#LearnToLEND 02 | Discover $LEND Tokens

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LEND Finance has many fantastic opportunities for our community to get rewarded, the #LearnToLEND campaign is one of them!

The #LearnToLEND campaign is an educational program designed for community members new & old to learn about the LEND Finance ecosystem, answer simple quizzes and earn fantastic rewards!

⏱ Quiz Topic: 02 - Discover $LEND Tokens
🎁 Reward: 1 NFT badge powered by Galxe

🤝 Claim: HERE ON GALXE - (Claim may take a little while as this requires a snapshot)

💎 Collect all badges (8/8) in the #LearnToLEND collection to earn the #LearnToLEND Master NFT & Take part in exclusive NFT holder giveaways, airdrops & more!

📍Make sure you have read our gitbook : ✅ LEND Official Gitbook

✅ Useful resources:
This is the useful resources section for this #LearnToLEND topic! These are sections of our Gitbook & other resources we think will provide you with all the information you need to ace the quiz and claim your NFT!
📚 LEND Protocol Beginner's Guide - Medium Article
👋 Welcome to LEND - Gitbook Section
📊 $LEND Tokenomics

👇How to take part:
1️⃣ Read the LEND Finance gitbook
2️⃣ Answer this simple quiz & score 90/90 points
3️⃣ Wait for snapshot to complete (1-2 days) 
4️⃣ Mint the NFT badge for this section
5️⃣ Complete all other #LearnToLEND quizzes 

📄Read the #LearnToLEND campaign details: ✅ #LearnToLEND Campaign Page 

✅ Complete this form to start to #LearnToLEND & begin your journey into the LEND Finance ecosystem.

Q1) What is the $LEND token? *

10 points

$LEND Tokens are virtual receipts for borrow balances.

$LEND Tokens are the native reward token for the LEND ecosystem.

$LEND Tokens aren't real

$LEND Tokens are NFTs that represent your deposits.

Q2) What can $LEND tokens be used for?
*

10 points

$LEND tokens can be used for protocol governance.

$LEND tokens can be supplied to earn additional $LEND tokens.

$LEND tokens can be Staked or Locked to earn a share of all protocol revenue generated by LEND.

All of the above!

Q3) If you're a LENDER looking to maximise your earnings how do $LEND tokens benefit you?
*

10 points

Lenders can stake/lock $LEND tokens to earn up to 25% of ALL generated protocol revenue as additional passive income.

Lenders can dump $LEND tokens to compound interest.

Lenders can use $LEND tokens to boost received APY on lending deposits.

All of the above.

Q4) How much of all protocol revenue can be earned through staking & Locking $LEND tokens?
*

10 points

50% Of Revenue from BNB Chain.

20% Of Revenue from BNB Chain.

0% - Like every other DeFi lending protocol.

$LEND token stakers and lockers are eligible to share 25% of ALL generated protocol revenue from all current chains AND future chains LEND expands to.

Q5) How do LEND users earn $LEND tokens?
*

10 points

By supplying assets to LEND

By borrowing assets from LEND

By supplying $LEND tokens to LEND.

All of the above! All LEND users earn $LEND tokens as a reward for using the DAPP.

Q6) What is the circulating supply of $LEND tokens at launch?
*

10 points

14,250,000

75,000,000

100,000,000

45,000,000

Q7) How many LEND tokens allocated for DEV team for the first 2 years?
*

10 points

7,500,000

45,000,000

75,000,000

Q8) How do you start earning #RealYield with $LEND tokens?
*

10 points

Hold $LEND tokens -> Earn

Supply $LEND tokens -> Get $tLEND -> Lock & Stake $tLEND to earn!

All of the above

Supply $LEND tokens -> Earn!

Q9) What happens if $LEND Lockers unlock their locked tLend tokens before 90 days in their term?
*

10 points

50% Forfeit of Locker rewards.

25% Forfeit of Locker rewards.

1000 LEND tokens supplied to the protocol.

Impossible! Unlocking tokens can't be done!

Q10) What are $LEND tokens the key for?
*

10 points

Boosted lending market interest

Unlocking real yield from the LEND ecosystem

Reduced borrowing rates

Governance decisions

Submit your BEP-20 Wallet Address for NFT claim *

Congrats on making it to the end of the quiz! Submit the BEP-20 wallet you would like to mint the NFT for this section of #LearnToLEND with. Once you have scored 100% you will be eligible to mint.

🚨Remember! If you don't score 100% straight away you can always try again! Check your results! 🧠

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