet.
- If you’re eligible, then you will be able to claim free LFT.
- Users who had veCRV and vlCVX by the snapshot date are eligible to claim free airdrop.
- Check the airdrop announcement tweet from here.
Lend Flare is a revolutionary lending platform on the Ethereum blockchain
Lend Flare allows Curve investors to borrow against their LPs for a certain amount of time with a fixed borrow rate and no concerns for assets being liquidated due to price fluctuation.
Why Lend Flare?
Lend Flare allows assets being used more efficiently
For borrowers, Lend Flare deposits their Curve LPs back into Curve via the Convex and takes them as collateral, allowing Curve investors to continue earning their maximum profits from their LPs. Also, Lend Flare only allows borrowers to borrow the same pegged tokens i.e If you hold stethcrv, you can only borrow ETH. As a result, borrowers will have a higher collateral ratio which means they can borrow more compared to other platforms without being worried about being liquidated due to price fluctuation but only time.
For lenders, their supplied assets will be deposited into Compound first to earn basic interest even when they are not being lent out yet. When borrowers borrow assets, they will have a borrow rate no lower than Compound’s. Lend Flare then withdraw the corresponding fund from Compound and transfer to borrower. Due to high collateral ratio, lenders will gain a much higher supplied interest rate than Compound. Moreover, Lend Flare’s contract is composable so that in the future, the unused loan liquidity can be deposited into other platforms that provides the highest interest.
Assets are safer
Borrowers’ assets will not be lent out again and liquidated due to price fluctuation. If borrowers pay back loans on time, all the LPs will be given back instantly. Lenders’ assets that being lent out can be guaranteed because Lend Flare only allows borrowers to borrow same pegged token with an over collateralized LP for a certain amount of time. The value of LPs are steady because Lend Flare team will eliminate all factory pools at beginning.
No Investment commission
Lend Flare does not charge users for any management fees of Curve and Compound investment in order to ensure the maximum interest of investor’ assets.
Borrow on Lend Flare
For borrowers, who deposit Curve LP tokens and borrow on Lend Flare, the main advantages are:
To unlock your staked Curve LPs
Lendflare allows every Curve LPs holders to contract an overcollateralized loan, with Curve LP tokens as collateral. Borrowers keep all the advantages of having curve LPs (see points below), and at same time the opportunity to get an attractive loan.
While still earning your Curve and Convex rewards.
In addition to receive new assets when subscribing a loan, Curve LPs used as collaterals are deposited by Lendflare smart contracts on Convex, and continue to earn rewards from Curve and Convex. LendFlare doesn’t take any commission on the rewards earned, they are fully distributed to their respective recipients, exactly just like a normal staking on Convex.
Without price liquidation
The assets you can borrow are always pegged assets relatively to your collateral. For instance, if a user deposits mim3crv, he will be able to borrow only stable coins like Dai and USDC. If a user deposits ren btc, he will be able to borrow btc. Hence, it is highly unlikely to be liquidated, except if the collateral deepe or the duration of the loan is exceeded.
Lend on Lend Flare
Your base yield will be often higher than Compound spot yield.
If your liquidity is not borrowed by other users, your assets remains on Compound, and you’re still earning rewards from here, at the compound spot yield.If your liquidity is borrowed by other users, the borrowing rate will be higher than the Compound borrowing. The reason is that Lend Flare borrowing yield curve is slightly above the one of Compound.
