Press Release

Lendefi Community Announcement: An Outline of New Developments and Initiatives

Published

3 years ago

April 2, 2021

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 fees charged for transactions in the network. Mounting transaction fees on Ethereum undermine the ability of DeFi projects built on the blockchain to function efficiently/economically and provide an undercollateralised lending platform to various segments of the market.

BSC offers the most developed and cost-effective DeFi infrastructure outside of the Ethereum network. The chain’s viable costs across varied transaction scales give it the edge over ETH and allow Lendefi to deliver a ‘financially democratic Protocol’ that benefits the community in the long run.

Moving forward, the new enterprise development team will help Lendefi create a more interactive development model in the form of presentations and community voting. This approach will enable the project to tap into the diverse skill sets and industry knowledge within its communities.

DeepDive.Tech and the Lendefi management team are also working on a whitepaper (to be released soon) that outlines how the Lendefi vision is transplanted and built into the BSC ecosystem.

More On the BSC Migration & PancakeSwap Listing

The Lendefi Protocol’s governance token (LDFI) is set to move over to BSC, allowing the community to take immediate advantage of the Binance Chain DEX ecosystem. The BEP-20 governance token will first be available on PancakeSwap, where an LP has already been launched.

The BSC Bridge, which will allow the Tokenholders to convert their ERC-20 to BEP-20 (1 for 1), is almost complete and is scheduled for launch on April 5th 2021.

Lendefi token holders will then be able to use the web dApp to swap their ERC-20 for BEP-20, with only having to pay the transaction fee. They will also need to bridge, which entails locking the LDFI token on one chain (ETH) and then unlocking it on another (BSC).

Migration Rewards For All Token Holders

As an incentive for community members to swap their tokens, Lendefi will be running a two-tier Migration rewards program to reward both legacy and new Token Holders.

The first tier will offer a prize pool of 20,000 LDFI BEP-20, randomly given to new BEP-20 holders that purchase from PancakeSwap.

The second tier of the program seeks to thank existing token holders who migrate LDFI from ERC-20 to BEP-20. These users will receive 10% capped at 100,000 LDFI in total rewards for the program. More details on the migration bonus program will be released soon. Stay tuned!

The Rebranding Effort

The Lendefi management team has opted to take advantage of the imminent chain migration to rebrand Lendefi into something more aligned with the BSC ecosystem.

The team has settled on the Lendefi Lion (LL) to represent the protocol, as it embodies self-sufficiency, pride, determination, leadership, grace and power, attributes that best describe the project. The new Lendefi Lion telegram stickers are available here.

Finally, the team has launched a new website (Lendefi.Finance) in line with the rebranding effort. The website design is minimalistic, easy to use, clean and organized. It also provides all the info stored with reputable 3rd parties and is primarily designed to host the Protocol application.

Other Developments On The Protocol

The team has chosen Gitbook, a 3rd party centralized storage repository for the decentralized protocol, as the Protocol’s Wiki. The Gitbook will hold all relevant project info, links and How To’s for the project; access will be managed by DAO, which will act as the gatekeeper to the storage in the future.

Other developments include the development of a new Staking program that will be released in the coming weeks. This feature will allow BEP-20 Token Holders to Stake their governance tokens and enjoy a lucrative annual percentage yield (APY).

Lendefi has revealed that it will also be migrating its existing liquidity rewards program on Uniswap to Pancakeswap. The initial monthly rewards will be set at 10,000$ worth of LDFI.

Efforts are also underway to list Lendefi on CoinMarketCap and Coingecko. These listings will now be updated with new branding and circulating/total supply API feeds to ensure complete transparency about the token supply on a real-time basis.

What’s more, Lendefi has secured a listing at a reputable centralized global exchange and is in the listing process’s final stages. Since the protocol now supports both ERC-20 and BEP-20 tokens, it will have more listing opportunities!

Help Create and Share Lendefi Content

Coming into April, the project will engage various promotional channels and begin to broadcast all that the Lendefi Protocol has to offer around a range of Telegram channels and other platforms.

The crypto community can also expect more informative articles on project developments and announcements to be posted on Medium, Twitter and Telegram.

If you are interested in creating and sharing Lendefi content, please consider joining the Ambassador’s program or contact the new marketing manager here.

Press Release

Blockchain Life 2024 Thunderstruck in Dubai

Published

15 hours ago

April 24, 2024

Crypto Chain Wire

The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai.

Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the second day of the forum. Needless to say, the atmosphere on the site was indescribable – a very special unity saturated the air.

