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The Lendefi Protocol Launches Its Public Testnet For Community Testing

Published

5 years ago

on

Lendefi is an innovative DeFi protocol that is emerging as a strong new entrant within the sector. The protocol delivers leveraged trading via secured undercollateralized loans and funds are protected through asset escrow within the protocol. Lendefi cuts the middleman out of the lending equation and eliminates counterparty risk between the borrower and lender through trustless transactions. 

Lendefi’s Testnet Is Open For User Acceptance Testing

Lendefi’s team has been working hard over the last few weeks to expedite the release of their testnet. In preparation for the testnet launch, Lendefi provided their community with the opportunity to register for participation in the testing process.

Lendefi has now enrolled the first wave of testers and is pleased to announce that their public testnet is open. Enrolled testers are currently utilizing the testnet and stress testing the protocol for vulnerabilities within the codebase. Lendefi has implemented a feedback loop into the testing process which provides testers with an opportunity to provide input to the team. The intense testing process is a significant stepping stone toward the mainnet launch of  Lendefi’s protocol on the Binance Smart Chain (BSC). 

Testers were chosen from within the Lendefi community, where significant interest was expressed to join the testnet process. Due to the volume of responses from Lendefi’s community, not all volunteers could be given the opportunity to participate in the code review. A small group of testers from the registrants were chosen as the first wave.

Lendefi intends to share feedback from the testnet users with their community. Screenshots, videos and User Acceptance Testing feedback may be shared. This will allow the wider community to provide input which can be used to refine the Lendefi protocol. 

A Detailed Look at Lendefi’s Testnet

Lendefi launched their testnet after initial development by Blockchain Labs Asia and the integration of third party audit recommendations. This was followed by an internal review and bug fixes within the code. The launch of the testnet ensures that Lendefi’s community can contribute to delivering a robust and attractive protocol.

Testers will conduct stress testing to observe how the code reacts during various scenarios. Test versions of real tokens will be utilized during the testing process to simulate trading transactions. These test tokens do not hold value but provide the same functionality as authentic tokens. The testing process plays a vital role in uncovering weaknesses within the protocol which could lead to inefficiencies or exploits when the protocol launches onto the BSC mainnet. 

The launching of Lendefi’s public testnet has allowed the team to gauge how testers respond to the protocol and initiate the User Acceptance Testing. Feedback generated through this process will enable the team to ensure the protocol is user-friendly and universally accessible.

After the completion of the stress testing, Lendefi will initiate a Bug Bounty to engage developers and community members in further codebase audits. Participants in the Bug Bounty will be rewarded for their input for identifying vulnerabilities which went undetected during the public testnet.

The Road Towards Lendefi’s Mainnet Launch On BSC

Lendefi’s highly anticipated mainnet launch will bring unprecedented leveraged trading options to the DeFi sector. Because the protocol delivers options for both long and short trades, it enables investors to access trading opportunities during both bear and bull market cycles.

Lendefi has made a commitment to protocol security which is underscored by their approach to development, audit, internal testing, testnet testing and the upcoming Bug Bounty. To further bolster the protocol’s security and guarantee a smooth transition onto the BSC mainnet, Lendefi recently announced the adoption of Chainsulting as their new technology partner.

Chainsulting will oversee Lendefi’s imminent mainnet deployment and take charge of future infrastructure maintenance and development. The German-based blockchain development firm boasts over four years of experience and is a leading expert in digital assets, blockchain security audits and consulting. Chainsulting has assisted over 150 clients including 1inch, Unicrypt and DIA.

The Lendefi team believes that engaging Chainsulting for support and maintenance is crucial to ensuring the protocol follows best practice security protocols as it moves towards the BSC mainnet. Chainsulting’s expertise and security experience will help to shepherd Lendefi towards the final stage along its development roadmap.

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Press Release

CF Blockchain Joins Hong Kong Web3 Festival as Secondary Exhibition Sponsor

Published

15 hours ago

on

March 30, 2026

By

Hong Kong, 30th March 2026 — Hong Kong Web3 Festivalis honored to welcome CF Blockchain as a Secondary Exhibition Sponsor.

CF Blockchain focuses on the authority and professional information and services of fintech, artificial intelligence, digital currency and blockchain industries.

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Lennix Lai, Chief Commercial Officer, OKX Global

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Phil Kang, CEO, ZR Financial Group

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development

DIAO Zhihai, Head of International Business of Wealth Management, CICC

Don Ng, Director, Digital Assets, China Asset Management (Hong Kong) Limited

Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital

David Lee, Chairman, Global FinTech Institute

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

ENI Announced as Gold Sponsor at Hong Kong Web3 Festival 2026

Published

4 days ago

on

March 27, 2026

By

ENI Announced as Gold Sponsor at Hong Kong Web3 Festival 2026

Hong Kong Web3 Festival 2026 is honored to welcome ENI as a Gold Sponsor.

Hong Kong, 27th March 2026 — The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto conference since 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

Hong Kong Web3 Festival 2026 will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. The previous three editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Web3 Festival 2026 ultimately will have up to 400 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from thousands of executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

ENI is an ultra-high-performance, modular L1 blockchain engineered specifically for hyper-scale commercial adoption. More information: https://eni.top

Get tickets: https://luma.com/hkweb3festival_2026

Be our partner: https://tally.so/r/w5YEbP

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Press Release

CoinPost Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

4 days ago

on

March 27, 2026

By

CoinPost Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Hong Kong Web3 Festival 2026 is honored to welcome CoinPost as a Secondary Exhibition Sponsor.

Hong Kong, 27th March 2026 — Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Lennix Lai, Chief Commercial Officer, OKX Global

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Phil Kang, CEO, ZR Financial Group

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development

DIAO Zhihai, Head of International Business of Wealth Management, CICC

Chris Lee, Vice President, ETF China Asset Management (Hong Kong)

Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital

David Lee, Chairman, Global FinTech Institute

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

CoinPost is Japan’s largest crypto news outlet. More information: https://coinpost.jp/ 

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3
journey: https://luma.com/hkweb3festival_2026

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