Lendefi Announces Integration With Dharma Wallet
Robust fiat on/off ramps for LDFI tokens.
The Dharma wallet is a robust Ethereum wallet that provides a number of key services for LDFI token holders. A major value proposition is the ability to easily use fiat currency to purchase LDFI.
Darma provides many of the services delivered by traditional banks but does not take possession of your digital assets. Dharma wallet is available on both iOS and Android and is powered by dharmaOS which connects any Ethereum protocol to robust fiat on/off ramps, delivering a seamless mobile experience.
The Dharma wallet also enables users to supply their crypto-assets to lending pools such as Aave, Compound, and Yearn to earn interest.
Dharma offers some key value propositions including:
Deposit To Dharma Directly From Your Bank Account
US-based customers can now deposit fiat directly into their Dharma wallet from their US-based bank account.
Withdraw Directly To Your Bank Account
The Dharma wallet allows US-based users in all 50 states to withdraw their crypto into a fiat bank account. Withdrawals are free and take 5–7 business days to settle. There is no limit to the amount that can be withdrawn.
How To Use Dharma Wallet With LDFI Tokens
Getting started on Dharma wallet is easy.
Step 2: Create an account.
Step 3: Connect your Dharma account to your bank account.
Step 4: Once you’ve linked a bank account to your Dharma wallet you can use it to directly purchase Lendefi’s native LDFI tokens.
For further information about the services offered by Dharma wallet please visit their website.
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.