Colend

About Colend

Colend is the premier decentralized lending protocol on Core Chain, the fastest-growing BTC sidechain. BTCFi is transforming Bitcoin into a productive asset, allowing holders to earn yield through lending and staking while supporting Bitcoin's long-term security. With the BTCFi market representing less than 1% of the total crypto market cap, there is vast potential for growth.Colend innovates by its unique ve(3,3) governance model, giving users substantial influence over reward distribution. Highlight/Vision: Colend began as a web3 collective with a shared passion for pioneering the BTCFi movement. Today, it stands as the #1 BTCFi protocol, setting new standards for decentralized lending on Bitcoin sidechains. With over $200M in TVL achieved in just six months, Colend leads in TVL, user activity, and transaction volume across BTCFi. Positioned among the top 3 BTC money markets and in the top 10 for stablecoin APYs, Colend is built for robust growth. Through its innovative ve_3,3_ governance model, Colend will empower users to shape the protocol’s future, from reward allocation to voting power within the DAO. With Core’s upcoming network upgrade expected to draw even more institutional TVL, Colend is primed for significant expansion. Token Economics: CLND powers Colend’s eco_: holders can lock their tokens to vote on APY emissions and earn bribes from curators aiming to increase APY on specific assets. CLND also enables borrowing and plays a key role in DAO governance, giving users influence over protocol strategic decisions. Technical Overview: Colend utilizes audited smart contracts optimized for the Core Chain to facilitate secure and seamless lending and borrowing. Its ve_3,3_ governance model promotes community-driven decision-making and efficient reward distribution. Comprehensive audits and Core’s native security features further ensure a reliable, decentralized financial eco. Token Allocation: Liquidity Mining 50.00%: TGE unlock 0%, cliff 1 month, vesting 36 months Community Growth 14.00%: TGE unlock 0%, cliff 1 month, vesting 6 months LP 2.00%: TGE unlock 100%, no cliff, no vesting Eco_ Fund 10.00%: TGE unlock 0%, no cliff, no vesting IDO 5.00%: TGE unlock 0%, cliff 4 months Strategic Partners 4.00%: TGE unlock 0%, cliff 6 months, vesting 24 months Team 15.00%: TGE unlock 0%, cliff 6 months, vesting 24 months