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1  Alternate cryptocurrencies / Announcements (Altcoins) / Aave Pay app: holders can now pay their bills with BTC (and other tokens) on: March 14, 2019, 01:54:08 PM
https://pay.aave.com/

After ETHLend (the first decentralized peer to peer lending marketplace born and working since 2017) Aave recently launched Aave Pay



You can now pay every private expense with crypto via bank transfer

This represents a step towards the adoption of BTC and crypto as real money and mean of exchange.  Grin
2  Alternate cryptocurrencies / Tokens (Altcoins) / Aave/ETHLend - Decentralized Lending DApp - The Game Changer - All info Updated on: August 15, 2017, 05:04:43 AM

    ETHLend update 2019


    Hello all! From the ETHLend/Aave team we would like to update the post so everyone is up to date about what happened during all this time related with our project.
    ETHLend rebranded to Aave in September 2018 as we released new products to complement the whole lending experience and also we added Bitcoin interoperability to ETHLend platform in beginnings of 2018 so we required a new name to englobe all this new ecosystem incoming.

    Check our site at:
    https://aave.com   

    If you want to know about the highlighted news over this time check “Top news historic” section. Also below you have the information about Aave/ETHLend products:

    ETHLend

    ETHLend is a decentralised peer to peer lending platform that allows people all over the world to get a loan or become a lender. As a decentralised platform, using the Blockchain technology we enable you to get or fund a loan within minutes in a secure way.

    Since the first release lot of features were added as the addition of Bitcoin as collateral, crowdlending, partial collateral call, new currencies as for example stable coins, more than 150+ ERC20 collaterals and much more (check the news historic).

    You can access and use the Dapp at:
    https://ethlend.io

    Aave Pay

    Aave Pay is a service that allows European users to pay in FIAT (Euro currently) using their preferred cryptocurrency (LEND, DAI, BTC, ETH, ADA, LTC, BCH, XLM, XRP, USDT, KCS and BNB currently available). With this service users will be able to take a loan in ETHLend and directly send to their bank account or directly cash out your crypto without a complex process, just sending a transaction.

    Having stable coins as DAI and USDT 1:1 ratio with USD, you can try it out at:
    https://pay.aave.com

    Aave Decentralized Lending Pools (DLPs)

    Aave Decentralized Lending Pools are a new improved lending model to complement the P2P model of ETHLend. In this new Lending model users will be able to become lender and borrower just depositing their assets in their pools and getting passive income from their holdings, allowing also to borrow using them as collateral.

    Our DLPs will have new features and improvements in comparison with similar lending models as would be swapping between fixed and variable rate at any time as borrower and offering an open source protocol, allowing anyone to build on top of the DLPs and use the service through our client, API our directly using the ABI of the smart contracts. There are more features to be disclosured, currently our DLPs are in testnet, here the latest information:
    DLPs Blog Post

    LEND Token

    Our token is currently being used in our products having different benefits. You can check the information here:
    LEND Token

    In our incoming Decentralized Lending Pools the token will have core/key features and utility. The token will be required to participate in the DLPs in different roles, it will allow users to deposit the token in the pools to get passive income acting as lender, it will be burnt based on the fees gathered in the protocol and will be used by the token holders to vote on the decisions to be taken in the protocol as for example addition of new features. The token will be swapped to adapt it to the new products and add new functionalities. We will notify when the process and details about this process are clear.
    Make sure to follow our social media to be updated, check the section below!


    Social Media

    If you want to be updated with the latest news you follow our different social networks


    Top News Historic

    In order to update everyone up to date about what happened in ETHLend since 2017 here you have the top news selection over the time, ordered from recent to older.

