Lenfi, a decentralized lending protocol on Cardano, today announced the official launch date of February 22nd for Lenfi V2, its pooled lending and borrowing platform. The announcement comes after extensive testing on the Cardano testnet and rigorous smart contract audits by AnastasiaLabs and TxPipe.
Starting a new chapter in Cardano DeFi
Lenfi V2 introduces a novel approach to lending and borrowing on Cardano through isolated pool markets in which users can create and own pools in a permissionless manner while leveraging the power of tokenized debt in the form of NFT bonds. The V2 platform showcases Cardano’s ability to facilitate complex DeFi applications with its robust smart contract capabilities and native multi-asset support.
“We’re thrilled to showcase a new approach to lending and borrowing on Cardano that gives more control and flexibility to users,” said Mantas Andriuska, Founder of Lenfi. “With V2, we’ve created an open platform where anyone can create and own a lending pool, become a batcher or liquidator, or simply take advantage of the wide range of Cardano native assets for lending and borrowing.”
Key features of Lenfi V2 include:
- Permissionless pool creation and ownership: Anyone can open a lending pool and become a Pool Manager. This fosters an open pool market in which owners can delegate the unused ADA (if used as collateral by the pool) to a stake pool of their choice, increasing the rewards for suppliers. Additionally, the Pool Manager NFT can be traded as a commodity.
- Tokenized debt bonds: Borrowers receive bonds, transferable and tradable non-fungible tokens (NFTs) that represent the obligation to repay a loan.
- Native multi-asset support: The platform facilitates lending and borrowing of ADA and other native tokens and stablecoins.
- Open liquidations: The protocol embraces open liquidations, enabling every user to become a liquidator, a community-centric approach ensuring proper risk management of undercollateralized loans. The method brings another use case for users looking for low-risk yield.
- Decentralized governance: The Lenfi DAO has control over the DAO treasury and adjustable protocol parameters like whitelisting assets and protocol fees.
Lenfi V2 establishes a benchmark for what’s possible with DeFi on Cardano. The team will continue improving the protocol based on community feedback and governance participation. For more details, visit lenfi.io.
About Lenfi
Lenfi is a decentralized lending protocol providing an all-in-one solution for pooled and peer-to-peer lending and borrowing on the Cardano blockchain. Apart from the traditional p2p mechanics, the protocol introduces a novel isolated pool lending leveraging Cardano’s eUTxO model.
Some of Lenfi’s V2 features include permissionless pools and pool ownership, tokenized debt bonds and various Cardano native assets available for lending and borrowing. The platform combines its innovative approach with rigorous audits from AnastasiaLabs and TxPipe, added with a Bug Bounty Program to ensure optimal protocol safety.
Website: https://lenfi.io/
Twitter: https://twitter.com/LenfiOfficial
Telegram: https://t.me/lenficommunity
Media Contact: t.me/armonas4