LendefiLDFI
$0.000709
Market/Exchange
LDFI Price Prediction and Price Movement
LDFI has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that LDFI's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if LDFI is backed by a solid development team and whether LDFI's technology has any potential to grow.
Please note that this analysis is purely base on LDFI's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Lendefi Price Chart
About Lendefi
The Decentralized Finance (“DeFi”) ecosystem has grown exponentially over the past year and has started to unlock the true potential of the crypto markets to replace legacy markets that were built for another age that has now passed its use-by date. The potential is for DeFi to replace almost all financial services known today, such as savings, insurance, trading, and loans. DeFi can shift to almost all services offered by financial institutions, including lending and borrowing. It’s exciting to see the innovation happening in DeFi with multiple major platforms like Compound and AAVE paving the way for the adoption of crypto lending and borrowing. However, the problem with these current protocols is they have only tapped a portion of the market given that loans are over collateralized. This limits the borrowing potential for secured lending. While there has been a lot of innovation happening in the undercollateralized lending space, Undercollateralized Loans (“UCLs”) are yet to mature as current lending approaches are unsecured. Unsecured lending has been keeping the majority of lenders on the sidelines.
On the other hand, the interest people receive in the traditional bank system is nearly zero and even going negative in multiple countries. You will have to pay the bank to hold your money. This is leaving people little to no secure lending options where they can earn attractive interest on their money. While it is easy for anyone to borrow money from the bank to buy assets like cars and houses, there is no lending option available for the borrowers to invest in crypto assets. This major gap in the market remains untapped and we at Lendefi are bridging this gap in the market.
Introducing Lendefi, an innovative DeFi protocol that allows lenders to securely lend their stable coins and earn interest. Borrowers can access UCLs to invest in crypto-assets and grow their portfolios.
VALUE PROPOSITION
Attractive interest rates
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 nonexistent and in the future is likely to go negative, meaning banks will charge interest to hold money.
Access to capital for crypto assets
Crypto assets do not enjoy access to capital markets, for borrowing and lending, compared to other assets like real estate or shares in companies.
No Middle Man
The Lendefi protocol cuts the middle man out of the process, removing all of the red tape involved with lending and borrowing. This removes any counterparty risk between the borrower and lender, who then can deal on a trustless basis.
LENDEFI FEATURES
Completely decentralized
Lendefi is a completely decentralized finance protocol operating on smart contracts. This allows the platform to be highly secure and trustless.
Undercollateralized Loans
Lendefi allows users to get UCLs for buying crypto assets. The assets are bought directly from the Lendefi protocol through decentralized liquidity pools like Uniswap.
Secured lending
Lendefi allows secured lending, giving much-needed confidence to the lenders in a highly volatile crypto market. Secured lending will open up opportunities for traditional lenders to access higher interest rates without getting direct exposure to market fluctuations.
Decentralized governance
The Lendefi protocol will be controlled by the community who can participate in the governance of the protocol. Lendefi governance via a Decentralized Autonomous Organization (“DAO”) will allow the active participation of token holders in the governance of the protocol.
Multiple asset support
Borrowers can select from a wide variety of supported assets to invest in by borrowing funds from the Lendefi protocol. Supported assets can be added and removed from the protocol using the Lendefi governance DAO.