Lenfi is a decentralized lending and borrowing protocol built on the Cardano blockchain. The V1 dApp revolutionizes DeFi by introducing the NFT bond feature that allows users to transfer and trade their loans in the form of NFTs. Meanwhile, the protocol gives the lenders and borrowers multi-asset peer-to-peer primitives. Other essential elements of the protocol include creating loan requests to borrow Cardano-native assets (CNTs) and supplying loans to earn interest.

Lenfis total token supply is 29,500,000 AADA. The circulating supply is 13,480,000. The protocols Public launch allocation amounted to 1,250,000 LENFI tokens (4.24%). The tokens were released on SundaeSwap at the DEX launch on 29 January 2022. Another 1,250,000 LENFI tokens (4.24%) were unlocked to participants in the Public Round sale on 16 February 2022. 18.64% of the supply goes to Private Round participants. The distribution began on 10 March 2022 with a 9-month vesting schedule. An additional 13.56% of the allocation is due for distribution every two weeks starting 28 May 2022 as a reward for ISPO participation. The rest of the allocation goes as follows: Strategic Partners - 6.78%, Core Team - 10.17%, Marketing and Referral - 5.08%, Advisors - 3.39%, Staking and Governance - 34.75%, Token Liquidity - 3.39%. Currently, all allocations are split among 3 addresses, with the majority moved to a dedicated DAO treasury wallet.

Lenfi began as Aada Finance and was founded by Rytis and Mantas Andriuska in 2021. The latter learned about crypto in 2016 and took great inspiration from blockchain technology and its ability to facilitate trustless transactions. The DeFi craze raised his interest even more, consequently turning him to Cardano. What fascinated Mantas the most was the new land of exploration the blockchain presented. The initial concept of Aada Finance involved creating a Cardano equivalent of Aave. Later, Aada (an acronym of the four initial members surnames) developed into a project with a unique NFT bond interaction model. On 28 June 2023, the project rebranded to Lenfi, marking a new marketing campaign for the upcoming V2 pooled lending protocol. From the projects inception till now, the core Lenfi team is based in Kaunas, Lithuania.

Lenfi is the first protocol to introduce the NFT bond feature. It tokenizes all loans and requests into NFTs, practically allowing lenders and borrowers to transfer and trade their loans. Whenever a user places a loan request or supplies one, the protocol mints an NFT with a unique policy that serves as proof. Any loan repayment, liquidation, or interest claim can be triggered only provided the underlying B (borrower) or L (lender) NFT.

Unlike regular lending and borrowing protocols, Lenfi introduces multi-asset parameter settings. That way, a borrower can request one Cardano-native asset (CNT), supply another as collateral, and pay interest on a third one. All assets value is calculated in ADA to ensure maximum accuracy when determining the loans health factor.

Another key feature that defines Lenfi is its DAO. LENFI token holders can participate in the decision-making by submitting and voting on various proposals. The on-chain governance model enables the community to add and remove tokens, change the transaction fee parameters, and others.

LENFI is available for trading with ADA pairs on major Cardano decentralized exchanges like Minswap, WingRiders, SundaeSwap, and MuesliSwap.

Lenfi is a decentralized lending and borrowing protocol built on the Cardano blockchain. The V1 dApp revolutionizes DeFi by introducing the NFT bond feature that allows users to transfer and trade their loans in the form of NFTs. Meanwhile, the protocol gives lenders and borrowers multi-asset peer-to-peer primitives. Other essential elements of the protocol include creating loan requests to borrow Cardano-native assets (CNTs) and supplying loans to earn interest.

Lenfi's total token supply is 29,500,000 AADA. The circulating supply is 13,480,000. The protocol's Public launch allocation amounted to 1,250,000 LENFI tokens (4.24%). The tokens were released on SundaeSwap at the DEX launch on 29 January 2022. Another 1,250,000 LENFI tokens (4.24%) were unlocked to participants in the Public Round sale on 16 February 2022. 18.64% of the supply goes to Private Round participants. The distribution began on 10 March 2022 with a 9-month vesting schedule. An additional 13.56% of the allocation is due for distribution every two weeks starting 28 May 2022 as a reward for ISPO participation. The rest of the allocation goes as follows: Strategic Partners - 6.78% Core Team - 10.17% Marketing and Referral - 5.08% Advisors - 3.39% Staking and Governance - 34.75% Token Liquidity - 3.39% Currently, all allocations are split among 3 addresses, with the majority moved to a dedicated DAO treasury wallet.

Lenfi began as Aada Finance and was founded by Rytis and Mantas Andriuska in 2021. The latter learned about crypto in 2016 and took great inspiration from blockchain technology and its ability to facilitate trustless transactions. The DeFi craze raised his interest even more, consequently turning him to Cardano. What fascinated Mantas the most was the new land of exploration the blockchain presented. The initial concept of Aada Finance involved creating a Cardano equivalent of Aave. Later, Aada (an acronym of the four initial members' surnames) developed into a project with a unique NFT bond interaction model. On 28 June 2023, the project rebranded to Lenfi, marking a new marketing campaign for the upcoming V2 pooled lending protocol. From the project's inception till now, the core Lenfi team is based in Kaunas, Lithuania.

Lenfi's uniqueness lies in its decentralized lending and borrowing protocol built on the Cardano blockchain. The introduction of the NFT bond feature allows users to transfer and trade their loans in the form of NFTs, revolutionizing DeFi. Additionally, the protocol offers multi-asset peer-to-peer primitives, creating loan requests to borrow Cardano-native assets (CNTs), and supplying loans to earn interest.

LENFI can be bought and traded with ADA pairs on major Cardano decentralized exchanges such as Minswap, WingRiders, SundaeSwap, and MuesliSwap.