Lendefi Community Announcement: An Outline of New Developments and Initiatives

The Lendefi Protocol introduces secured lending to give lenders much-needed confidence in a highly volatile crypto market.The project offers traditional and private lenders access to higher interest rates while shielding them from crypto market fluctuations. It also provides secure lending opportunities by eliminating any counterparty risk between the lender and borrower.Lendefi works by guaranteeing lenders a variable interest secured by the liquidity provided on the decentralised finance (DeFi) ecosystem in top protocols such as Uniswap and PancakeSwap. On the other hand, borrowers benefit from a wide variety of supported digital assets to invest in by borrowing funds from the Protocol.The Alpha Version of the Lendefi Protocol is Complete!The Lendefi Protocol is proud to announce the integration of new developments and initiatives geared toward adding value to the project.For starters, the project has completed the development of the Alpha version of its Protocol as per the timeline provided on the Lendefi roadmap (i.e. by the end of Q1, 2021). The Alpha, a fork of Compound that integrates a custom borrowing component to facilitate undercollateralized lending, is now available on GitHub.The project has engaged a new enterprise development team (DeepDive.Tech) to take the Lendefi Protocol from its current Alpha version to a much superior level.Deepdive.Tech has a strong track record of building smart, intuitive, complex blockchain solutions. They tap the latest technologies and industrial-grade practices to rapidly incorporate new ideas into their solutions, aided by their vast private legacy repository of blockchain and API solutions.The Lendefi team will work closely with their new counterparts to deliver an Enterprise Grade solution built on the Binance Smart Chain (BSC). The decision not to deploy this Alpha version on the BSC blockchain stems from discussions between the dev teams, a ground up build.A resolution was made to shift from ETH due to the high gas…