Lendefi announces the engagement of Blockchain Labs Asia as lead developers for the Lendefi protocol. After a week of collaboration and handover, Blockchain Labs Asia is now expediting the delivery of the Lendefi protocol.
Lendefi recently ran a poll to determine the community’s sentiment towards the development of Lendefi’s protocol. The poll asked if the community prioritized a swifter, agile approach to development, or a slower approach, based on waterfall methodology.
The results identified that a significant majority of the Lendefi community desired a swift, agile approach. The final results were 84.4% in favour of an agile methodology, bringing the protocol swiftly to market.
“Our priority is to bring a robust Lendefi protocol swiftly to market, for the benefit of our token holders. We were pleased to see the results of our poll showed a significant majority of our community shared this perspective. We believe that Blockchain Labs Asia is well-positioned to achieve these goals. Once the initial protocol is live, we will continue to add functionality while exploring cross-chain deployments.” said Scott Schulz, Lendefi CEO.
The Lendefi management team has incorporated the community’s feedback into the protocol roadmap to utilize a swift, agile development methodology. Lendefi’s development will no longer be led by Deepdive Tech.
After assessing the marketplace for a lead developer capable of implementing an agile methodology, Lendefi engaged Blockchain Labs Asia to undertake the development. The Lendefi management believes the team at Blockchain Labs Asia has the experience and skills necessary to develop a robust protocol for Lendefi while adhering to an agile timeframe. The new timeframe for the development of Lendefi’s protocol is faster than previously planned with Deepdive Tech.
Eli Weir, CEO of Blockchain Labs Asia said, “We are excited to be stepping into the role of lead developer for Lendefi’s innovative new protocol. Lendefi will provide a valuable service to facilitate growth within the emerging DeFi landscape. Blockchain Labs Asia is confident to undertake the challenge of achieving the agile timeframe that Lendefi’s community has requested.”
Protocol development will now happen in a swift agile manner and updates will be shared with the community as they happen.
Stay tuned for updates!
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.