MetalPay Introduced Proton Lend
Another amazing product and benefiting platform introduced by MetalPay.
Proton Lend (LOAN), a new decentralized finance lending market built on the Proton blockchain. The platform is similar to Aave and Compound Protocol that is built around a pooled strategy that does not require for a lender and borrower to be directly matched. Pooled funds can be borrowed by placing collateral into the smart contract and the loan is made available on-demand.
The protocol are governed by the $LOAN token, which will be earned in three tranches; the first two airdrops will occur to MTL (XMT) and XPR holders and will occur only on the Proton Blockchain. The $MTL airdrop will occur to holders of unlocked tokens only on the Proton Blockchain(Not Applicable to ERC20 version of MTL)
LOAN tokens will be used to vote on decisions related to protocol parameters as well as voting for assets that can be used as collateral and other governance measures. LOAN will be conducted with a fair launch, and there are no tokens will be retained by the team or founders.
Metal already have Proton Swap, Proton Market and now added Proton Lend on its Proton Blockchain
ABOUT Metal
Metal Pay is a peer-to-peer payment app that rewards its users with free MTL tokens for sending and receiving money
ABOUT Proton Lend
Proton Lend (LOAN),is a new decentralized finance lending market built on the Proton blockchain. Utilizing the cross-chain capabilities with wrapped X-tokens, Proton Lend makes it possible to lend between cryptocurrency pairs where it wasn’t previously possible for other blockchains, including from BTC, ETH, LTC, BNB, EOS, and many more.
