dForce Foundation’s Lendf.me Will Soon Open Asset Return System To The Public

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • A DeFi protocol developed by the dForce Foundation, Lendf.me has updated its website and the latest announcements and plans related to dForce will be released on this new website.
  • According to the Lendf.Me’s team, the platform will be soon going to open the asset return system to the public.
  • Apart from this, the platform is planning to organize a voting system for the users on the asset allocation proposal through which the assets will be allocated immediately after the approval.

A DeFi protocol developed by the dForce Foundation, Lendf.me has updated its website and the latest announcements and plans related to dForce will be released on this new website.

Lendf.Me’s new updations on its website

According to the Lendf.Me’s team, the platform will be soon going to open the asset return system to the public. Through which, the users can check personal deposit balance, loan balance, and also, net asset via the system.

Apart from this, the platform is planning to organize a voting system for the users on the asset allocation proposal through which the assets will be allocated immediately after the approval. Thus, by login into the account, the user can get their asset back.

The dForce Foundation has recently come into the limelight last weekend when it met with a loss of $25 million on its lending platform Lendf.Me. The attack was so confusing that some find that it was hacked. However, later the attacker has returned the entire stolen fund back to the dForce account.

Actions pertaining to the formal distribution process

The platform shared about its further update and action plan on Twitter.

As per sources, Leaf.me currently updated about a formal distribution process. This week following three quick actions will be taken:

Firstly, the current Lendf.Me smart contracts will stay disabled and will be permanently denounced. An asset recovery login will be set up in the Lend.Me website and the users will be able to use their existing lend.if address.

Secondly, the team will offer a detailed asset restructuring plan in writing which will highlight the next steps and will reply to all outstanding questions.

Finally, the platform will involve third-party security consultants to assist with a full audit.

Recently, the dForce Foundation has earned an investment of $1.5 million led by Multicoin Capital and associated by Huobi Capital and Chinese bank CMB International (CMBI).

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