# LENA Network Overview

**Published by:** [Armtoken](https://paragraph.com/@armtoken/)
**Published on:** 2023-03-27
**URL:** https://paragraph.com/@armtoken/lena-network-overview

## Content

LENA - Lending and Earning on Non-fungible Assets, is the newest Web3 liquidity provider that facilitates decentralized and permission-less borrowing and lending of all NFT collections, while offering ETH liquidity pools for staking rewards, borrowing lending and more. LENA’s goal is to unlock the true potential of Web3 as them develop innovative NFT solutions including fractionalization, derivative markets, multi-chain support and flexible risk lending protocols giving the power back to the users. As them redefine utility and liquidity, new markets and opportunities will emerge with LENA at the forefront of this decentralized revolution. Product The LENA Network is comprised of multiple different product offerings so that NFT holders can access more liquidity than ever before. NFT Vesting/Borrowing On the LENA Network, when you vest your NFT with us, you may take out a loan and receive ETH, the amount of which is dependent on the utilisation rate of the lending pool, and the floor price of your NFT.Lending When lending ETH, your ETH goes into a common lending pool, which will act as the liquidity for the aforementioned NFT loans. The interest rate that the borrower pays then gets passed onto you, the lender, with a small transaction fee charged by the LENA Network. For a more in-depth look at how liquidity pools for lending will be managed, see the Lending Protocol docs here. Bug Bounty LENA Bug Bounty aims to reward white hat hackers that search for bugs, vulnerablilties and misconfiguration on the LENA Network platform. The payout of bug bounty would be depending on the threat level of the vulnerability listed in the following table, the payout would be in LENA token.Bug bounty during testnet will be 50% of the above chart, the reference price will be the average price of first 7 days of LENA/USD after TGE. Token Utility The LENA Network is an NFT lending protocol with the target of achieving a permissionless lending market for all NFT collections. With LENA, the ecosystem token, we can reward protocol participants and supporters for bootstrapping the ecosystem through platform revenue share. Additionally, LENA will serve as the token for protocol governance, which the community can drive key parameter changes that will directly impact the growth and revenue of the protocol. Protocol Revenue Share The LENA Network accrues value from multiple streams with the service it provides to lenders and borrowers. 100% of the protocol profits are repurchased back to LENA and rewarded to veLENA holders (LENA Vesting). The following list outlines the sources of veLENA rewards: For more information about tokenomics here. Roadmap Lena Network aims to be the go-to permissionless NFT lending and borrowing market for the community. Our extensive roadmap illustrates the plan for us to achieve our target on becoming the marketplace. 2023 Q1Launch of LENA Network testnetStart of LENA Pre-TGE Point Drop (Fair Launch) EventFund raise for Series A of LENA NetworkAnnounce platform prime liquidity provider line-up.2023 Q2Receive Preliminary code audit reportOfficial oracle launch on mainnetGated access to mainnet private alpha launchLaunch of LENA Community Security Bounty ProgramEnable NFT Collateral on bluechip NFT CryptoPunks Bored Ape Yacht Club Mutant Ape Yacht Club Meebits Sandbox LANDETH lending vault goes liveLENA Token Launchpad and IDO details releaseFor more information about Roadmap here. Useful links https://link3.to/lenanetwork https://discord.gg/TXwFRY9y https://twitter.com/LENA_Network https://lena.networkSubscribe

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