We’re excited to announce that Lendvest is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of Web3 by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
Our participation in BUILD furthers our integration with Chainlink, with added benefits of priority support from the Chainlink ecosystem, increased access to DeFi protocols aiming to capture a larger share of Web3 users, and stronger incentive alignment between the Chainlink and Lendvest communities.
We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Lendvest and realize the adoption of a decentralized credit score framework purpose-built for DeFi.
Lendvest: A Decentralized Credit Score for DeFi
Lendvest is a platform that’s powering data for the emerging credit system in DeFi.
Currently, there is no established credit score framework that provides material benefits to crypto users. Lendvest is aggregating on-chain data to create decentralized data feeds to form a verifiable credit score for DeFi protocols. Such a credit system would allow decentralized lending platforms to algorithmically gauge the risk profile of an individual user, resulting in higher risk-adjusted returns for the platform and optimal terms for the user.
In short, Lendvest helps to disincentivize liquidations and grow a sustainable borrowing base for DeFi protocols.
Why We Joined Chainlink BUILD
Lendvest joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Lendvest will receive key benefits, including access to and integration of the ability to fetch data from any API using Chainlink Functions, as well as new Chainlink product alpha and beta releases, among other benefits.”
In exchange for these services, Lendvest 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 excited to join Chainlink BUILD to gain access to industry-leading Web3 services, technical support, and a robust cryptoeconomic model that empowers Lendvest to build a decentralized credit score for DeFi. We look forward to continuing our collaboration together and we welcome the Chainlink community to actively participate in verifying Lendvest’s on-chain credit scores in the near future.” — Joshua Gottlieb, Co-Founder
“We are confident that, with the support of Chainlink BUILD, fellow member projects, and the Chainlink community, Lendvest will expand and become a valuable contributor to both Chainlink and the broader Web3 ecosystem. Lendvest is committed to bringing true transparency to DeFi credit scoring, and we are excited to see what the future holds.” — Faheem Hoosain, Head of Business Development
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 Lendvest
Lendvest is aggregating on-chain lending data to create a verifiable credit score for DeFi protocols. Powered by Chainlink, Lendvest is becoming the most decentralized credit scoring protocol. This credit system would allow decentralized lending platforms to algorithmically gauge the risk profile of an individual user, resulting in higher risk-adjusted returns for the platform and optimal terms for the user.
Website: Lendvest.io
Twitter: @lendvest_io
Telegram: Lendvest
