Lebedev launched DeFi-bank of smart contracts
CONTENT

  • Former Russian banker announced the launch of a bank for decentralized finance

  • In collaboration with Binance Smart Chain, the project developers intend to create a solution with “zero transaction costs”

  • The InDeFiEco team notes that the legality of buying cryptocurrencies in a particular country is outside the purview of the project.

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DeFi-startup Alexander Lebedev intends to solve the problems of high fees of the Ethereum network using the Binance Smart Chain blockchain

Former Russian banker Alexander Lebedev has announced the launch of a decentralized finance project (DeFi) Decentralized finance (DeFi) is a blockchain-based financial service that offers users access to an open, efficient and … More) called InDeFiEco. He announced this in the official YouTube channel of the project..

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In addition to Lebedev, the project team includes Sergey Mendeleev, founder of the Garantex crypto exchange, and Roman Moiseev, CEO of DeFireX crypto service..

The project, according to the description on the official website, offers a solution to the problem of high fees of the Ethereum blockchain network,
providing decentralized access to the best DeFi projects directly from the Binance Smart Chain blockchain using DeFireX products.

Innovative technologies

According to the whitepaper of the project, InDeFiEco, in addition to the traditional security mechanisms in DeFi (including the audit of contracts and the disclosure of the identities of the project founders), plans to use “innovative technologies” to implement auditors without violating the principles of decentralization. What technologies are being discussed remains unknown..

Lebedev launched DeFi-bank of smart contracts

“I want to believe that, ideally, DeFi is a new stage in the development of cryptocurrency,” Lebedev said..

Also in the project documentation, it is reported that InDeFiEco, together with Binance Smart Chain specialists, will receive a solution with “zero transaction costs”, due to the “universal bridge between the Ethereum network and Binance Smart Chain”. BeInCrypto’s editors sent a request to Binance, but have not received a response yet.

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In addition, InDeFiEco intends to work closely with regulators by creating a separate oracle for this, which will check the “purity of incoming transactions.” In case of detection of unacceptable parameters, the oracle will block such operations, the whitepaper notes.

The BeInCrypto editorial office reported in November that the owner of the British newspaper The Independent and ex-head of the National Reserve Bank, Andrei Lebedev, intends to launch the first DeFi-bank in Russia.

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Despite the fact that Russia has been chosen as a launching pad, the project will be managed by a Swiss subsidiary.

At the same time, one Sergey Mendeleev noted that the legality of buying cryptocurrencies in a particular country is outside the competence of the project..

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