Next 20X ICP Crypto GEM Lendfinity: The AAVE for The Internet Computer

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DeFi on the Internet Computer (ICP) will be huge and today I’m going to discuss this topic with Gastão Faria, the co-founder of Lendfinity, the first crypto lending protocol for ICP built on Bitfinity.

Lendfinity is like the Aave for the Internet Computer and it allows you to lend and borrow ICP, neuron ICP, BTF, Sonic, Gold Token, Dragginz, ckUSDT, ckUSDC and it will also support Runes and BRC-20 tokens soon.

It is EVM compatible (like Bitfinity), so you can access Lendfinity simply with your MetaMask wallet. This lending protocol is witnessing rapid adoption, as it hit $5M TVL in only 1.5 months from its launch.

The great thing about Lendfinity is that it allows you to leverage even more utility from your ICP and BTC tokens and to earn as much as 40% APY when you lend stablecoins.

So if you think that sounds interesting, make sure to watch this video till the end and don’t forget to like and subscribe for more ICP crypto videos!

0:00 Intro
0:48 The first lending protocol for ICP
2:18 How to get a grant from DFINITY
3:47 Lendfinity’s main innovation
6:40 DeFi adoption is booming on ICP
9:16 The role of ICP in the DeFi revolution
12:49 How Lendfinity works
15:25 How to lend ICP on Lendfinity
16:25 How to borrow ckUSDC on Lendfinity
17:29 Earn 40% APY on stablecoins
17:55 How to get free Bitfinity BTF tokens
18:13 How to bridge ICP to Bitfinity
18:57 $LEND airdrop campaign
21:24 How to kick-start DeFi on ICP
25:20 Lendfinity’s roadmap

Try out Lendfinity 👉 https://www.lendfinity.xyz
Follow Lendfinity on X 👉 https://x.com/lendfinity_xyz
Apply for a DFINITY grant 👉 https://dfinity.org/grants-overview
Follow me on X 👉 https://x.com/fredcryptoX

#internetcomputer #icp #crypto #icppriceprediction #internetcomputerpriceprediction #icpcrypto

Disclaimer: cryptocurrencies are volatile and nothing in this video is financial advice.

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