LENA - Lending and Earning on Non-fungible Assets, is the newest Web3 liquidity provider that facilitates decentralized and permission-less borrowing and lending of all NFT collections, while offering ETH liquidity pools for staking rewards, borrowing lending and more.
LENA’s goal is to unlock the true potential of Web3 as them develop innovative NFT solutions including fractionalization, derivative markets, multi-chain support and flexible risk lending protocols giving the power back to the users. As them redefine utility and liquidity, new markets and opportunities will emerge with LENA at the forefront of this decentralized revolution.

Product

The LENA Network is comprised of multiple different product offerings so that NFT holders can access more liquidity than ever before.

NFT Vesting/Borrowing

On the LENA Network, when you vest your NFT with us, you may take out a loan and receive ETH, the amount of which is dependent on the utilisation rate of the lending pool, and the floor price of your NFT.

Lending

When lending ETH, your ETH goes into a common lending pool, which will act as the liquidity for the aforementioned NFT loans. The interest rate that the borrower pays then gets passed onto you, the lender, with a small transaction fee charged by the LENA Network.

For a more in-depth look at how liquidity pools for lending will be managed, see the Lending Protocol docs here.

Bug Bounty

LENA Bug Bounty aims to reward white hat hackers that search for bugs, vulnerablilties and misconfiguration on the LENA Network platform.
The payout of bug bounty would be depending on the threat level of the vulnerability listed in the following table, the payout would be in LENA token.

Bug bounty during testnet will be 50% of the above chart, the reference price will be the average price of first 7 days of LENA/USD after TGE.

Token Utility

The LENA Network is an NFT lending protocol with the target of achieving a permissionless lending market for all NFT collections. With LENA, the ecosystem token, we can reward protocol participants and supporters for bootstrapping the ecosystem through platform revenue share. Additionally, LENA will serve as the token for protocol governance, which the community can drive key parameter changes that will directly impact the growth and revenue of the protocol.

Protocol Revenue Share

The LENA Network accrues value from multiple streams with the service it provides to lenders and borrowers. 100% of the protocol profits are repurchased back to LENA and rewarded to veLENA holders (LENA Vesting).
The following list outlines the sources of veLENA rewards:

For more information about tokenomics here.

Roadmap
Lena Network aims to be the go-to permissionless NFT lending and borrowing market for the community. Our extensive roadmap illustrates the plan for us to achieve our target on becoming the marketplace.

2023 Q1

• Launch of LENA Network testnet

• Start of LENA Pre-TGE Point Drop (Fair Launch) Event

• Fund raise for Series A of LENA Network

• Announce platform prime liquidity provider line-up.

2023 Q2

• Receive Preliminary code audit report

• Official oracle launch on mainnet

• Gated access to mainnet private alpha launch

• Launch of LENA Community Security Bounty Program

• Enable NFT Collateral on bluechip NFT

  CryptoPunks

  Bored Ape Yacht Club

  Mutant Ape Yacht Club

  Meebits

  Sandbox LAND

• ETH lending vault goes live

• LENA Token Launchpad and IDO details release

For more information about Roadmap here.

Useful links