LendX protocol is a lending platform that aims to bring mass adoption to the Bitcoin ecosystem by facilitating non-custodial liquidity across the various blockchain standards.
With the innovation of inscriptions, the worlds of fungible and non-fungible tokens are being bridged, and LendX allows market participants to earn yield, borrow assets and maximize capital efficiency for the entire market.
Decentralized governance
Automated interest rates
Overcollateralization & Liquidation
Diverse Lending Pools
Capital Efficiency
Seamless Integration with Bitcoin network
MVP v1.0 -> Deposit (Native), Lend and Borrow (Non-native) Deposit Bitcoin on BTC Network, Lend and Borrow USDC on ERC20
MVP v1.5 -> Deposit (Native), Lend and Borrow (Native) Deposit, Lend and Borrow BTC on BTC Network
MVP v2.0 -> Deposit (Native), Lend and Borrow BRC20 assets with liquidation modules
MVP v3.0 -> Asset expansion: ARC20, TAPROOT, PIPE assets
MVP v4.0 -> Introduction of native/pseudo native smart contract protocol
LendX is the first Bitcoin-native lending protocol that strives to unlock ecosystem liquidity and kickstart the upcoming wave of Bitcoin Defi.
Aave has been our guiding light in the design of LendX. Our goal is to be the first-to-market & dominant player in the currently-nascent Bitcoin ecosystem in order to capture maximum market-share and mind-share.
$LNX the native Bitcoin BRC20 utility token for use in the LendX ecosystem primarily for governance purposes, but could incorporate other benefits for the community.
Yes, all LendX code will be open-source, and other developers are welcome to contribute and improve on it. We are all in this to make the space better.
Yes, the team is doxxed. In line with the spirit of blockchain and decentralization, the team’s digital identities and personas are on display, but we are more than happy to have irl conversations, though we are of the philosophy that one ought to “trust the code, not the team”.