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The Current Stablecoin Market
As a company, we have observed significant systemic issues in the stablecoin market:
What is Lendr?
Lendr is a decentralized lending protocol that operates without governance, offering interest-free loans for real-world assets (RWAs) on the blockchain. It also introduces an inflation-proof stablecoin called LendrUSD (USDL).
Here are some key features of the Lendr network:
As a company, we have observed significant systemic issues in the stablecoin market:
- In the past year, stablecoin holders lost over 9 billion USD worth of spending power due to inflation.
- Multiple top 10 stablecoins have temporarily or permanently deviated from their intended peg, resulting in billions of dollars in losses for holders.
- The stablecoin market carries risks as many stablecoins rely on other centralized stablecoins for backing.
- Many stablecoins lack utility beyond maintaining stability, offering no financial incentives for interacting with their protocols.
What is Lendr?
Lendr is a decentralized lending protocol that operates without governance, offering interest-free loans for real-world assets (RWAs) on the blockchain. It also introduces an inflation-proof stablecoin called LendrUSD (USDL).
Here are some key features of the Lendr network:
- 0% Interest Rate DeFi Loans
- Inflation-Proof Stablecoin — LendrUSD (USDL) pegged to the inflation index instead of the dollar
- Real-world assets represented as tokens
- Leverage BNB positions (up to 11x)
- Over Collateralized Backing (110%+)
- Token Stability Rewards System — Users are financially incentivized to maintain the token’s peg.
- Stakers Earn Money — Over 30% of the total Lendr (LNDR) supply is reserved for staking rewards.
- Decentralized and Governance-Free
- Protocol-Wide Recovery Mode — A protective built-in system to ensure over-collateralization if collateral value drops significantly.
- Fully Redeemable — USDL can be redeemed for 1:1 BNB backing by anyone at any time, eliminating concerns about losing value to de-pegging.
- Users can mint USDL with BNB collateral at a minimum ratio of 110% with a 0% interest rate. If their collateral falls below 110%, their position can be liquidated by any user who will receive financial rewards for doing so. This maintains a system-wide collateralization ratio above 110%.
- Users can stake their USDL tokens in the Stability Pool, which receives BNB rewards during liquidations. The Stability Pool also receives over 30% of the LNDR total supply as staking rewards, with a larger proportion of tokens distributed during the launch for early adoption incentives.
- Users can stake LNDR in the rewards pool that receives tokens from the USDL ecosystem whenever users issue USDL, redeem USDL, or repay their USDL loans.
- Users have the flexibility to repay their loans or redeem USDL for BNB at any time.
- All fees generated within the ecosystem are distributed to LNDR stakers or USDL stakers. The Lendr does not directly receive any fees from the system.
