6 Interesting Binance Smart Chain (BSC) DeFi Projects to Check

This year has seen the restructuring of the crypto sector in many different ways. The DeFi and NFT sectors' growth has put a large strain on older blockchains, such as Ethereum. These networks were built in a way that is designed to increase their fee structure based on the blockchain’s congestion. Unfortunately, this design flaw has created record-high gas fees for users. These fees have left many in the market searching for viable alternatives.  One option that has seen considerable…

Lendefi Finance Offers Trustless Undercollaterized Loans to Everyone

Lendefi Finance operates as a next-gen DeFi lending protocol. The network offers lenders and borrowers some out-of-the-box features, such as the ability to issue and take out undercollateralized loans in a trustless manner. To accomplish this task, Lendefi FInance introduces a unique security mechanism that leverages liquidity providers such as Uniswap and PancakeSwap. Notably, the network is the first undercollateralized lending platform to launch on the Binance Smart Chain. Collateralized vs. Undercollaterized Loans Undercollaterized loans are seen as a major…