Lendroid (LST)

Lendroid (LST) widget

ICO date: 19.02.2018 - 22.02.2018
Product Type: Technology
Industry: Trading
Description:

Lendroid is a Non-Custodial Margin Trading Protocol.

Features:

Lendroid proposes a network consisting of two types of actions: off-chain actions that propagate an intent and on-chain actions that confirm the intent, thereby committing the state of the network on the Ethereum blockchain.

The drawbacks in terms of tag, efficacy of information and the fact that an Lendroid Oracle is a centralizing component make such an approach cumbersome and less than completely reliable. Despite this, Lendroid Oracles currently remain the simplest means of bringing external data on-chain.

On Lendroid, Oracles serve as a point of reference, and as a preventive against unwarranted triggers from Wranglers.

In the Lendroid Smart Contract System, there are the Fund Smart Contracts, Business Logic Contracts and the Proxy Contracts.

The Lendroid Support Token, or LST, is the native token of the Lendroid protocol. Participation requires a user to possess Lendroid Token.

The Lendroid Token has been envisioned for a three-fold objective: to lubricate process and drive utility on the protocol; to incentivize participation; to empower governance. As a non-rent-seeking protocol, self-sustenance can be achieved only if the Lendroid Token is tied to value creation.

Website: lendroid.com
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
High 3.0 / 5.0
Risk score
NA

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See also