WanLend is the first ever Wanchain based decentralized lending platform, and it goes live today!
This is the second major DeFi DApp to go live on Wanchain since the launch of Wanchain 5.0, the first being the Uniswap instpired AMM DEX, WanSwap.
WanLend is LIVE now at: https://wanlend.finance/
What Is WanLend?
WanLend is the crypto lending platform built on Wanchain which takes advantage of Wanchain 5.0’s cross-chain features. WanLend is developed, deployed and operated by WanLabs, and it is the first decentralized cross-chain lending application in the Wanchain ecosystem.
WanLend fully draws from Compound’s code and design, and relies on similar algorithms to calculate the supply rate and borrow rates of each cryptocurrency in accordance with the supply and demand.
At launch WanLend supports supply and borrow features for WAN, wanBTC, wanETH, wanUSDT, wanUSDC, and FNX. In the future WanLend will support more cross-chain tokens (e.g., XRP, DOT) and native Wanchain DApp tokens.
Cross-chain wanTokens can be obtained by converting native tokens through WanWallet Desktop and wanBridge Web, or can be traded for through WanSwap. Right now, users can use WanMask to operate WanLend. WanLend will be integrated into WanWallet Desktop and WanWallet Mobile in the future.
Assets put up by suppliers are pooled together. Using on chain pool management ensures the maximum liquidity of the funds, and also guarantees the security and transparency of the assets. The supplied assets can be withdrawn at any time once after being deposited, which greatly facilitates the flexibility of funds for an individual supplier.
Borrowers supply certain approved assets as collateral on WanLend. WanLend calculates the borrow rate in real time — the rate is transparently determined by the on chain supply and demand for different assets. Borrowed assets may be fully repaid at any time at discretion of the borrower.
- Support for assets from different chains:
WanLend not only supports Wanchain WAN and WRC20 tokens, but more importantly, supports any cross-chain tokens from integrated public chains
- High TPS and low gas fees:
WanLend takes advantage of Wanchain’s low gas fees and lightning fast transactions. Currently, the gas price on Wanchain is 1 Gwin, so the transaction fee is only one thousandth of that of on Ethereum.
- Flexible terms:
Assets can be supplied or withdrawn at any time, and borrowed assets can be borrowed and repaid at any time, bringing a high degree of flexibility for both suppliers and borrowers.
- Synergy with the Wanchain cross-chain DeFi ecosystem
The cross-chain lending platform WanLend and WanSwap complement each other, as more and more DeFi applications join the Wanchain ecosystem, they will synergistically bring value to each other.
WanLend at a Glance
The supply page:
The borrow page:
WanLend User Guide
Established in 2018, WanLabs is committed to the integration and innovation of cutting-edge blockchain technology and applications. Currently, WanLabs is focused on the development of cross-chain and DeFi DApps. WanLabs also provides professional advisory services for blockchchain projects.