How to buy
Lendefi
LDFI
on
The Lendefi Protocol facilitates leveraged trading through secured lending, delivering confidence within the highly volatile cryptocurrency marketplace.
Create a wallet
This guide shows how to create a wallet in the Trust Wallet app but you can use any other Smart Chain wallet like Metamask.
Download Trust Wallet and set up your account.
Keep your seed phrase a secret, never share it with anyone.
Buy some BNB
BNB is a cryptocurrency that can be swapped to others tokens like LDFI. You can either buy BNB directly in Trust Wallet or get it on an external exchange like Binance or Crypto.com and then send it to your wallet.
Lendefi
LDFI
Once some BNB is in your wallet, make sure it’s Smart Chain (black icon) and not regular BNB (yellow icon). You can swap regular BNB to Smart Chain in the app.
Lendefi
LDFI
Go to PancakeSwap
PancakeSwap is an exchange where you can swap one Smart Chain token to another. To do it, you need to connect it to your wallet.
Open pancakeswap.finance/swap in your mobile browser.
Lendefi
LDFI
Tap the Connect Wallet button.
Lendefi
LDFI
Tap Wallet Connect and choose Trust.
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LDFI
This should bring the Trust Wallet app with a confirmation screen. Tap Connect.
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LDFI
Go back to the browser. Your wallet should be now connected to PancakeSwap.
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LDFI
Swap BNB to LDFI
Tap Select a currency on the PancakeSwap trading view.
Lendefi
LDFI
Copy the Lendefi contract address:
0x8F1E60D84182db487aC235acC65825e50b5477a1, make sure it’s correct (check the official website), and paste it to the token field. You may need to wait a moment before PancakeSwap displays the token. If it doesn’t help, refresh the page and try again.
Lendefi
LDFI
Tap the Import button once the token is loaded.
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LDFI
Approve the import in the next step.
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LDFI
Enter the amount of BNB you want to trade for LDFI. Don’t swap all of your BNB – keep a few dollars worth of BNB to cover future transaction fees!
Lendefi
LDFI
Almost there! Tap the gear icon and set the Slippage tolerance to 11-15%. Slippage corresponds to the transaction tax and token price volatility. The bigger the percentage, the higher the change of a successful transaction, but you may get respectively fewer tokens.
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LDFI
Tap Swap.
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LDFI
Confirm the transaction in Trust Wallet.
That’s it! You’re now the proud owner of Lendefi. If you wish to sell your LDFI in the future, just swap it back to BNB.
Lendefi
LDFI
If you don’t see Lendefi in Trust Wallet, you may need to add it manually. Tap the toggle icon in the upper right corner, then find the Add Custom Token button. Tap it and you should see the Add Custom Token screen. Select Smart Chain in the Network field and paste the Lendefi contract address. The token will be added to the wallet.
Lendefi
LDFI