GNNX

Gennix is a DeFi Layer 2 lending protocol designed to maximize scalability, composability, and growth. The project promotes end-to-end lending and borrowing of digital assets and related financial products by operating on a decentralized network. A game-changing feature that distinguishes Gennix from other DeFi projects is its development on the Binance Smart Chain (BSC) network and Non-Fungible Tokens (NFTs) with utility. Gennix solves the issue of over collateralized loans in the incumbent lending protocols that requires 100-200% collateral. Through our use of TrustScore, we are able to gradually lower this collateral ratio over time such that users are able to supply less upfront collateral for the same value of loan.