Throughout the event, the crypto community engaged in insightful discussions, made valuable connections, and struck important deals. Forum stages featured over 160 renowned speakers and industry leaders, including heads and management of Binance, Chainlink, Tron, Bybit, OKX, DFINITY, Ledger, Animoca Brands, Ton, Cardano, Singularity Net, LayerZero, Tether, Ripple, Trust Wallet and more.

The exhibition of crypto companies featured 133 booths, which makes it the largest web3 expo in 2024. Such giants as OKX, HTX, Bybit, Bitget, BingX, Listing.Help, and Uminers presented their services, products and teams. This offered attendees a firsthand look at the latest technologies and innovations shaping the ecosystem.

“This year, we reached a milestone with 10,162 attendees. They know that the current market growth is just the beginning of a real explosion. The next wave is coming, which is why top projects, insiders, and funds gathered at Blockchain Life to finalize their preparations. Now, we are gearing up for a historic bull run that will be remembered for years.” commented the organizer of Blockchain Life, Sergei Khitrov.

As a grand conclusion to the forum, participants were treated to the celebrated Legendary AfterParty at one of the world’s premier clubs. Hours of informal networking with the cream of the industry took place in an all-inclusive format. The highlight of the event was an incredible live concert by the internationally acclaimed hitmaker, Alan Walker. With his chart-topping songs, Alan Walker captivated over 1,400 participants, showcasing the event’s impressive global reach.

Looking ahead, the 13th edition of Blockchain Life is scheduled to be held on October 22-23, 2024, providing participants with an opportunity to highlight their accomplishments and set the groundwork for future success.

Presale tickets and sponsorship applications for the upcoming Blockchain Life event are currently available – please visit https://blockchain-life.com for more information.

The organizers of Blockchain Life 2024 – Listing.Help and Jets.Capital.

General Sponsor of Blockchain Life 2024 and the Official AfterParty – Uminers.

Press Release

Beyond Centralization: Exploring a New Era at the World Blockchain Summit

Published

2 days ago

April 23, 2024

Crypto Chain Wire

The first day of the 29th global edition World Blockchain Summit concluded in Dubai, marked by a surge in enthusiasm for the technology’s future in the MENA region. Hosted at the JW Marriott Hotel Marina, the two-day event brought together industry leaders and innovators, highlighting the seamless integration of blockchain solutions into real-world scenarios.

Despite the challenge due to weather conditions in Dubai, the event attendance was remarkable with its turnout, sparking lively discussions, setting a dynamic course for blockchain’s evolution in the MENA region. True to its reputation, the Summit assembled prominent thinkers and showcased groundbreaking ideas. It provided an unrivaled space for attendees to learn, connect, and forge strategic partnerships.

Day one was marked by rich dialogue, inspiring keynote addresses, and forward-thinking ideas poised to expedite the adoption of crucial blockchain trends across vital economic sectors including finance and supply chain management.

In an inspiring opening address, Naveen Bharadwaj, Trescon’s Group CEO, kicked off the summit with a warm welcome, prepping the audience for an immersive exploration of Web3 and the key issues defining the blockchain world

Wolfgang Grabher, Founder, CEO and Chairman, SUN AG, delivered a keynote on how blockchain technology is revolutionizing the food industry. Addressing how 100 per cent token burn gives you food for free while also shining the spotlight on how falling token prices can be a good thing.

The day also featured a compelling panel discussion on decentralized finance (DeFi), led by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector. The discussion focused on DeFi’s transformative impact on the financial sector and the integration of blockchain technology into its development. Panelists including Neeraj Khandelwal, Co-founder of CoinDCX & Okto; Talal Tabbaa, CEO & Co-Founder of Coin MENA; and Bandar Altunisi, Head of Development for Binance in Saudi Arabia, Head of Institutional Relationships for Binance Dubai (FZE), Binance, explored the synergy between DeFi and traditional finance systems.

A highlight of the day was a lively panel debate titled ‘Crypto Payments Evolution: Charting the Course Through Latest Innovations.’, led by Kevin Soltani, CEO, GIMA group. The discussion focused on the rise of stablecoins while examining the rapid advancements in blockchain interoperability solutions in enabling seamless communication and data transfer between networks. Panelist Jehanzeb Awan, Chairman, Crypto & Blockchain Association, Middle East, Africa & Asia; Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC. Circle; Reece Merrick, Managing Director, Middle East & Africa. Ripple, explored the role of CBDCs in reshaping the future of payments.

“We’re excited to bring together leading blockchain minds for another edition of the World Blockchain Summit, shaping the future of the industry.” said Naveen Bharadwaj, CEO of Trescon, “The Summit showcased Dubai’s role as a breeding ground for innovation, driving global blockchain adoption.”

