Chainsulting assumes development of BSC-based lending protocol Lendefi

Lendefi, an undercollateralized lending protocol built on the Binance Smart Chain, announced that it has signed an agreement with Chainsulting to manage and develop the Lendefi protocol starting August 1st.

Recently, Lendefi launched its testnet for public utilization of the platform and is moving swiftly towards its mainnet launch on the Binance Smart Chain.

During this critical roadmap stage, Lenefi decided to engage Chainsulting as its new technology partner. Specifically, Chainsulting will oversee the mainnet deployment; ensuring that best security practices are followed for the protection of the Lendefi protocol. Chainsulting will be providing support and maintenance of Lendefi’s protocol in the runup to the mainnet launch and beyond.

Lendefi + Chainsulting

Chainsulting is a German company specializing in distributed ledger technology (DLT) and digital assets. The company was founded in 2017 by its managing directors Florian Protschka and Yannik Heinze. Services include development, consulting, security audits, and research within the blockchain space.

Previous clients of Chainsulting have included 1inch, Unicrypt, and DIA. The company’s track record spans 4 years and over 150 clients.

“We’re pleased to have engaged Chainsulting for Lendefi’s future development and protocol management. I believe they have the experience, expertise and security knowledge to take Lenedefi to mainnet and completion of the roadmap.”
– Scott Schulz, CEO of Lendefi

Expected to be complete within the next few weeks…switching development of Lendefi’s protocol from BLABS to Chainsulting is now underway.

“Chainsulting is excited to be working with Lendefi to bring them towards mainnet and beyond.”
– Yannik Heinze, Development Executive at Chainsulting

The Lendefi protocol aims to deliver leveraged trading and secured lending for cryptocurrency markets. Utilizing an undercollateralized loan model, Lendefi facilitates a trustless relationship between lender and borrower, all managed by the protocol to remove counterparty risk.