What is LENX Finance? LENX Finance is a project focused on building a Lending Market for the Crypto market. The project is a partner and receives support from other projects such as Zetachain, Frax Finance, Neo Blockchain, Chiliz.
So what is LENX Finance? What is outstanding about the project? Let’s find out in this article!
Overview of LENX Finance
LENX Finance is an Omnichain Lending project built and developed on the Zetachain Blockchain. Taking advantage of Zetachain’s multi-chain connection, LENX has created a Lending Market for the entire market. Assets can be deposited in any chain for lending, and borrowers can mortgage assets in one chain and borrow in another.
LENX Finance develops 3 sub-protocols that are seamlessly integrated into LENX Finance:
- LEX: PStablecoin implementation based on collateral position (CDP). LEX an asset pegged to USD. LEX is the first Stablecoin for native Bitcoin collateral.
- LENX: LENX is the core lending facility for multi-chain assets, enabling loan origination, customized uncustodial loans, and collateral inclusion in the multi-chain economy.
- LINX: LINX is the first AMM to transfer underlying assets without slippage. Leveraging cross-chain messaging, swaps deliver instant guaranteed finality and deep liquidity from consolidated pools on ZetaChain.
LENX Finance is the first project supported by major projects such as Zetachain, Chiliz, Frax, NEO Blockchain. Shows that it is a project with a lot of potential and a great contribution to partner projects. And this support also helps guide LENX development in the best way.
Development Roadmap
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Core Team
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Investors
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Tokenomics
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LENX Finance’s Information Channel
Summary
LENX Finance is creating an Omnichain Lending market. The market still has projects to make this product, however LENX has an advantage in the market for all three key DeFi products: AMM, CDP, Lending. In addition, LENX is supported by giants such as Zetachain, Chiliz, Frax Finance, Neo Blockchain.
