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The Lendefi Protocol Launches Its Public Testnet For Community Testing

Published

4 years ago

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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

CertiK to Showcase Web3 Security Innovations at Hong Kong Web3 Festival 2025

Published

2 weeks ago

on

February 12, 2025

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CertiK, the leading Web3 security firm, announced its participation in the Hong Kong Web3 Festival 2025, one of the largest and most influential Web3 events of the year. As a key player in blockchain security, CertiK will highlight its largest advancements in smart contract auditing, formal verification, and ecosystem solutions at the event, reinforcing its commitment to safeguarding the Web3 industry.

The Hong Kong Web3 Festival 2025, taking place from April 6–9, 2025, will bring together industry leaders, innovators, and policymakers to explore the latest trends and challenges in blockchain technology. CertiK’s presence at the event underscores its role as a trusted security partner for Web3 projects worldwide.

CertiK enters 2025, following a year of major achievements:

Apple acknowledged CertiK for the sixth time for identifying a vulnerability in Apple Vision Pro’s eye-tracking technology, while Samsung recognized CertiK’s discovery of a high-severity issue in the Blockchain Keystore.
● CertiK completed the first-ever formal verification of the ZKWasm Circuit, a breakthrough in the ZK-proof ecosystem.
● CertiK expanded its security expertise into the Decentralized Physical Infrastructure Network (DePIN) space, working with projects like APhone and Aethir to mitigate security risks.
● CertiK audited six of Forbes’ Top 10 Tokens in the first half of 2024, including TON, Core DAO, PEPE, FLOKI, FET, and Bitget.
● CertiK contributed stablecoin regulatory proposals to the Hong Kong Monetary Authority (HKMA) and Hong Kong’s Financial Services and the Treasury Bureau (FSTB), both of which were approved.
Beyond security, CertiK is actively investing in Web3 growth through CertiK Ventures, a newly launched investment initiative with a multi-million dollar fund dedicated to supporting emerging blockchain projects.

As Web3 adoption accelerates, security remains a top priority for both Web3 projects and investors. CertiK invites attendees to connect at the festival to explore how its cutting-edge security solutions can protect and empower Web3 innovations.
CertiK’s Official Website: https://www.certik.com/

Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en

About CertiK

CertiK is a pioneer in blockchain security, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in 2018 by professors from Yale University and Columbia University, CertiK’s mission is to secure the Web3 world. CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.

One of the fastest-growing and most trusted companies in blockchain security, CertiK is a true market leader. To date, CertiK has worked with more than 4,800 enterprise clients, secured over $530 billion worth of digital assets, and detected more than 115,000 vulnerabilities in blockchain code. Our clients include industry-leading projects such as Aptos, Ripple, Sandbox, Polygon, BNB Chain, and TON.

CertiK is backed by InsightPartners, Sequoia, Tiger Global, Coatue Management, Lightspeed, Advent International, SoftBank, Hillhouse Capital, Goldman Sachs, Coinbase Ventures,
Binance, Shunwei Capital, IDG Capital, Wing, Legend Star, Danhua Capital, and other investors.

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Press Release

TiDB Sponsors HK Web3 Festival 2025: Empowering Web3 Innovation and Infrastructure

Published

2 weeks ago

on

February 11, 2025

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For the third consecutive year, TiDB is proud to sponsor the HK Web3 Festival 2025, a global gathering of Web3 pioneers and industry leaders. This premier event highlights the latest developments in decentralized technology and its transformative potential across industries.

As a leader in data management solutions for Web3 infrastructure and wallet services, TiDB plays a pivotal role in driving innovation within the decentralized ecosystem. From managing massive on-chain data to enabling real-time queries analytics for DeFi and NFT platforms, TiDB empowers developers and businesses to unlock new opportunities in the Web3 space.

The Growing Importance of On-Chain Data Services

Web3 is reshaping the internet by leveraging decentralized technologies and smart contracts. At the heart of this evolution are on-chain data services, which act as the backbone for countless Web3 applications. These services are critical for:

  • Unlocking Blockchain Value: Blockchain data holds immense untapped potential. Data service providers extract actionable insights from this “gold mine,” offering solutions that drive business value.
  • Preventing Redundancy: Web3 fosters knowledge sharing. By enabling developers, companies, and wallet users to access shared data services, TiDB reduces repetitive efforts.
  • Driving Competition and Innovation: In the race to solve industry pain points, data providers delivering the fastest and most effective solutions gain a competitive edge.
  • Supporting dApp Development: On-chain data services power decentralized application (dApp) development, fostering creativity and growth within the Web3 ecosystem.
  • Improving Data Usability: Professional data solutions ensure blockchain data is consistent, accessible, and easy to use, helping developers, businesses, and users harness its full potential.

TiDB: The Backbone of High-Performance Web3 Data Services

TiDB is an open-source, distributed SQL database designed to handle the unique workload requirements of Web3. With its ability to scale efficiently, manage large-scale data, and deliver high-performance analytics, TiDB is uniquely suited to support the demands of decentralized applications and infrastructure.

For a deeper dive into how TiDB is shaping the future of Web3 data services, read our whitepaper here.

Join Us at HK Web3 Festival 2025

KV

Visit TiDB at Booth H18 during the HK Web3 Festival 2025 to explore the future of blockchain and discover how our database solutions are driving innovation in the Web3 ecosystem. Let’s shape the future of decentralized technology together!

Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en

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Press Release

Digital Revenue World: Your Trusted Guide in the Cryptocurrency Investment Landscape

Published

2 weeks ago

on

February 10, 2025

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In an era where the cryptocurrency market is evolving at an unprecedented pace, investors and enthusiasts are constantly seeking reliable, in-depth, and actionable insights to navigate this dynamic landscape. Enter Digital Revenue World, a comprehensive platform dedicated to empowering cryptocurrency investors with expert analysis, detailed reviews, and cutting-edge market insights.  

With over 15,000 cryptocurrencies evaluated, Digital Revenue World has established itself as a trusted resource for both seasoned investors and newcomers alike. The platform offers a wide range of services tailored to meet the unique needs of the crypto community, including in-depth reviews of cryptocurrencies, exchanges, wallets, and security protocols. By delivering meticulously researched insights, Digital Revenue World ensures that its users are equipped with the knowledge they need to make informed investment decisions.  

“Our mission is simple: to provide clarity and confidence in the often complex world of cryptocurrency investing,” said the Digital Revenue World team. “We carefully evaluate each cryptocurrency, analyze market trends, and deliver reliable comparisons to help our users stay ahead of the curve. Whether you’re looking to diversify your portfolio or explore new opportunities, we’re here to guide you every step of the way.”  

What Sets Digital Revenue World Apart?

Digital Revenue World stands out in the crowded cryptocurrency space by offering:  

  1. Expert Analysis: A dedicated team of professionals conducts thorough evaluations of cryptocurrencies, ensuring users have access to accurate and up-to-date information.  
  2. Comprehensive Review*: From emerging altcoins to established giants like Bitcoin and Ethereum, the platform covers a wide spectrum of digital assets.  
  3. Market Trends and Insights: Stay informed about the latest developments, trends, and opportunities in the crypto market.  
  4. Security and Trust: With a focus on security, Digital Revenue World provides valuable guidance on safeguarding investments and navigating the risks associated with digital assets.  

The platform’s user-friendly interface and commitment to transparency have made it a go-to destination for cryptocurrency enthusiasts worldwide. Whether you’re exploring new investment opportunities or seeking to optimize your existing portfolio, Digital Revenue World offers the tools and insights you need to succeed.  

Join the Digital Revenue World Community

Digital Revenue World is more than just a platform—it’s a community of like-minded individuals passionate about the future of cryptocurrency. By connecting with Digital Revenue World on Facebook and Instagram, users can stay updated on the latest reviews, market trends, and expert advice.  

“We believe that knowledge is power, and our goal is to empower our users to make confident, informed decisions,” the team added. “Cryptocurrency investing doesn’t have to be overwhelming. With the right resources and guidance, anyone can navigate this exciting space and achieve their financial goals.”  

For more information, visit https://digitalrevenueworldcoin.com/ and join the growing community of informed investors today.  

About Digital Revenue World

Digital Revenue World is a leading platform offering comprehensive cryptocurrency reviews, market insights, and expert analysis. With over 15,000 cryptocurrencies evaluated, the platform is dedicated to helping investors make informed decisions and navigate the ever-changing world of digital assets.  

Website: https://digitalrevenueworldcoin.com/  

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