metadata: {"type": "project", "title": "leNFT", "logoImg": "bafkreiat7qznrr5ezpwr4sdlgscxsintlu5wr4yvfwm6536sg74tpm2zxq", "website": "https://lenft.fi", "bannerImg": "bafkreiefxxgmoh4lkgklkrhm2yssltijeipul6sczyrycys4czvgreqtya", "createdAt": 1691512867139, "userGithub": "jvalentee", "credentials": {}, "description": "# leNFT: NFT finance done right\n\nleNFT is a new protocol designed to change NFT finance by introducing a solid liquidity layer and sustainable incentives. The protocol focuses on two main areas in its first version:\n\n## Trading\n\n- **Model**: Utilizes the Automated Market Maker (AMM) model, following the lssvm model used by sudoswap.\n- **Benefits**:\n  - Efficient liquidity utilization\n  - Increased profits for liquidity providers\n  - Better pricing for traders\n  - Ideal for low slippage and high capital efficiency\n\n## Lending\n\n- **Architecture**: Peer-to-pool lending, enabling NFT holders to borrow against their assets.\n- **Features**:\n  - Liquidity providers can deposit into pools and earn rewards from loan interest.\n  - Borrowers get instant liquidity without selling NFTs.\n  - Encourages participation in the ecosystem.\n\n## Vote-Gauge System\n\n- Similar to Curve's system, incentivizes liquidity providers.\n- Distributes LE inflation to LP providers using Gauges.\n- NFT projects can lock veLE to provide liquidity within their ecosystems.\n\n## Current State\n\n- leNFT is live on mainnet since 2023-06-30.\n- 3 NFT pools are live.\n- 1 person (me) working full time.\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "leNFT", "projectTwitter": "lenftapp"}
name: leNFT