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How does Lendr Network earning system works ?

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Welcome to Lendr Network! Lendr is a decentralized lending protocol offering interest-free loans for on-chain real-world assets. Our core features include 0% interest loans, an inflation-proof stablecoin called LendrUSD (USDL), and the ability to interact with real-world assets on the blockchain.

To get started, here's a quick guide on how to participate and earn rewards in the Lendr Network:

  1. Opening a Trove: Obtain Lendr stablecoins by opening a trove.
  2. Stake Lendr Stablecoins: Earn rewards and contribute to the network's stability by staking your Lendr stablecoins.
  3. Stake Lendr Reward Tokens: Earn rewards from various network fees by staking Lendr reward tokens.
  4. Redemptions: Swap Lendr stablecoins and collateral at a 1:1 ratio through the Lendr redemption system.
  5. Liquidations: The Lendr liquidation system removes undercollateralized loans from the network while rewarding users.

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How does Lendr Network earning system works ? | Ecency