Lendroid is a 0x-inspired, non-rent seeking, trust-independent, open protocol enabling decentralized lending, margin trading and short selling on the Ethereum blockchain. It aims to solve the shortcomings of centralized exchanges by creating a globally shared lending pool, and a symbiotic off-chain infrastructure supported by incentivized participants - Relayers and Wranglers. Simply put, Lenders contribute their offers to the lending pool through relayers, who then match the offers with appropriate traders. The traders can use the borrowed funds to margin trade, make a profit, and repay the lenders.
Smart contracts mean there is no 3rd party custodian. With Lendroid there is no risk of the custodian getting hacked while lending/margin trading.
Lendroid powers a common protocol and a shared liquidity pool for margin trading across various decentralized / centralized exchanges.
The protocol is non-partisan and does not favor one type of participant over another. The fee is paid by actors using the protocol to those helping the protocol.
1 ETH = 48 000 LST
Hard cap: 5 000 ETH
Total Tokens: 12 000 000 000
Available for Token Sale: 40%
Bonus 25% of TGE tokens reserved for pro-rata distribution among contributors who optionally vest for 2 years.