CroLend is a decentralized lending protocol on Cronos. It's CroLend's purpose to offer a better solution for the people in need to lend and borrow with efficiency, moreover help to creat a transparent, decentralized trading market. Users can lend their digital assets to CroLend protocol and immediately begin earning passive interest. The interest rates will be variable, and will fluctuate due to the utilization rate. Users can also borrow through their supplied assets on CroLend. All positions must be over-collateralized. If the value of a user's collateral drops below the minimum collateral ratio, their collateral will be liquidated to pay off their debt.

CRD is the native governance token of CroLend. The majority of the token supply will be distributed to active CroLend users and community members.