🪙Tokenomics

This page discusses the overview and utility of Colend token.

Colend draws inspiration from ve(3,3) tokenomics models . By focusing on real yields, decentralized governance, and attractive incentives (bribes), the protocol aims to optimize the growth and health of the ecosystem.

At the heart of this tokenomics is Colend's primary token, CLND, which can be transformed into xCLND when locked. This transformation enables xCLND holders to actively participate in protocol decisions, earn Bribes, and govern token emission (APYs). By collecting borrowing fees and directing emissions towards specific markets through votes and bribes, Colend creates a system where borrowers, lenders, and xCLND holders can all reap rewards and real yields.

Colend's tokenomics is designed to align user interests with the long-term goals of the protocol. By reducing the circulating supply through token locking, rewarding engaged participants, and integrating CLND into a broader DeFi ecosystem, Colend aims to create a stable, prosperous platform that benefits all its users.