Introducing Lendefi Finance

Undercollateralized secured loans on Binance Smart Chain

The Lendefi protocol (the “Protocol”) allows secured lending, giving the much-needed confidence to the lenders in a highly volatile crypto market.

Lendefi protocol cuts the middle-man out of the lending process and eliminates the red tape involved with the lending and borrowing. This removes any counter-party risk between the borrower and the lender, who then can deal on a trustless basis.

The lender will receive a variable interest rate and be secured by the liquidity provided on the DeFi ecosystem in such protocols as Pancakeswap . Hence, if the borrower is not able to maintain their loan, the Protocol will ensure the lender is repaid and the borrower credited with the remaining equity.

Borrowers can select from a wide variety of supported assets to invest by borrowing funds from the Protocol. Supported assets can be added and removed via Lendefi’s decentralized governance mechanism (the “DAO”).

The base currency for lending and borrowing is BUSD, which undergoes regular audits and is subject to regulatory compliance.