#LearnToLEND 01 | Introduction To LEND DeFi

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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: 01 - Introduction to the LEND ecosystem
🎁 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 Protocol Overview - Gitbook Section

👇How to take part:
1️⃣ Read the LEND Finance gitbook
2️⃣ Answer this simple quiz & score 100% 
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 Finance ecosystem? *

10 points

A DeFi Stable Swap Protocol

A DeFi AMM

A DeFi Lending Protocol

A DeFi Wallet

Q2) What can the LEND platform be used for?
*

10 points

Leveraged margin trading on the most popular crypto asset pairs

Facillitating instantaneous swaps between crypto assets & chains

IDO Launch pad for new projects

Lending crypto assets to earn interest, Borrowing crypto against deposited collateral & Earning platform revenue through $LEND Tokens

Q3) What do Lenders get for supplying / depositing assets to the protocol?
*

10 points

Competitively high interest + $LEND tokens as a reward

A PFP NFT Collection.

Lottery tickets.

All of the above.

Q4) What utility do $LEND tokens have?
*

10 points

Increase your collateral value meaning you can borrow more

Can be used to claim a share of ALL revenue generated by the protocol & Governance!

Provide discounted rates when borrowing from LEND

Provide boosted rates when lending (supplying) crypto assets

Q5) How can LEND users earn $LEND tokens for free?
*

10 points

Supplying crypto assets to the LENDING markets

Borrowing crypto assets from the BORROW markets

Supplying $LEND tokens on the LEND platform

All of the above - LEND rewards ALL users with bonus $LEND tokens! We want everyone to have an equal opportunity to share platform revenue.

Q6) How does LEND stand out from other existing competing DeFi protocols?
*

10 points

LEND will be the first DeFi Lending protocol on BNBChain to actively share 50% of ALL protocol revenue back to our ecosystem & native token holders.

LEND is designed to create financial inclusion with zero barriers to entry.

LEND has been designed with user safety and protocol longevity in mind. We are aiming to be here for a long time - not a pump and dump!

LEND founding team collectively has 50+ years experience in TradFi markets & treasury management.

All of the above - LEND is the best!

Q7) On initial launch LEND will first be available via … (complete the sentence)
*

10 points

DeFi Ecosystem

BNB Ecosystem

all above

TEN Finance Ecosystem

Q8) LEND is a natural extension of the … (complete the sentence)
*

10 points

BEP-20

EVM

TEN Finance Ecosystem

SOL

Q9) How does LEND keep users safe?
*

10 points

LEND will only ever use the most liquid assets for lending and borrowing to avoid market manipulation & loss of funds

Borrowers are required to provide more collateral than they can borrow, meaning less risk of liquidation & protection of Lender's supplied tokens

Unhealthy accounts are subject to automatic liquidation to protect Lender's assets.

LEND smart contracts have been audited by industry specialists at Peckshield

All of the above! - Wow! LEND really cares about user safety & longevity of the platform!

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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