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Lendvest Integrates Chainlink Functions With Space and Time

Twitter icon  •  Published för 1 månad sedan  •  Hassan Maishera

Lendvest, a decentralized non-custodial protocol for fixed-term loans, has integrated Chainlink Functions, the industry-standard serverless Web3 developer platform on Polygon, and is leveraging Space and Time as its ZK-proven data layer.

Chainlink announced via X on Wednesday that Lendvest, a decentralized non-custodial protocol for fixed-term loans, has integrated Chainlink Functions, the industry-standard serverless Web3 developer platform on Polygon, and is leveraging Space and Time as its ZK-proven data layer.

Lendvest integrated Chainlink Functions to help access and analyze key data, specifically lending rates from Aave, the most liquid market on Ethereum. By reading Aave’s rates, Lendvest can return the optimal rate to its users, targeting the median rate between lenders and borrowers.

Lendvest also leverages Space and Time as a ZK-proven data layer integrated with Chainlink Functions. This allows for reliable and verified read/write capabilities from Ethereum to Polygon, ensuring that the data used in calculations is both accurate and standardized across protocols.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 1% over the past 24 hours and is trading at $11.10 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.