Leno Network — Lending on Juno
LENO, a fully decentralized, non-custodial liquidity protocol on Juno Network, enables users to easily lend, borrow and earn interest with their crypto assets. Depositors provide liquidity to the protocol to earn passive income and use the deposited assets as collateral to borrow another supported assets.
Leno Network is not only Lending & Borrow platform but also provide massive services for Juno Ecosystem.
To achieve our goal, we have to try to attract money flow from other chains into the Juno Network.
Therefore, besides lending and borrowing platform as the main product, we have developed more products to support the development.
Here is our Product Roadmap without Specific Time. It’s just an order of Product’s release Time.
Leno Network has 4 features
- Lending and Borrow.
- Launchpad.
- Oracle — Price Feed.
- NFT Lending.
B. Inspiration
1. Lending
Juno Network is one of the biggest L1 on the Cosmos ecosystem, which had impressive growth in TVL and Marketcap (almost 50M$ in TVL and 1B$ in Marketcap). Beside that, many projects from Terra came to Juno, making Juno more popular than ever.
Juno Ecosystem is growing very fast with many excellent projects that launched in recent months like Junoswap, DaoDao, StakeEasy, JunoTools, TFM, Loop Finance, Hope NFT, … With these projects, Juno’s infrastructure is almost completed.
We build a lending platform to encourage cash flow from other systems in Cosmos to the Juno network as well as create as many conditions as possible so that investors can maximize their profits.
2. Launchpad
With a relatively young ecosystem like the Juno network, the launchpad is an indispensable part to help new projects be funded by Launchpad Platform. This makes it easy for the project to find investors as well as investors can be assured of their investment. In addition, we also built the launchpad to diversify the usability of $Leno.
3. Oracle
Oracle feature is an integral function of lending platform, so we plan to build oracle feature and maximize its capabilities before mainnet borrow feature.
4. NFT Lending
We realize that although NFT is a vibrant market with billions of dollars in trading volume, there are still many flaws:
- NFT is not easy to trade as tokens on Dex because of lacking liquidity
- NFT is not easy to lend and borrow like tokens because of lacking price valuation.
We want to change that and build a NFT Lending. It’s our ambition for next year. We believe next year, NFT on Juno will be big enough for NFT Valuation (NFT Oracle) to work well.
About LENO
Website: https://lenonetwork.io
Twitter: https://twitter.com/LenoNetwork
Discord: https://discord.gg/RCFnsSAC9h
Github: https://github.com/LenoNetwork
