Lendefi Community Update
26 May, 2021
This has been an interesting week for Lendefi and our community. Our recent announcement that we will be adopting Reef Finance’s ecosystem garnered a lot of attention for Lendefi’s protocol. As an early adopter of Reef, Lendefi believes the decentralized nature of the Reef Chain delivers an ideal platform to achieve our development and deployment goals.
Reef’s vision for a decentralized network based upon independent nodes is aligned with our vision for a lending protocol based as a DAO. As part of the alignment, we will be leveraging the Reef Chain Developer Support Program for technical support, partnerships and marketing channels.
This week the Lendefi team attended the AIBC world summit in Dubai. We were successful in our goal to network and further our strategic partnerships within the DeFi arena.
Lendefi’s infrastructure development continues smoothly. The development team has been focused on two separate aspects of the technology stack. They are currently working on the interface design and the development of our Solidity contracts. We are diligently working to meet our delivery milestones and remain on track to achieve them in accordance with our previous update on the 19th of May, 2021.
The two noteworthy aspects of our protocol development this week have been:
User Interface Design
Work on integration of the community-voted branding for our web app is progressing well. We are currently building this design into a Figma wireframe. Our aim is to release this as a prototype during the 4th week of this month.
Protocol Solidity Contracts
Our development team has identified a new set of high-quality open-source Solidity contracts which provide powerful scaffolding upon which to build Lendefi specific features. The work over the previous week has been adapted to utilize this new toolset. Although this structure does not necessarily accelerate our time frame for protocol development, it should allow the integration of additional feature sets that were not planned for the initial release. Further details will be provided to the community as work progresses.
The Lendefi development milestones remain unchanged.
User Interface: User Interface design shared with the community for feedback - 31 May 2021
Audit: Start the audit of the protocol - 14 June 2021
Testnet: Live platform on BSC Testnet - 28 June 2021
Mainnet: Live platform on BSC Mainnet- 12 July 2021
We appreciate the continued support of our community and are excited about our rapidly approaching releases. Our community updates will continue to disseminate important information as development progresses.
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.
For further information please join our global Telegram group, visit our website, join our Twitter feed or inspect our Gitbook documentation.
