Lendefi crypto lending protocol can be primarily based on the brand new Reef chain »CryptoNinjas
Reef Finance, a brand new DeFi Blockchain constructed utilizing the Substrate Framework, as we speak welcomed Lendefi to its rising ecosystem as one of many first mortgage tasks to construct on Reef Chain. The Lendefi protocol facilitates leveraged transactions and secured loans in a trust-free atmosphere.
The mixing of Lendefi into the reef chain will introduce a credit score pool immediately linked to the reef chain. As well as, a bridge can be created to facilitate the conversion of ERC-20 and BEP-20 tokens to REEF-20. Lendefi will remodel the choice making related to its protocol into an interoperable DAO.
Lendefi permits merchants to make use of sub-secured loans for leveraged buying and selling whereas offering lenders with safety and curiosity funds on an hourly foundation. Safety for lenders is supplied by means of the protocol, which triggers a liquidation occasion earlier than the belongings of the mortgage pool are eroded.
“Reef will present the true decentralization that the Lendefi protocol must execute our DAO imaginative and prescient. An alignment of visions kinds the idea of a symbiotic relationship between our applied sciences. “
– Scott Schulz, CEO of Lendefi
Lendefi on Reef Chain
The Lendefi protocol facilitates leveraged buying and selling for digital belongings mixed with secured loans. Debtors will have the ability to determine what leverage they need to entry and select from a lot of tokens accredited to speculate. The protocol, initially designed for Binance Good Chain, is decentralized and affords advantages to lenders and debtors.
By means of shut cooperation and additional improvement of Lendefi’s know-how for the reef ecosystem; alternatives can be created for lenders of digital asset lenders to generate returns from rates of interest. Debtors will have the ability to entry leveraged buying and selling positions by means of Lendefi’s mortgage pool.
Reef Chain relies on the Substrate Framework, which ensures excessive throughput, low safety and transaction charges, in addition to a excessive stage of compliance safety. The Framework Substrate is extremely scalable, future-proof, and might help many DApps concurrently. Additionally it is natively suitable with Polkadot, to simply safe your blockchain and talk with the Polkadot community.
“Lendefi’s modern protocol is the primary of its variety to supply sub-secured loans for digital belongings. The expansion potential on this market is critical and we’re happy to have Lendefi on board Reef Chain. “
– Denko mancheki, CEO of Reef