#LearnToLEND 06 | Discover tTokens

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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: 06 - Discover tTokens
🎁 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
➕ tTokens - Gitbook Section

👇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 a tToken ? *

10 points

Tokens which have x1.1 value after 90 days vesting schedule.

A tToken is the receipt of an asset you receive when you supply it to LEND.

Wrapped version of LEND.

A tToken is the receipt for you to receive USDT after 90 days vesting schedule

Q2) How do you get tTokens?
*

10 points

You get tTokens after locking your LEND.

tTokens are received when you supply any assets to LEND.

You get tToken after completing a 90 days vesting schedule.

Buy from the market (PancakeSwap, Biswap)

Q3) What do tTokens do once you receive them for supplying assets to LEND?
*

10 points

tTokens start earning protocol revenue immediately.

tTokens allow you to partake in protocol governance.

tTokens start to automatically earn compounded interest as they are used to create borrow balances by other users on the protocol.

Q4) Which tTokens can you stake / lock ?
*

10 points

tBNB / tETH / tMatic

Any tTokens issued by Lend Protocol

Only tLend - Received by providing $LEND tokens to the LEND protocol

Only tUSDT

Q5) When can tTokens be swapped back for the original deposited assets?
*

10 points

Once you repay your borrow balance

At any given time. Providing they are not being used as collateral for an outstanding borrow.

After locking / staking your $tLEND tokens.

After you supplying $LEND tokens to the Protocol.

Q6) What do you need to do with tTokens to unlock the ability to borrow from LEND?
*

10 points

tTokens must be allocated as collateral to unlock the borrowing function.

tTokens need to be converted back into the base asset to unlock borrowing.

tTokens must be staked for 90 days to unlock borrowing.

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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