Community Update

Lendefi Protocol
Sep 15 · 3 min read

15 September 2021

Lendefi is proud to announce that from August 1st 2021, our Canary mainnet was released onto the Binance Smart Chain (BSC). The Canary mainnet release has since been open for public viewing and final user testing. This has assisted Lendefi in concluding documentation, prior to our final public mainnet release.

Lendefi has deployed a temporary version of our website, while currently in the process of releasing an updated website, to incorporate community feedback.

Blockchain Labs Asia (BLABS) have concluded their role in the project and Lendefi has engaged an independent team to facilitate the handover, testing, documentation and deployment of the mainnet.

Chainsulting as already announced will take over support and maintenance of the Lendefi protocol post mainnet release. Lendefi’s protocol audit has been positively concluded and will be publicly released to coincide with the mainet launch.

Lendefi’s farming, staking and referral features are currently in development to ensure the greatest rewards for LDFI token holders.

Here is a sneak peak of the coming staking and farming UI.

Lendefi upcoming staking (dark)
Lendefi upcoming staking (light)

The Lendefi team is in the process of generating media that guides users through protocol use. This media will include tutorial videos and relevant documents to assist users in best practices.

During this phase of growth, Lendefi’s marketing will pivot to focus on more engaging educational media along with user generated content. An updated whitepaper and roadmap will shortly be released to the public.

To shepherd Lendefi through the next phase of protocol development, we have implemented an R&D program that actively assesses multi-chain solutions such as Solana, Serum and NeonLabs.
Lendefi is currently engaged in dialogue with Neon Labs who deliver the EVM layer for Solana.

Lendefi is having ongoing discussions with a number of centralized exchanges (CEX). The recently upgraded reflection reward capabilities of the Lendefi’s native LDFI token, now requires more in depth discussions which are underway.

Lendefi’s CFO David Vincent is stepping down due to commitments beyond the organization. The CFO role will be subsumed by Lendefi’s CEO Scott Schulz and the management team.

The Lendefi protocol will deliver leveraged trading and secured lending to cryptocurrency markets. Utilizing an undercollateralized loan model, Lendefi facilitates a trustless relationship between lender and borrower, managed by the protocol to remove counterparty risk.

For further information please join our global Telegram group, visit our website, join our Twitter feed or inspect our GitBook documentation.

Lendefi

Leveraged trading via secured undercollateralized loans.