Tender.fi (TND) is the native token of Tender.fi, an innovative decentralized open-source protocol for borrowing and lending. Tender.fi is based on its own blockchain.
The token has a total supply of 10,000,000. As of January 7, The Tender.fi price is $0.8165 with a 24-hour trading volume of $482,551 USD. The circulating and max. supplies are not available.
The Tender.fi protocol is owned and governed by $TND token holders. Protocol rewards and incentives will be paid in $TND. As the protocol develops, $TND will impart additional benefits to holders such as improved LTVs, lower borrowing costs and higher deposit rates.
A Utility Token With an APY
$TND is inherently a utility token that allows users to increase their leverage ratio on the protocol, participate in governance, and join the community. In addition to having functionality, $TND can be staked to generate an APY and secure the depositors against loss. Fees from liquidations will accrue to staked token holders, with higher APYs given to tokens locked for a longer term.
The distribution of $TND tokens is intended to reward community members and active protocol participants. The majority of $TND will be distributed through the Community Development fund and incentive programs.
Token allocation and release schedule is as follows:
|Community Development||40%||5 year distribution strategy|
|Advisors||5%||6 month cliff, followed by linear release over 48 months|
|DAO Treasury||20%||100% immediately available|
|Team||25%||6 month cliff, followed by linear release over 48 months|
|Angel||10%||6 month cliff, followed by linear release over 48 months|
What is the Tender.fi Project?
Tender.fi is an innovative decentralized open-source protocol for borrowing and lending. It will create support for autocompounding and collateralization for popular DeFi assets, starting with GMX and GLP, and a novel mechanism for collateralizing long-tail assets.