Chainsulting assumes the development of the loan protocol based on BSC Lendefi

Lendefi, an sub-guaranteed loan protocol built on top of the Binance Smart Chain, announced that it has signed an agreement with Chainsulting to manage and develop the Lendefi protocol from August 1.

Recently, Lendefi launched its test network for public use of the platform and is quickly heading towards its mainnet launch on the Binance Smart Chain.

During this critical stage of the roadmap, Lenefi decided to hire Chainsulting as a new technology partner. More specifically, Chainsulting will oversee the deployment of the main network; ensure compliance with best security practices for the protection of the Lendefi protocol. Chainsulting will provide support and maintenance of Lendefi’s protocol in anticipation of the launch of the mainnet 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 in the blockchain space.

Previous Chainsulting customers included 1inch, Unicrypt, and DIA. The history of the company spans 4 years and more than 150 clients.

“We are delighted to have engaged Chainsulting for the future development and management of Lendefi’s protocols. I think they have the experience, expertise and security knowledge to bring Lenedefi to the mainnet and complete the roadmap. “
– Scott Schulz, CEO of Lendefi

Expected to be completed in the next few weeks… the transition of Lendefi protocol development from BLABS to Chainsulting is now underway.

“Chainsulting is delighted to be working with Lendefi to bring them to the Mainline and beyond.”
– Yannik Heinze, development manager at Chainsulting

The Lendefi Protocol aims to provide leveraged trading and secure lending for the cryptocurrency markets. Using an sub-guaranteed loan model, Lendefi facilitates a trustless relationship between lender and borrower, all managed by the protocol to eliminate counterparty risk.

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