    05-09-2019 – September update: DLPs are coming and events season has started!
    https://medium.com/aave/september-update-dlps-are-coming-and-events-season-has-started-6dd2119b82b0
    19-07-2019 – Decentralized Lending Pool (DLP) Protocol Launched on testnet
    https://medium.com/aave/decentralized-lending-pool-dlp-protocol-launched-on-testnet-swap-between-fixed-and-variable-e72ae43992c
    04-06-2019 – Aave reopens ETHLend to US customers – Lenders and borrowers
    https://medium.com/aave/aave-is-reopening-ethlends-doors-to-us-customers-with-some-new-exciting-features-949756b472e4
    08-05-2019 – Aave (ETHLend) Roadmap extension – Introducing the Decentralized Lending Pools – New lending model
    https://medium.com/aave/aave-roadmap-extension-introducing-decentralized-lending-pools-dlps-66c3057ecaa7
    18-04-2019 – New features and improvements on ETHLend
    https://medium.com/aave/ethlend-evolves-introducing-exciting-new-features-with-the-latest-baiji-update-d6595472e0b7
    15-03-2019 – New features on ETHLend, new languages, collateral tokens and currencies
    https://medium.com/aave/announcing-new-features-on-ethlend-with-the-baiji-update-9dc9815de411
    27-02-2019 – New product Aave Pay released, allowing European users to pay in fiat using cryptocurrencies
    https://medium.com/aave/aave-pay-is-out-now-pay-your-bills-with-crypto-89f9f59dc57
    06-02-2019 – ETHLend Alpha 0.4 (Baiji) released on mainnet adding Bitcoin and much more new features
    https://medium.com/aave/ethlend-baiji-release-has-arrived-on-the-mainnet-9efb6236aa1b
    09-01-2019 – Aave (ETHLend) expands to London
    https://medium.com/aave/aave-expands-to-london-45a47f7f8666
    14-12-2018 – Baiji release candidate for mainnet released in testnet
    https://medium.com/aave/development-update-santa-came-earlier-this-year-the-baiji-release-candidate-is-here-5e2ecf75cc81
    08-11-2018 – ETHLend welcomes US borrowers
    https://medium.com/aave/ethlend-open-for-us-borrowers-8d66a5f5bfcd
    05-10-2018 – ETHLend Alpha 0.4 “Baiji” released on testnet adding Bitcoin
    https://medium.com/aave/breaking-news-bitcoin-lending-release-baiji-now-on-ethereum-testnet-846ed13e26e5
    18-09-2018 – ETHLend rebrands to Aave, new parent Brand and new products coming
    https://medium.com/aave/ethlend-reveals-a-new-parent-brand-aave-launching-multiple-products-e94362a5204e
    23-08-2018 – Introducing new LEND token economy model: Decentralized Microstaking
    https://medium.com/aave/introducing-a-new-economy-model-decentralized-microstaking-cf8b2e41fa6
    08-08-2018 – Introducing particle collateral call, liquidation protection, new pegs and new version teaser images
    https://medium.com/aave/dev-update-introducing-partial-collateral-call-liquidation-protection-pegs-and-teaser-images-1e6985d55358
    04-07-2018 – Development update, new statistics page and 10 different languages supported
    https://medium.com/aave/kogia-alpha-0-3-development-update-statistics-translations-and-more-90b4df2e6ac7
    05-06-2018 – Development update + addition of 94 new tokens as collateral in ETHLend
    https://medium.com/aave/kogia-alpha-0-3-development-update-94-new-tokens-d10e0fc5b91d
    14-05-2018 – ETHLend Alpha 0.3 (Kogia) released on mainnet
    https://medium.com/aave/breaking-news-kogia-0-3-alpha-released-on-mainnet-1-000-000-lend-in-rewards-c9c8588c998b
    05-04-2018 – ETHLend Alpha 0.3 (Kogia) released on testnet
    https://medium.com/aave/ethlend-unleashes-alpha-0-3-kogia-to-ethereum-testnet-6cf17b9a8500
    27-03-2018 – New milestones and testnet launch announced for ETHLend Alpha 0.3 “Kogia”
    https://medium.com/aave/breaking-news-ethlend-0-3-kogia-testnet-launch-announced-user-experience-in-focus-db01231354f
    19-02-2018 – Over 4,000 ETH Lending volume in ETHLend
    https://medium.com/aave/ethlend-reaches-record-breaking-over-4-000-eth-lending-volume-87b4db5dfade
    01-02-2018 – Zero fee lending with LEND as currency and half fees with LEND as collateral
    https://medium.com/aave/introducing-zero-fee-lending-when-lend-is-used-as-the-medium-and-50-fee-reduction-for-lend-backed-199d0e6abddf
    29-01-2018 – New LEND token utility and fee structure
    https://medium.com/aave/development-update-unboxing-the-new-lend-utility-and-fee-structure-lend-to-become-the-blockchain-a62df4e03273
    15-12-2017 - ETHLend Alpha 0.2 “Omura” launched in mainnet
    https://medium.com/aave/dev-update-ethlend-alpha-0-2-launched-today-welcome-to-the-beginning-of-crypto-finance-8aa6464139c7 [/li][/list]


    Roadmap Extension and Legacy White Paper

    Roadmap Extension:
    https://medium.com/aave/aave-roadmap-extension-introducing-decentralized-lending-pools-dlps-66c3057ecaa7
    Legacy White Paper:  
    https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

    The Team

    Introducing our core team:
    Stani Kulechov, Founder & CEO, stani@aave.com
    Jordan Lazaro Gustave, COO, jordan@aave.com
    Irene Fucile, Business Development, irene@aave.com
    Ville Valkonen, CCO, ville@aave.com
    Pablo Candela Andrade, Support Manager, pablo@aave.com
    To get to know the whole team, visit https://aave.com/press

