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.

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

The all-time high of LENFI was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Lenfi (LENFI) is 0. The current price of LENFI is down 0% from its all-time high.

As of , there is currently 0 LENFI in circulation. LENFI has a maximum supply of 29.50M.

The current market cap of LENFI is 0. It is calculated by multiplying the current supply of LENFI by its real-time market price of 0.135277448941.

The all-time low of LENFI was 0 , from which the coin is now up 0%. The all-time low price of Lenfi (LENFI) is 0. The current price of LENFI is up 0% from its all-time low.

Lenfi (LENFI) has a market capitalization of $0 and is ranked #8608 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Lenfi (LENFI) price trends and patterns to find the best time to purchase LENFI.