About LENX Finance
LENX Finance stands out as an innovative Bitcoin liquidity protocol that is revolutionizing decentralized finance. Users are empowered to contribute native Bitcoin as liquidity and borrow omnichain assets seamlessly. LENX’s functionality relies upon the integration of Frax’s groundbreaking BAMM (Borrowing, AMM) and ZetaChain’s cutting-edge CCIP (Cross-Chain Interoperability Protocol).
By integrating these technologies, LENX creates a robust and efficient ecosystem in which users can leverage their Bitcoin holdings to access assets across various blockchains. Notably, LENX stands out as an innovative protocol designed to encourage xBTC liquidity with forward-looking interest rates that provide users with compelling reasons to supply native Bitcoin to its system. As such, LENX marks an important step toward an interconnected and dynamic decentralized financial system.
How It Works
1-Click Transfers
LENX Finance offers a seamless experience to move collaterized assets from a pool on one chain to another in one-click. Stop manually moving your assets and let the smart contracts work for you.
Best Yields on DeFi
Leverage time-tested protocols, like Aave and Compound to access the best yields without having to compare. Not only you have automatically compounded interests, but also you have LENX yields as a cherry on top.
Use Native Bitcoin
LENX supports native Bitcoins. Use your native Bitcoin wallet to earn yields or borrow. You can also use any native asset on the ZetaChain’s supported network.
Token Distribution
XD, the LENX Protocol Token will be curated and live on Fjord Foundry on 1/7/2024.
Frax Partnership / Seed valuation was at $10,000,000 in February 2022.
67% of the XD total supply is allocated to LENX community members.
XD will be available on 3 liquidity mining pools at V1:
- xBTC-FRAX BAMM
- xBTC-wBTC Curve Pool
- XD-FRAX UniV2 LP
LENXSwap
LENXSwap is a Dual AMM, based on UniV2 constant formula, with a custom implementation of a Curve-esque logic for stables. The Dual AMM is the core of ecosystem-oriented approach, designed with the following principles in mind:
- 1.A high degree of fluidity to tailor each protocol / market participants’ needs
- 2.Capital efficiency with highly effective trading efficiency. De-risking the protocols from mercenary liquidity and adapting to their needs.
Dual AMM is a dual-liquidity model for both volatile and stable assets with Swap Referral for partnering protocols.
LENX Finance Features
Omnichain Functionality
LENX Finance provides an omnichain Bitcoin liquidity protocol, eliminating barriers between different blockchains. This feature enables users to easily supply native Bitcoin as liquidity while borrowing assets from different chains within one ecosystem.
Native Bitcoin Liquidity
LENX’s flagship feature is its ability to facilitate the provision of native Bitcoin as liquidity, enabling users to leverage their cryptocurrency holdings directly and open up a variety of possibilities for borrowing omnichain assets.
Built-In Lending Mechanism
LENX Finance features an inbuilt lending mechanism, making the borrowing of Omnichain assets simple for users. This feature improves overall user experience by offering a streamlined platform for lending and borrowing within its protocol.
Utilizing Frax’s Borrowing AMM Module
With LENX’s integration of Frax’s Borrowing, AMM (BAMM), its borrowing mechanism becomes more efficient and effective for users in its protocol. This integration provides an innovative approach to decentralized finance while streamlining borrowing processes for those borrowing through it.
LENX Leverages ZetaChain’s Cross-Chain Interoperability Protocol
LENX takes full advantage of ZetaChain’s Cross-Chain Interoperability Protocol (CCIP), providing seamless communication and interaction among various blockchains. This feature strengthens interoperability, giving users access to assets across several chains.
LENX Offers Innovative xBTC Liquidity Incentives
LENX Finance incentivizes xBTC liquidity through competitive interest rates, encouraging users to contribute native Bitcoin to the protocol while rewarding liquidity providers and creating an eco-system of richness and vitality.
Bottom Line
LENX stands as an outstanding force in decentralized finance, offering an all-inclusive omnichain Bitcoin liquidity protocol. LENX provides users with access to native Bitcoin as liquidity, opening up the possibility for them to borrow assets across multiple chains in a consolidated ecosystem. Furthermore, its built-in lending mechanism streamlines borrowing processes further increasing user accessibility.
Utilising both Frax’s BAMM technology and ZetaChain’s CCIP ensures that LENX stands at the forefront of efficiency and interoperability. Notably, LENX stands out in its field by incentivizing xBTC liquidity through innovative interest rates – encouraging users to contribute native Bitcoin into its protocol and keep it active in circulation.
LENX represents innovation, connectivity and user-centric design which pave a pathway for more interconnected and dynamic future in blockchain-based finance.