    Media Publications on Aave/ETHLend

    https://defiprime.com/ethlend
    https://www.badcredit.org/news/ethlend-facilitates-crypto-backed-loans-for-fast-borrowing/
    https://www.coindesk.com/decentralized-finance-emerges-as-banner-topic-at-ethereum-denver-conference
    https://www.forbes.com/sites/astanley/2018/10/29/brave-new-world-of-crypto-lending-platforms-navigate-turbulent-2018-market/#35f7e71c1672
    https://www.forbes.com/sites/astanley/2018/10/29/brave-new-world-of-crypto-lending-platforms-navigate-turbulent-2018-market/#35f7e71c1672
    https://www.bloomberg.com/news/articles/2019-01-02/thriving-on-bitcoin-s-bust-lenders-aid-both-fanatics-and-shorts
    https://cointelegraph.com/news/defi-and-credit-on-the-blockchain-why-loans-are-better-when-theyre-decentralized

    Frequently Asked Questions

    In our learn center you can consult many frequent question and topics about our products:
    https://learn.aave.com/hc/en-us

    Ratings

    https://coinmarketcap.com/currencies/aave/#ratings
    https://defiprime.com/decentralized-lending
    https://info.binance.com/en/currencies/aave
    https://www.stateofthedapps.com/dapps/ethlend
    https://www.dapp.com/dapp/ETHLend
    https://www.dapptotal.com/detail/3490


    3  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] [PreICO] [ICO] ETHLend - Decentralized Lending DApp - The Game Changer on: August 14, 2017, 11:01:39 PM


    ETHLend – Decentralized Lending on Ethereum Network

    The first and only decentralized lending application on the Ethereum network.

    About Page: https://ethlend.io

    Video: https://youtu.be/IGaoqUoL1F4

    White Paper

    White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

    What is ETHLend?



    ETHLend is a decentralized peer to peer lending application built on top of the Ethereum Network, using blockchain technology to enable secure and transparent lending.

    ETHLend is developing a global lending market where borrowers and lenders from all parts of the world can participate in lending. The aim of ETHLend is to provide a transparent and global lending market and to erase interest rate differences between countries by providing more liquidity to local lending markets. ETHLend solves key issues regarding to collaterals, decentralized credit rating and exchange volatility risks, which enables the concept of decentralized lending experience.

    The team behind ETHLend consists of 20 people who share the same aim to deliver decentralized lending to everyone. ETHLend differs from most blockchain startups by the fact that the team introduced their alpha release in early May this year. Based on the practical findings, ETHLend provided a detailed White Paper on how decentralized lending might revolutionize the lending industry permanently.

    The DApp - Experience Decentralized Lending

    ETHLend DApp is located at https://app.ethlend.io

    You need to install MetaMask Google Chrome Add-on and set MetaMask to Main Ethereum Network.

    For Testing use https://test.ethlend.io and set MetaMask to Kovan testnet.

    Videos on how to use the DApp: https://www.youtube.com/watch?v=Tb6fzGXADho&list=PLf4N4wF5YKdoJDIe2D_Cg4cXWa-ruMpV5

    DAPP Thread: https://bitcointalk.org/index.php?topic=2013399

    Source code released on GitHub on 1 September 2017 during ETHLend Meetup event.



    Technical Roadmap

    We consider ETHLend as a long term project. However, to make most of us, concrete deadlines are necessary. Therefore, we shall introduce the following roadmap for technical implementations:

    ETHLend Alpha on Ethereum main-net on May 2017 (Milestone achieved)

    ENS Domains as collateral on June 2017 (Milestone achieved)

    Reputation-based Lending with CRE on July 2017 (Milestone achieved)

    Token Sale Smart Contract on August 2017

    Security Audit for the Token Sale Smart Contract on September 2017

    USD/FIAT Based Loans and Installments December 2017

    On-Demand and Crowd Lending (Loan Offers from Lenders) on February 2018

    User Experience Upgrade on March 2018

    Decentralized Credit Rating (DCR) on March 2018

    Penalties for Late Payment on April 2018

    Lending Bitcoin on April 2018

    LEND accepted as payment with 25% discount on May 2018

    Gateway for Decentralized Providers (uPort, Civic) to DCR on May 2018*

    Oracles: Centralized feeds to DCR on May 2018*

    Second User Experience Upgrade on July 2018

    Protocol to enable AI and Big Data to assess Credit Risk on August 2018*

    Revenue scheme for AI Credit Risk bot creators on September 2018*

    Prediction Market to Assess Credit Risk on October 2018*

    Lending Other Altcoins on November 2018*

    Protocol to Enable Insurance Policies (with AI bots) on March 2019

    Sophisticated collateral control (Calling & Liquidating the collateral) on May 2019

    * These milestones are developed if the token sale cap (1 000 000 000 LEND is reached) due to the vast amount of resources these particular milestones require.

