Lemond

Lemond is a decentralized, open source, autonomous, unmanaged liquidity market protocol on OKExChain that users can participate in as depositors or borrowers. Savers provide liquidity to the market to earn passive income, while borrowers can borrow as over-collateralized (permanent) or under-collateralized (one-time liquidity).

Each asset supported by the Lemond protocol is consolidated through an lToken contract, which is an IP-20 compliant representation of the balance provided to the protocol. By minting an lToken, the user (1) earns interest on the exchange rate of the lToken, which increases in value relative to the underlying asset, and (2) gains the ability to use the lToken as collateral.