With Day 1 wrapping up successfully, anticipation builds for what Day 2 will unveil. For more details on the World Blockchain Summit, please visit: https://www.worldblockchainsummit.com/

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus

Co-Host – Sun Minimeal

After Party Sponsor – Floxypay

Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex

Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI, Vision Chain

Lanyard Sponsor- M2

Badge Sponsor – Ledn

Lunch Sponsor – Payper

Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin, Build-AI

Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs, Pentagon Games

Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar, Technoloader, Verichains, Vault, Ecotrader.io, Ideofuzion, NuChain, LCX

Official Accommodation Partner- HotelPlanner

Ecosystem Partner – Entrepreneur Media

Business Broadcast Partner – CNBC Arabia

Official Newspaper Partner- The Fintech Times

Official Digital PR Distribution Partner – ZEX PR Wire

ABM Partner- Demandify

Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

Prime Media Partner- Demandteq

Community Partner – Hyperledger Foundation, THE DIGITAL CHAMBER

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

For media Inquiries or partnerships please get in touch with:

Shadi Dawi

PR & Partnerships Director

shadi@tresconglobal.com

+971 55 498 4989

Press Release

Elevating Possibilities: The Countdown for WBS Dubai Begins!

Published

1 week ago

April 17, 2024

Crypto Chain Wire

Mark your calendars for an unparalleled gathering of blockchain and web3 pioneers as the 29th World Blockchain Summit, organized by Trescon and co-hosted by Sun Minimeal, is set to take the stage in Dubai. Scheduled for April 22-23, 2024, at the iconic JW Marriott Hotel Marina, this summit promises to be a cornerstone event, spotlighting the UAE’s progressive embrace of web3 technology and its vision for a future shaped by digital innovation.

The World Blockchain Summit has established itself as a seminal series, bringing together a global cadre of blockchain enthusiasts, innovators, visionaries, thought leaders, and policymakers. This forum serves as a critical platform for deliberating on the integration and implications of blockchain technology across vital sectors, reflecting the global economy’s evolving digital landscape.

Amidst Dubai’s transition towards a digital-first economy, bolstered by strategic government initiatives and a burgeoning digital infrastructure, the city emerges as a global beacon for blockchain and web3 innovation. The inauguration of the Dubai AI & Web3 Campus by DIFC, coupled with the establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai, underscores the region’s commitment to fostering a dynamic digital ecosystem, attracting investors and innovators worldwide.

The upcoming summit anticipates over 2,000 web3 decision-makers, 300+ investors, and more than 100 distinguished speakers. A highlight of the event is the regional finale of the Startup World Cup, orchestrated by the globally renowned venture capital firm, Pegasus Ventures. This competition offers startups a gateway to global recognition and a shot at securing US$1 million in funding at the global finals in San Francisco.

#WBSDubai will showcase a series of compelling keynote addresses, use-case presentations by leading blockchain experts, and thought-provoking panel discussions. The agenda will cover pivotal topics such as the role of Central Bank Digital Currencies (CBDCs), the potential of blockchain to enhance ESG impacts, and the importance of interoperability within the blockchain ecosystem and more.

Some of the notable speakers attending the event include:

Pascal Gauthier, Chairman & CEO, Ledger
Roham Gharegozlou, Co-founder and CEO, Dapper Labs
George Gvazava, Chief Crypto Officer, Bank of Georgia
Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa CEO of EMURGO Kepple Ventures, EMURGO
Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
Stefan Kimmel, CEO, M2
Richard Muirhead, Managing Partner, Fabric Ventures

Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said,” In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

“As Dubai spearheads the UAE’s digital transformation, blockchain technology plays a central role. Trescon is at the nexus, linking pioneering entrepreneurs with elite global investors. The World Blockchain Summit stands as the definitive forum for revealing the forefront of blockchain innovation and insights,” states Sharath Ravi, CMO, Trescon.

Hurry, registration for the World Blockchain Summit in Dubai is still available! Reserve your spot now to be part of one of the year’s most anticipated blockchain and cryptocurrency gatherings. Act fast to seize this exclusive chance to participate and secure your tickets and sponsorship today!!

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus

Co-Host – Sun Minimeal

After Party Sponsor – Floxypay

Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex

Silver Sponsors- Kreation, Coingames, Reat Capital , ACM Finance , Website AI

Lanyard Sponsor- M2

Badge Sponsor – Ledn

Lunch Sponsor – Payper

Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin

Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs

Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar