Description
Lendefi Finance is a decentralized finance (DeFi) protocol on the Binance Smart Chain, offering a suite of advanced tools for the leveraged trading of digital assets. It operates on an innovative undercollateralized lending model, which allows users to borrow more than their held collateral to purchase crypto assets, with leverage up to 5x for both long and short positions. The protocol aims to be completely decentralized and trustless, running on smart contracts. To ensure lender confidence in the volatile crypto market, it incorporates a secured lending mechanism with liquidation. The platform is governed by its community of LDFI token holders through a DAO, and transaction fees are used to buy back LDFI tokens for burning and rewards.