Lendr Network has announced plans to integrate with the Chainlink BUILD program to promote their real-world asset (RWA) tokenization protocol and accelerate the development of the ecosystem. This will be possible through the provision of enhanced accessibility to Chainlink’s well-established Oracle solutions, in addition to technical support and promotion of cutting-edge crypto-economic security features. As an exchange, they will be obligated to provide network fees and additional benefits to the Chainlink community, its service providers, and its stakeholders.
Lendr aims to bring about a paradigm shift in the finance sector by leveraging decentralized technologies and providing global access to financial options through transparency, innovation, and community development. Their objective is to offer a variety of decentralized indexes and ETFs comparable to those of the largest traditional financial institutions.
Lendr is an entirely decentralized real-time asset tokenization protocol that generates real-world asset (RWA) tokens supported by on-chain collateral and representing a variety of asset segments, including indices, real estate, commodities, and more. Lendr Network enables users to utilize RWAs within DeFi, diversify their portfolios, and hedge against inflation.
Lendr Network opted for the Chainlink BUILD program to maximize the benefits associated with safety concerns and the dependability of the Oracle solution provided by Chainlink. Lendr will benefit from its affiliation with BUILD, including access to and integration of Chainlink Price Feeds, which provide high-level market data.
In addition, Proof of Reserve for off-chain asset authentication, CCIP for secure cross-chain interoperability, and connectivity with Chainlink product alpha and beta releases will be incorporated.
Lendr Network will gradually allocate 4% of its native token supply to Chainlink service providers, including stakers, in return for these services.
Nathaji Metivier, the organization’s founder and chief executive officer, asserts that by participating in the Chainlink Build Program, the organization will gain access to a premier framework that will facilitate the expansion of the tokenization protocol’s adoption in the real world.
Chainlink serves as the standard by which decentralized computing platforms enhance the credibility of the web. It has facilitated substantial transaction volumes by providing developers, financial institutions, and entrepreneurs with access to real-time data, off-chain computation, and secure cross-chain interoperability across all blockchains.
Lendr Network is an entirely decentralized protocol for tokenizing real-world assets (RWAs) that enables investors to augment their holdings, circumvent inflation, and employ real-world assets within DeFi. In addition to synthetic tokenization and industry sanction, it is entirely decentralized. By 2023, it is anticipated that the RWA token market will reach $10.9 billion.
Source: https://www.cryptonewsz.com/lendr-network-connects-with-the-chainlink-build-program/