Lend Flare is a lending protocol on Ethereum.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 rates compared to current lending platforms.
Loans are paid out through Lend Flare from Compound platform. Liquidity providers (the lenders) who deposit loan liquidity through Lendflare on Compound platform will receive one of the highest interest rates compared to other current lending platforms.
LendFlare DAO Token is the governance token of Lend Flare platform.
By locking LFT tokens into veLFT tokens, users receive: Share of protocol fees. Boost of lending mining yields. Gouvernance rights on Lend Flare after the DAO launch.
