Community Update

July 21, 2021

3, 2, 1… Testnet Launch!

Lendefi is proud to announce, we will imminently open our testnet to the public. We have been working closely with our developers Blockchain Labs Asia (BLABS) to expedite this milestone.

Lendefi’s management expects our public testnet to open within the next week!

Although the Lendefi protocol experienced delays due to our lead developers BLABS, we have been working closely with them to expedite the testnet delivery. Our drive towards testnet launch has been tempered with the view that security is the highest priority of Lendefi’s protocol.

The Lendefi management team has recently undertaken significant internal stress testing of the protocol on the Binance Smart Chain testnet. We are confident it has reached a stage of maturity that enables us to release it for public testing.

The process for volunteer testing registration will be released to the community within the next week. The engagement of our community with the testnet process will provide valuable input towards Lendefi’s development process.

Lendefi is looking forward to receiving feedback from our community on the protocol’s testnet.

The Lendefi protocol will deliver leveraged trading and secured lending for 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.