# Introduction

### What is Lendr

[Lendr](https://docs.lendr.finance/www.lendr.finance) is a decentralized reserve currency protocol built on the [<mark style="color:blue;">Polygon</mark>](https://polygon.technology/) Network. The protocol is based on the **Lendr** token. Each **Lendr** token is backed by a basket of assets (Dai, Matic, Bitcoin and Ethereum) in the Lendr treasury, giving it an intrinsic value that cannot fall below a certain amount. **Lendr** also introduces economics' and **gamifies** staking and minting through daily and weekly quests, that in return yields Efflux points that can be used to craft limited edition NFT's.

### What is the point of Lendr?

Our goal is to provide a self dependent platform that gives everyone access to the basics in a decentralized environment all powered by smart contracts on the Polygon Network.&#x20;

### How do I participate in Lendr?

There are three main strategies for market participants: [staking](/using-polygonscan/stake-your-lendr-3-3.md), [minting ](/using-lendr-app/mint-lendr-1-1.md)and farming [XP/Efflux](/using-lendr-app/rewards.md). Stakers stake their **Lendr** tokens in return for more **Lendr** tokens, while minters provide Dai, wEth, wBTC tokens in exchange for discounted **Lendr** tokens after a fixed vesting period. XP farming can be done by completing daily and weekly quests. Save up XP to buy NFT's.

### How can I benefit from Lendr

The main benefit for stakers comes from supply growth. The protocol mints new **Lendr** tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.

The main benefit for minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in **Lendr** tokens and thus the minter's profit would depend on **Lendr** price when the minted Lendr matures. Taking this into consideration, minters benefit from a rising or static price for the **Lendr** token!

### Who created and runs Lendr

The Lendr smart contracts are a fork of [Olympus](https://www.olympusdao.finance/) but they are running on the Polygon chain. Everything else is coded from scratch by our small team with a huge interest in web3. We aim to become a DAO where our community will decide future functionality, quests, NFT themes and everything else.


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