Addressing over one million followers on Twitter and Youtube, Altcoinbuzz has listed two altcoins that it expects 20x. The selections include Cardano-based projects and are based on the latest news that has emerged.
Altcoin Buzz analyst expects 20x in this rebranded coin
Lymph (LENFI)
Lawrence Mike Woriji, one of the altcoinbuzz analysts, included 2 projects that he expects to rally from the Cardano network in a new list. Its first choice, Lenfi, is a decentralized non-surveillance protocol. This altcoin project allows users to act as depositors and borrowers in a P2P manner. It also allows users to provide liquidity by depositing funds into the liquidity pool for passive income. In this way, borrowers can use their liquidity pools to get an overcollateralized loan.
LenFi’s loan pools are a huge game changer for the Cardano ecosystem. It revolutionizes the way borrowers and lenders interact within the DeFi space. This makes it easier for people to access credit. The project has recently been rebranded, moving from its old name Aada to LenFi.
Say bye to Aada, and welcome to Lenfi 💜
After long consideration, encouraged by our community and partners since the very start, we have decided to rename our project to Lenfi.
Everything has stayed the same according to our goals and to the team: we are still working towards… pic.twitter.com/3Lpq7NMHZt
— Lenfi (@LenfiOfficial) June 28, 2023
Lenfi’s loan pools also increase the liquidity in the ecosystem. LenFi pools funds from several lenders, increasing the total amount of money borrowers can use. In addition, Lenfi’s pool loans promote financial inclusion. It allows those with less wealth to participate in lending activities. This lowers barriers to entry and allows more people to access DeFi.
Hence, Lenfi emerges as a strong project in terms of its value proposition. Vacuumlabs has also provided some form of reliability by auditing this protocol. In terms of documentation, Lymph has a
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