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This project has been archived by Cardano Cube. A project will be archived when the direct link to their website or social media accounts are broken or if there is too little online activity from the project to still be listed. If you're the owner of this project. You can re-verify your project by contacting us.
We advise you to be cautious and 'do your own research' before interacting with this project. Flagged projects are labelled based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
We advise you to 'do your own research' before interacting with this project. This notification is shown based on claims by community members contacting Cardano Cube. If you're the owner of this project. You can verify your project by contacting us.
DeFi lending protocol built on top of powerful and safe Cardano smart contracts.
Simply put – Lenfi is crypto assets lending platform. Smart contract allows to deposit assets and collect interests or borrow assets and perform financial actions.
Lenfi is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. There is a wide variety of cryptocurrencies to choose from. With addition of Cardano ERC20 converter, Lenfi will bring must-have functionality to DeFi ecosystem.
Cardano ERC20 converter will bring massive asset amounts into the cheaper-to-transact Cardano blockchain. The converter will allow issuing organizations and their users to handle ERC20 token migration to Cardano. Users can convert their Ethereum tokens in just a few clicks, and when moved across, these tokens will be ‘translated’ into a special native token on Cardano that has the same value and works just like an ERC20.
Using pooled lending mechanism we are able to make lending easier and more available. Pooled assets make it easier to borrow and pooled assets can be used for other functions such as Flash Loan.
Lenfi is first of its kind DeFi lending protocol on Cardano. Using Lenfi you can:
With extremely low transaction fees and the most valuable financial functionality – lending, Lenfi is expected to attract large user adoption and token holders.
