01
One billion, and that is all
The whole supply exists already. No schedule releases more of it later and no formula expands it when the market is busy.
$EQUILEND TokenomicsPowering the protocol and ecosystem
$EQUILEND is the token of the Equilend protocol on Solana. Holders vote on the parameters the market runs on, and a portion of the fees the protocol earns is used to buy the token back.
$EQUILEND CA6YhSGc…pump
Verified on Solscan. Fixed supply, mint authority revoked.
Supply
The number is settled, and nobody holds the pen.
A token whose supply can grow is a promise that depends on restraint. $EQUILEND removes the question. The supply was fixed when the token was created and its mint authority was revoked, so there is no route to change it.
02
The mint authority is gone
The mint authority on the token was revoked, so a larger supply is not a decision anyone gets to take. You can look up the mint on Solscan and confirm it.
03
Governance cannot mint either
Parameter changes travel through a timelock and are published with their reason. Creating $EQUILEND is not among the things that process is able to do.
Utility
Tied to governance and revenue, not to emissions.
The token has two jobs. It gives holders a say in how the protocol is run, and it ties them to what the protocol earns through buybacks paid for by fees.
01
A vote on the parameters
Tier limits, haircuts, fees and exposure caps are decided by $EQUILEND holders. A proposal that passes goes through the timelock and takes effect with its reason published beside it.
02
Direction of protocol income
Fees pay for audits, the bug bounty and daily operations. How the rest is put to work is a decision holders make together.
03
Buybacks funded by revenue
A portion of the fees the protocol earns buys $EQUILEND back. The money comes from real lending activity, so buybacks grow as the market grows.
04
Guardrails that do not move
Whatever holders decide, three things stay fixed: the timelock, the published reason for each change, and the rule that repayment can never be paused.
Limits
Three things the token will not be used for.
Tokens have been used to rent liquidity, to gate products and to hide thin economics. Equilend is set up so that none of those is available.
01
It does not subsidise rates
Every rate on Equilend is agreed between a borrower and the lenders funding the loan. No yield is topped up with token rewards, so a quoted APR is the APR.
02
It is not a ticket to borrow or lend
Loans are denominated in USDC and secured by tokenized stocks, and fees are collected in USDC. Holding $EQUILEND is not a condition for using the market.
03
It does not hold the protocol up
Equilend earns from four fees charged when real work is done. The market would run on those same fees with or without the token.
Protocol income
Income comes from fees, charged where work is done.
Four fees are live and a fifth is on the roadmap. Each is a published parameter, collected in USDC at the moment value changes hands, and none is hidden inside a quoted rate.
Origination
0.25% of principal
Paid by: Borrower
Interest share
10% of interest paid
Paid by: Lender, taken from the payout
Rollover
0.10% of principal
Paid by: Borrower
Liquidation penalty
3 points: one to the keeper, two shared by lenders and the protocol
Paid by: Borrower in default
Parked capital yield share
5% of yield, on the roadmap
Paid by: Lender
That income funds audits, the bug bounty and the running of the service, and a portion of it buys $EQUILEND back.
Take part
Hold the token. Help steer the market.
$EQUILEND holders set the parameters the market runs on and share in its growth through buybacks. The mint can be checked on Solscan and every fee is public. Nothing here is investment advice.