Lendefi’s innovative protocol is bringing significant opportunities to the markets for leveraged trading of digital assets. Advantages are delivered to both lenders and borrowers within a secure, decentralized protocol.
As Lendefi moves rapidly towards mainnet release on the 12th of July, it is valuable to elaborate on the user experience embodied within our protocol.
There are two parties involved within the Lendefi equation:
Both parties in the equation are secured by Lendefi’s protocol and benefit from the value inherent within leveraged trading…
16 June, 2021
As Lendefi moves into audit, we are pleased to announce that the first major milestone has been achieved along our roadmap towards mainnet launch! The final two milestones are the testnet launch on June 28th and mainnet launch on the Binance Smart Chain, scheduled for July 12th.
The next four weeks are going to be a very exciting time for Lendefi!
Audit & Development
The smart contracts that underpin Lendefi’s protocol were completed and delivered to us by our developers Blockchain Labs Asia (BLABS). The code has now been sent to Lendefi’s auditors for review. …
Lendefi is pleased to announce that the 20,000 LDFI prize pool launched on May 15th has now been concluded. For reference, the article we posted announcing this prize pool can be read here.
The token dispersal for all competition winners has been completed. If you entered our competition and complied with the rules, please check your wallet to see if you have won.
Winners in our competition were drawn using the WheelOfNames.
The transaction details can be found here.
Lendefi extends our congratulations to all winners!
9 June, 2021
We are pleased to provide you with the latest development updates for Lendefi’s protocol.
Our delivery milestones continue to be:
1️⃣ UI Design & Audit: 14 June
2️⃣ Testnet: 28 June
3️⃣ Mainnet: 12 July
Progress remains steady and our major focus is currently on audit delivery.
Advancements have been made in the following three areas:
User Interface Design
Continued iterations of the user interface design have been made to facilitate the integration of a fully-featured margin trading experience. This is an integral aspect of the protocol’s utility and more time has been spent on this development…
The Dharma wallet is a robust Ethereum wallet that provides a number of key services for LDFI token holders. A major value proposition is the ability to easily use fiat currency to purchase LDFI.
In accordance with our last Community Update, it was Lendefi’s intention to release high fidelity wireframe images of the User Interface (UI) on the 31st of May, 2021.
Unfortunately, our developers Blockchain Labs Asia, have been unable to deliver the UI design images to us on time. Although Lendefi regrets the delay, delivery is beyond our control. The delay has been partially precipitated by an upgrade to the protocol’s features. These new features are intrinsic to the Solidity…
Lendefi is looking for a talented developer to join our growing team. Our recent announcement that Lendefi will be adopting the innovative Reef Chain ecosystem requires us to hire a new full-stack developer.
Lendefi is a growing DeFi protocol that will facilitate leveraged trading and secured lending within cryptocurrency markets. Traders are able to access leveraged trading positions and the lending pool is paid interest on an hourly basis for loans. The protocol protects the lending pool’s assets and removes the middleman, creating a trustless relationship between borrower and lender.
The right candidate must have experience in blockchain development and…
26 May, 2021
This has been an interesting week for Lendefi and our community. Our recent announcement that we will be adopting Reef Finance’s ecosystem garnered a lot of attention for Lendefi’s protocol. As an early adopter of Reef, Lendefi believes the decentralized nature of the Reef Chain delivers an ideal platform to achieve our development and deployment goals.
Lendefi is pleased to announce that we will be joining the Reef Finance ecosystem to facilitate the operation and growth of our innovative lending protocol.
As an early adopter of Reef, we believe the decentralized nature of the Reef Chain will provide an ideal platform from which to achieve the development and deployment goals of our protocol. The right partnerships are critical to achieving extraordinary results.
Reef is one of the most exciting projects currently within the DeFi environment. The recent deployment of their Reef Chain Testnet 1 as a Polkadot Substrate Framework, demonstrates Reef’s ability to rapidly deliver its…
Lendefi continues to make rapid progress towards the mainnet release of our protocol. We are pleased to provide this community update as part of our commitment to transparency.
During the last week, the Binance Smart Chain network suffered congestion due to issues on the bridge and the associated fees. The Ethereum-to-BSC bridge has now been upgraded to support dynamic fees and avoid future transaction delays.
Lendefi is moving the public site of its protocol to the domain lendefi.finance. To achieve this, we are actively deprecating traffic to lendefi.io. …
Lendefi is an innovative DeFi platform that delivers leveraged trading via secured undercollateralized loans.