DeFi Lending and Stablecoin Protocol Lendexe Joins Chainlink BUILD
We’re excited to announce that LendeXe is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate the growth of our ecosystem and the long-term adoption of undercollateralized cross-chain loans supported by enhanced access to Chainlink’s industry-leading oracle services and technical support in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
LendeXe has long been a believer in Chainlink and an active participant in the Chainlink ecosystem, with a past integration of Chainlink Price Feeds to help accurately calculate borrowing limits, liquidation thresholds, and other mission-critical functions needed within the LendeXe Finance ecosystem. Our participation in BUILD furthers our integration with Chainlink, with added benefits of priority support from the Chainlink ecosystem and stronger incentive alignment between the Chainlink and LendeXe communities
We’re confident that through enhanced support, increased access to secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of LendeXe and realize the adoption of borderless cross-chain DeFi applications.
LendeXe: Building a Cross-Chain DeFi Ecosystem
The LendeXe Finance protocol is pioneering a lending model that challenges conventional loan frameworks. This paradigm shift not only redefines traditional loan logic, but lays down a blueprint that aims to elevate the lending and stablecoin realms in the decentralized finance sector, pushing the boundaries towards a better ecosystem.
Specifically, LendeXe aims to build an automated cross-chain DeFi ecosystem supercharged by next-generation Chainlink services such as CCIP. Cross-chain helps a wide range of users to access LendeXe, regardless of their preferred network. This ultimately creates a more liquid and connected LendeXe ecosystem, where collateral and liquidations can be inputted from any network.
Together, we forge the next milestone of DeFi self-determination. At LendeXe transform DeFi lending through collective power and spirit of innovation. Your capital, your loan, your progress — through LendeXe stablecoin infrastructure and lending experience, you can navigate you safely through the DeFi realm.
Why We Joined Chainlink BUILD
Lendexe joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Lendexe will receive key benefits, including access to and integration of CCIP for cross-chain application development, Data Feeds to access high-quality, decentralized price data, and Chainlink Functions for seamless connectivity to offchain data and trust-minimized computation.
In exchange for these services, Lendexe will make 4% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re thrilled to be a part of the Chainlink BUILD program. Chainlink oracles and CCIP provide the key infrastructure necessary for us to achieve our vision of creating a fair, transparent, and ethical financial system.” — LendeXe Team
About Chainlink
Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Lendexe
LendeXe orchestrates a new epoch of decentralized finance by infusing traditional lending with a user-centric approach, fortified by the integration of Chainlink Cross-Chain Interoperability Protocol (CCIP). We are establishing a collaborative framework that champions collective engagement in liquidity and loan mechanisms, driving a fair, transparent, and ethical financial concept for the global community. Through innovative lending models like the Undercollateralized LendeXe Loan (ULL) facilitated by the XSD Equilibrator Hub, LendeXe is not only enhancing the DeFi lending and stablecoin landscape but also empowering individuals to partake in an inclusive economic ecosystem seamlessly.
Learn more about LendeXe by visiting lendexe.fi or reading the paper.
To ask for collaboration or want to join our journey, start here: LendeXe
