We’re excited to announce that Lekker Finance is officially joining the Chainlink BUILD Program. As a part of BUILD, we receive enhanced access to Chainlink’s industry-leading oracle services, technical expertise, and community support. This will help accelerate ecosystem growth and the long-term adoption of Lekker Finance’s decentralized finance protocol. In return, Lekker Finance will provide network fees and other incentives to Chainlink service providers as part of Chainlink Economics 2.0.
Access to Expanded Tokenized Products in DeFi With Lekker
One of the winners of EthLisbon, Lekker Finance aims to advance DeFi-native leverage enhanced by the ability to tokenize positions.
Getting access to leverage in DeFi can prove difficult, with users often having to hop across different protocols, costing time and transaction fees. Lekker allows users to access leverage using liquidity from other DeFi protocols.
Ultimately, Lekker aims to harness the power of DeFi composability to significantly simplify the user experience of leveraged activities.
Why We Joined Chainlink BUILD
Lekker Finance joined Chainlink BUILD to maximize the security and reliability benefits that Chainlink oracle infrastructure provides. As part of BUILD, we will receive access to new Chainlink product alpha and beta releases, dedicated technical support from the Chainlink ecosystem, and more.
“We’re thrilled to join Chainlink BUILD, which will help drive the adoption of our leveraged trading protocol. Chainlink services are essential for building a DeFi protocol, and we look forward to continued collaboration with the Chainlink ecosystem. Ultimately, we aim to develop a protocol that makes it easy to get access to leverage in DeFi. On top of that, our products are composable which makes them ideal tools for risk management.”—Peter Prado, Lekker Finance Co-Founder
As part of our commitment to the BUILD program, Lekker Finance has committed 4% of our total token supply to be used as an economic incentive for Chainlink service providers, including stakers. This economic incentive will be made available to Chainlink service providers over time to help Lekker Finance fully realize the benefits of being part of the Chainlink ecosystem.
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
About Lekker Finance
Lekker Finance is an innovative DeFi protocol that allows users to easily enter tokenized leveraged positions with a single transaction while using existing DEXs and lending liquidity from the DeFi ecosystem.