Lend Flare Ico Review: No Investment Commission

About Lend Flare Ico

Lend Flare Ico is a revolutionary lending platform on Ethereum blockchain. Lend Flare allows Curve investors to borrow against their LPs for a certain amount of period with a fixed borrow rate and no concerns for assets being liquidated due to price fluctuation. Curve LPs will not be lent out again but reinvest in Convex to ensure the maximum profit and give all back to borrowers. For investors who supplied loan liquidity will gain one of the highest supplied interest rate compare to current lending platforms.

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 lets 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.

Lend Flare Ico, their supplied assets will be deposited into Compound to earn basic interest even the assets is not borrowed. When borrowers borrow assets, they will have a borrow rate no lower than Compound’s. Lend Flare then withdraws corresponding funds from Compound and transfers it to borrower.

Due to high collateral ratio, lenders will gain a much higher supplied interest rate than Compound. More over, Lend Flare’s contracts are composable so the unused loan liquidity can be deposited into other platforms that provides the highest interest.

Token Basic Information

Why Lend Flare？

1. 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 let 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 compare to other platforms without being worried about assets 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 they is no borrow. When borrowers borrow assets, they will have a borrow rate no lower than Compound’s. Lend Flare then withdraw correspond fund from Compound and transfer to borrower. Due to high collateral ratio, lenders will gain a much higher supplied interest rate than Compound. More over, Lend Flare’s contract are composable so that in the future, the unused loan liquidity can be deposited into other platforms that provides the highest interest.

2. 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.

3. No reinvestment commission fee

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.

Safety

TimeClock is a proof of concept smart contract that enables one to setup a Contractor and Contractee relationship for the delivery of services. For Lend Flare, all the contract are controlled by the timelock contract which is then controlled by multisig contract. In other words, all the parameter change will be a time-delay action and pre-shown to the public. The time delay will be 2 days. For more details please check.

LFT

LFT is used to encourage liquidity provider for Lend Flare, also attracts users to govern the platform.

Use of LFT

Investors stakes LFT to receive VeLFT. VeLFT stands for vote-managed LFT tokens.The longer you lock the LFT, the more VeLFT tokens you will get.

Basic information

• Token name : Lend Flare Token（LFT）
• Contract Address:
• Blockchain: Ethereum (ERC20)
• Total supply: 3.03 billion

VeLFT introduction

VeLFT is the proof for LFT tokens. The longer the user locks LFT tokens, the more VeLFT tokens he gets. The locking procedure depends on a number of factors.

Interest

VeLFT holders will share 50% of the loan interest of all pools on the platform. Also boost your LFT rewards up t0 2.5x.

Voting

VeLFT holders have the right to create their own proposal and vote . For more details please see Lend Flare Dao.

Earnings boost

VeLFT automatically boosts LFT earnings. If boosting is not shown, LFT can be taken first. LFT boosting depends on the total number of VeLFTs and the total current pool liquidity. The boosting formula is