Lendr.fi has launched its testnet, introducing a new system for tokenized real-world assets (RWA) with liquidity staking. This update replaces the previous over-collateralized lending model, eliminating liquidation risks and allowing direct redemption in USDL. The platform enables global access through a one-time KYC verification and tokenizes traditional assets like ETFs and real estate into transparent on-chain tokens, offering market-neutral yields. The testnet launch comes ahead of the Token Generation Event (TGE) for its $RWAL governance token, scheduled for September 23 on major platforms. CEO Nathaji Metivier highlighted that the update simplifies the user experience while maintaining DeFi advantages and institutional compliance standards.