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Lekker Finance Joins Chainlink BUILD To Unlock New Possibilities In DeFi

The Chainlink BUILD program is designed to strengthen the Chainlink Network by fostering promising early-stage startups in Chainlink’s ecosystem. Participants receive benefits such as priority access to technical support and new services from Chainlink in exchange for paying fees that incentivize Chainlink service providers and boost the network’s cryptoeconomic security.

One of the latest projects to join BUILD is Lekker Finance, a DeFi protocol designed to simplify access to secure leveraged positions. Lekker co-founder Peter Prado told Chainlink Today that participating in BUILD will allow Lekker to expand its ecosystem by prioritizing Chainlink’s essential web3 infrastructure. 

“The access to Chainlink’s new product alpha/beta releases and technical support will enable us to enhance the security and reliability of unique features of the Lekker Protocol,” he said. “With the increased adoption of decentralized finance, having access to those resources is critical to unlocking the full potential of the Lekker Protocol.”

Lekker utilizes liquidity from established lending protocols to back tokenized positions that offer users the benefits of leverage without the complexities of traditional margin trading. Prado said his team’s primary aim is creating better experiences that expand DeFi’s reach.

“DeFi will continue to revolutionize the industry, and it needs to be accessible to everyone,” he said. “The Lekker Protocol is designed to simplify the process of accessing leverage in DeFi, making it easier for more users to participate in the ecosystem.”

He explained the role Chainlink’s web3 services play in driving DeFi’s broad adoption.

“Over the next several years, we believe that Chainlink’s infrastructure will become increasingly important as the DeFi space continues to grow and mature. As more users enter the ecosystem, the demand for secure and reliable DeFi products will only increase, making Chainlink’s services even more critical for ensuring the integrity of the entire ecosystem.”

Beyond optimizing Chainlink’s infrastructure, Prado said he looks forward to Lekker’s interaction with the broader Chainlink ecosystem of more than 1,700 projects building new use cases across industries.

“We’re thrilled to join Chainlink BUILD and integrate with the larger Chainlink community,” he said. “We see this as an opportunity to improve the robustness of the Lekker Protocol, and reach scale via community collaboration. We’re excited to see what possibilities this integration will unlock.”

To learn more about Lekker Finance, visit their website, Twitter, and blog.
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Chainlink BUILD and apply here.

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