Lendefi Announcements | United States America (US)

Create: 2022-01-28 Update: 2024-05-19 18:35:02

Announcement - 28 Jan 2022

Dear Community,

Thank you for your patience. We would like to provide the community with a brief update on the status of the project.

In order to ensure a robust release we have further engaged Chainsulting to conduct an additional round of testing and re-deployment of infrastructure and protocol, as security is of utmost importance.

This work will be conducted over the coming weeks.
The Lendefi team will announce a mainnet release date once it has been provided to us by Chainsulting.

Kind regards,

Lendefi Team

Keep Supporting! ❤️

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Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

Announcement - 28 Jan 2022

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