LendeXe Integrates Chainlink Price Feeds to Help Power Secure DeFi Functionality

Our initial integration involves the use of several different Chainlink Price Feeds, including BTC/USD, ETH/USD, and more. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

LendeXe Finance is a holistic liquidity ecosystem that starts with one of the most widely adopted products in Web3 — stablecoins. The LendeXe Finance ecosystem primarily revolves around two decentralized stablecoins, XSD and LXD, alongside a lending and borrowing protocol. XSD is secure because it is backed by USDT, USDC and BUSD and has mechanics that can absorb a crash of one of these stablecoins. The goal of all LendeXe products is to provide users with top-notch security while unlocking liquidity through three main levers:

• Dynamic lending — lend a range of digital assets to access interest, or borrow up to a predefined threshold for various digital assets.
• Ultimate Loan (UL) — Add in LEXE as collateral to garner XSD as debt.
• Interest-Free Loan (IFL) — Add in BTC, ETH, or BNB as collateral to garner LXD as debt.

In order to help accurately calculate borrowing limits, liquidation thresholds, and other mission-critical functions needed within the LendeXe Finance ecosystem such as informing the XSD Stabilizer, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
• Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

“Without access to robust and reliable price data feeds, it’s impossible to build secure, feature-rich DeFi functionality. That’s why we chose to use Chainlink Price Feeds — the undisputed industry standard price oracle solution in DeFi.” LendeXe Finance team.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, 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 Finance

LendeXe is a Web3 ecosystem with several innovative DeFi applications. The past has shown that many Stablecoins are not really stable. This was mainly due to the fact that various Stablecoins were backed by volatile tokens. At the center of LendeXe’s vision is the XSD Stablecoin. XSD is a secure Stablecoin because it is backed by three of the other largest Stablecoins: USDT, USDC, BUSD. XSD also features built-in safety mechanics to help prevent issues if USDT, USDC, or BUSD, go offpeg. XSD’s Stabilizer will have at least 10 stablecoins in total by the end of 2023 Q4 in order to be able to scale to the maximum in favor of the XSD users.

That’s why LendeXe offers users several ways to mint XSD Stablecoins. In addition, XSD can be used as collateral for the LendeXe Decentralized Lending Protocol and also in the Ultimate Loan (a loan for 1.5x the value of your collateral), and the upcoming Interest Free loan (IFL).

Learn more about LendeXe Finance by visiting our website www.lendexe.fi There you will also find our whitepater (https://www.lendexe.fi/learn/whitepaper/). Up-to-date information about LendeXe is available on Twitter (https://twitter.com/lendexefinance) or our telegram group (https://t.me/LendexeFinance).

Disclaimer

The ownership of LEXE tokens does not represent any participation in LendeXe nor any rights of payment, remuneration, profit distribution or money reward of any kind. This document has been prepared in good faith to provide a comprehensive overview of the LendeXe and LEXE token sale or crowdsale and is for information purposes only.

With the development of the LendeXe platform, protocol and/or any mobile applications may be amended in the following. Please also note that LendeXe project and/or protocol itself may be redesigned or otherwise revised in future, if that would be required for any material reasons (including, but not limited to: commercial considerations, technical possibilities, or the need to ensure compliance with any (existing or future) applicable laws and regulations, or any other material reasons). LEXE tokens are not intended to constitute securities in any jurisdiction.

This document does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction. The contents of this document are not a financial promotion. Therefore, none of the contents of this document serves as an invitation or inducement to engage in any sort of investment activity.

U.S. Persons, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), are prohibited from accessing this document and the LendeXe website. Nothing in this document or LendeXe website shall be deemed to constitute an offer, offer to sell, or the solicitation of an offer to buy, any securities in any U.S. jurisdiction. Each person accessing this document or LendeXe website will be deemed to have understood and agreed that: (1) he is not a U.S. citizen and he is located outside of the U.S.; (2) any securities described herein have not been and will not be registered under the U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws.

Do not contribute any money that you can’t afford to lose in the LEXE token sale. Make sure you read and understand this document and any TERMS AND CONDITIONS FOR PARTICIPATING IN THE LEXE TOKEN SALE (including all warnings regarding possible token value, technical, regulatory and any other risks; as well as all disclaimers contained therein), as will be published on our website www.lendexe.fi (as they may be amended from time to time).

Should you have any questions regarding the LendeXe Project, LEXE token, the contents of this document or the sale of LEXE tokens, please, do not hesitate to contact us via info@lendexe.fi or in our Discord.