# Lendvest: Fixed-Term Loans and Automations on Ajna **URL:** \ **Category:** Grant Proposals\ **Tags:** cycle-5\ **Created:** [January 13, 2025, 10:07pm UTC](https://forum.ajna.finance/t/lendvest-fixed-term-loans-and-automations-on-ajna/284 "2025-01-13T22:07:06Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![JoshGottlieb](https://avatars.discourse-cdn.com/v4/letter/j/ecd19e/32.png) [@JoshGottlieb](https://forum.ajna.finance/u/JoshGottlieb)\ **Post date:** [January 13, 2025, 10:07pm UTC](https://forum.ajna.finance/t/lendvest-fixed-term-loans-and-automations-on-ajna/284/1 "2025-01-13T22:07:06Z")
# Lendvest: Fixed-Term Loans and Automations on Ajna ## Request - **Receiving Address:** 0xEc140F4ae6504b535DdE6B1AB25366A764a35d5f - **AJNA Amount:** 2,000,000 (over two grant cycles) * * * ## Applicant and Team Information ### Applicant Name: - Lendvest - **Email:** [josh@lendvest.io](mailto:josh@lendvest.io) ### About You and/or the Team: Lendvest is led by **Joshua Gottlieb** and **Daniel Chrostowski**. - **Joshua Gottlieb:** Josh was integral to the development of one of the first tokenized stocks for a public company, a project recognized by MIT Technology Review that laid the groundwork for compliant tokenization settings. At State Street Bank, he expanded his work to include ETF tokenization and blockchain-based settlement. Additionally, Josh serves as an advisor and architect for NYC Node, which provides a compliant, direct connection to blockchains, serving as a public good for NYC. - **Daniel Chrostowski:** Daniel is the Co-Founder and Co-CTO of Lendvest. He was a Software Engineer at NYC Node, a project supported by NYCEDC and the NYC Mayor’s Office, where he developed on-chain data analysis tools. At Lendvest, Daniel has accelerated the development cycle by 10x through the creation of deterministic simulations of mainnet’s non-deterministic block times for financial interest calculations. He also leads integration of lending protocols, such as Aave, by mapping fee structures, interest mechanisms, and accounting methods into Lendvest’s protocol. ### Additional Links: - [Pending] * * * ## Project Information ### 1. What is it? Lendvest is a fixed-term lending protocol built on top of Ajna, designed to offer competitive rates for both lenders and borrowers. It introduces next-gen lending capabilities to assets like **stLINK** , **OETH** , and **wstETH** , enabling borrowers to utilize their staked assets for fixed-term loans while lenders earn predictable returns. To minimize liquidations, Lendvest introduces a third-party “collateral lender” who helps borrowers protect their staked assets throughout the term in exchange for a portion of the yield. * * * ### 2. What problem is being solved, and how? #### Problem: Manual Price Bucket Updates - **Solution:** Lendvest automates deposits and collateral using **Chainlink Automations** and Price Feeds, reducing manual intervention. Automation triggers updates only during events like price drops or liquidations. **Progress:** 50% Complete #### Problem: Insufficient Lending Liquidity - **Solution:** - Fixed-Term Loans: Provide predictable timelines for liquidity availability. - Predictable Yields: Encourage lenders to supply liquidity. - Efficient Liquidity Matching: “Set terms” approach matches liquidity 1:1, ensuring efficiency and availability. **Progress:** 100% Complete #### Problem: Less Competitive Rates Compared to Major Protocols - **Solution:** - Optimized Rates: Match lenders and borrowers based on demand, achieving high utilization. - Scalable Rates: Use **Space and Time** & **Chainlink Functions** to maintain stable rates as TVL grows. - Sustainable Incentives: Reduce reliance on short-term rewards, fostering organic growth. **Progress:** 50% Complete #### Problem: Risk of Liquidations in Fixed-Term Loans - **Solution:** - Collateral Lender Incentives: Stability for borrowers while earning yield. - Automated Risk Management: Use Chainlink Automations to trigger auctions for undercollateralized positions. **Progress:** 20% Complete * * * ### 3. How Will This Project Drive Growth or Success for Ajna? - **Attracting New Assets and Increasing TVL:** Fixed-term loans as a novel financial product will attract new assets and communities, driving TVL growth. - **Enhanced User Experience:** Automations make Ajna more user-friendly with “set it and forget it” capabilities. - **Better Yields:** 1:1 liquidity matching ensures higher utilization and better yields compared to competitors. - **Points Program:** Lendvest’s points program and incentives enhance user participation. - **Unique Vertical for Ajna:** Introducing fixed-term loans creates a unique product that appeals to broader user bases. * * * ### 4. Objectives - **Core Functions Automation:** Automate deposit/withdrawal for price buckets and pool rate management. - **User Interface for Fixed-Term Loans:** A dedicated UI for fixed-term loans is in development. - **New Pools Creation:** Pools for **stLINK/LINK** on Arbitrum and Ethereum have been launched. #### Grant Objectives: 1. **Advanced Collateral Management:** Real-time tracking using Chainlink Price Feeds and Automations. 2. **Fixed-Term Loan Automation:** Automate loan processes, liquidations, and term completions. 3. **Enhanced Security:** Extensive testing and audits to strengthen the protocol. * * * ### 5. Deliverables 1. **Origin Protocol Use Case:** Fixed-term vault with **OETH** collateral and profitable borrower strategies. 2. **Launch Fixed-Term Loan Products:** Integration with Chainlink Automation for collateral management. 3. **Efficient Collateral Tracking and Liquidation Prediction:** Real-time monitoring using Space and Time’s technology. * * * ### 6. Timeline for Deliverables - **30 Days:** Deliver OETH product. - **60 Days:** Launch fixed-term loan product for stLINK. - **90 Days:** Deploy collateral tracking and liquidation management automations. * * * ### 7. Support Requirements - Feedback from the Ajna community. - Collaboration with technical teams and access to Chainlink integrations. * * * ### 8. Progress Reports - Frequency: Every 3 weeks during the 90-day project duration. * * * ### 9. Estimated Project Costs - **Total Budget:** $10,000 - Security: $4,000 (120 hours) - UI: $1,000 (60 hours) - Development: $5,000 (143 hours) * * * ### 10. Post-Grant Maintenance - Community Engagement: Marketing initiatives and integration support. - Security Assurance: Ongoing audits and stress testing. - Continuous Development: Introduce new features and list additional assets. * * * ### 11. Handling Delays - Document delays and share revised action plans to maintain project momentum. * * * ### 12. Handling Insufficient Funding - Reapply for funding or seek external sources. - Adjust scope to focus on critical components. * * * ### 13. Handling Budget Surplus - Use remaining funds for future proposals or return AJNA tokens to the protocol.