Securely lend stable coins and earn interest.
Crypto assets do not enjoy the access to capital markets, for borrowing and lending, compared to the other assets like real estate or shares in companies. Undercollateralized loans open up whole new possibilities for access to capital for crypto investments.
Lendefi allows lenders to earn an attractive interest rate by lending stable coins through Lendefi Protocol. The interest paid by banks on savings or term deposit is virtually non existent and in the future is likely to go negative, meaning banks will charge interest to hold money.
Lendefi protocol cuts the middle man out of the lending process and removes all the red tape involved with the lending and borrowing. This removes any counterparty risk between the borrower and the lender, who then can deal on a trustless protocol.
Lendefi is a win-win for both borrowers and lenders as it is built completely on a trustless and secure system. Both parties can enjoy the benefits of a true DeFi system without worrying about middle-men, red tape and counterparty risks.
Lender lends the acceptable stable coins to the Lendefi smart contract (the “Contract”).
Borrower deposits stable coins to the Contract and invests in one of the listed tokens including but not limited to WBTC and ETH.
When the asset is sold, the lender’s principal is returned to the lender and the balance remains with the borrower.
Lendefi is a completely decentralized finance protocol operating on smart contracts. This allows the platform to be highly secure and trustless.
Users can get Undercollateralized Loans for buying crypto assets. The assets are bought directly through decentralised liquidity pools like Uniswap.
Lendefi allows secured lending giving the much needed confidence to the lenders in a highly volatile crypto market.
The Protocol will be controlled by the community who can participate in the governance of the protocol through Lendefi DAO.
Select from a wide variety of supported assets added to Lendefi protocol using Lendefi governance DAO.
The fees generated on the Lendefi protocol will be partly used for token buybacks for token burns and staking rewards.
LDFI is the native token of the Lendefi protocol (the “Protocol”).
LDFI is a governance token which controls the interest rate model, inclusion of supported assets, reward distribution and other terms and conditions and any changes of the Protocol.
The Protocol is governed by the Lendefi DAO governance, whereby any address holding over 1% of the tokens or voting right delegated to that address by over 1% of total supply can create proposals and the changes can be made to the Protocol via voting on the DAO.
Our Dogon Sirius Limited team comprises of seasoned professionals with extensive experience in finance, technology, marketing, project management and all the other skills and capabilities necessary to execute a successful blockchain project.