The Chainlink BUILD program fosters promising early-stage startups in Chainlink’s ecosystem. Participants receive enhanced access to essential Chainlink infrastructure and technical support in exchange for paying fees that incentivize Chainlink service providers, boosting the network’s cryptoeconomic security and advancing the web3 industry as a whole.
Recently, Lendr Network, a fully decentralized protocol for creating tokenized real-world assets (RWAs), announced it’s joining BUILD to accelerate its ecosystem’s long-term growth. As a BUILD member, Lendr will integrate vital Chainlink services while receiving early access to new Chainlink product alpha and beta releases. In exchange, Lendr will make 4% of its native token supply available to Chainlink service providers, including stakers, over time.
Tokenized RWAs are blockchain-based assets that represent tangible real-world assets onchain. Because RWAs confer new opportunities such as fractionalization and programmability, the space is projected to reach $10 trillion by 2030.
As the industry-standard decentralized computing platform, Chainlink provides critical infrastructure for issuing, securing, and transferring RWAs. Lendr plans to integrate Chainlink Price Feeds, Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve, and Functions to power RWAs that are backed by onchain collateral across asset classes including indices, real estate, commodities, and more.
“We’re excited to be joining the Chainlink BUILD program,” said Lendr Network’s founder and CEO, Nathaji Metivier, in an official announcement. “The Chainlink platform already underpins the on-chain economy, and it will provide Lendr Network with key infrastructure to help boost the adoption of our real-world asset tokenization protocol.”