    Governance Roadmap

    Road to decentralization. ETHLend introduces the following roadmap adopting changes, improvements and governance to ETHLend:

    White Paper on Decentralized Lending on June 2017 (Milestone achieved)

    Incorporating in Hong Kong on August 2017 (Milestone achieved)

    LEND Token Pre-Sale on September 2017

    LEND Token Sale on November 2017

    Relocating to Zug and Swiss Foundation or Swiss LLC on December 2017

    LEND Trading on Exchanges on January 2018

    Buybacks and Burning for LEND starts on January 2018

    Opening Suggestions Venue for Public on October 2018

    Creating and Testing Democracy DAO on November 2018

    Voting on Suggestions Deployed on January 2019

    Vesting for LEND Ends on December 2019

    Timeline

    Timeline of the milestones:

    https://about.ethlend.io/timeline/

    Upcoming Token Sale



    While ETHLend is continuing to develop the decentralized application further, the team also revealed details on the upcoming pre token sale. ETHLend introduces LEND token for contributors who are participating in the token sale. The main utility function of LEND is the ability to use it for paying deployment fees on ETHLend with a 25% discount compared to ETH. Additionally, ETHLend shall provide other privileges for LEND token holders based on the community suggestions once the DAPP has grown into a full scale lending market.

    The participants in pre-token sale will receive 20% bonus tokens as a reward for early contribution. The funding aim concerning the pre-token sale is 2 000 ETH (6% of total sold token), which will be used for financing further research and development of our decentralized lending application. The purpose of the pre-sale is also to prepare for the upcoming official token sale on the 25 November 2017.

    ETHLend pre-sale ICO details:

    Starting:   25.09.2017 kl. 12.00 GMT
    Ending:   25.10.2017 kl. 23.59 GMT or when the cap is reached

    AMOUNT TO RAISE:   2 000 ETH

    TOKEN FOR SALE:   60 000 000 LEND (6% of total sold tokens)
    LEND TOKEN PRICE:   30 000 LEND = 1 ETH
    (price includes 20% bonus tokens for all pre-sale participants)

    Pre-sold tokens are deducted from the 1 000 000 000 LEND sold on official token sale.

    Official ETHLend token sale ICO details:

    Starting:   25.11.2017 kl. 12.00 GMT
    Ending:   9.12.2017 kl. 23.59 GMT or when the cap is reached

    AMOUNT TO RAISE:   37 600 ETH

    TOKEN FOR SALE:   1 000 000 000 LEND (deducted by pre-sold tokens)

    LEND TOKEN PRICE:   First 200 000 000 LEND:   27 500 LEND = 1 ETH
    (price includes 10% bonus tokens)

    Next 100 000 000 LEND:   26 250 LEND = 1 ETH
    (price includes 5% bonus tokens)

    Remaining LEND:      25 000 LEND = 1 ETH


    Buying Unused LEND back - Burnbacks

    Buybacks are used to remove inefficient and unused LEND from the market to avoid price decrease on LEND and to strengthen the position of the DAPP users.
    Buybacks increase the value of LEND by limiting the total supply of the token and by increasing the percentage of the ownership of token holder’s LEND. Buybacks mean that ETHLend will use part of its fees to buy LEND from exchanges and burn these tokens (erasing the tokens forever).

    ETHLend derives cash-flow when loan requests are deployed or funded. These fees are in place to fund the development of decentralized lending on ETHLend. Currently, the fees for deploying a loan request is set to 0.01 ETH, which the borrower pays. Similarly, the lender pays 0.01 ETH for funding the loan (these fees are subject to change).
    ETHLend will use flat 5% of these fees to buy LEND from the exchange to burn the LEND. Moreover, additional 1 to 5% is used on top of the flat 5% fee depending on the fee volume growth in ETHLend (compared to previous year’s volume). Therefore, ETHLend can use as much as 10% of the fees for buybacks to increase the value of LEND and the percentage of the ownerships of token holders by decreasing the total supply of LEND permanently. The buybacks start on January 2018. Here is a demonstration of the fees used for buyback:

    First year (during 2018) = 5%
    5% + additional 1% if fee revenue is 20% higher than in previous year
    5% + additional 2% if fee revenue is 40% higher than in previous year
    5% + additional 3% if fee revenue is 60% higher than in previous year
    5% + additional 4% if fee revenue is 80% higher than in previous year
    5% + additional 5% if fee revenue is 100% higher than in previous year

    Creating more value for the DAPP users. The buyback model provides value to use for holding LEND. Therefore, buybacks motivates to use the token due to the increasing added value effect. When the price of LEND is increasing, the DAPP users can spend less LEND for paying the deployment fees.

    Secondarily and indirectly, LEND provides token holders cash-flow. When the percentage of the token holders ownership is increasing, the token holder can sell the increased portion on every burn to realize profit. This makes LEND sought after token.

    The aim is to deliver strong token to the market and reward the token sale participants for early involvement.

    Token Sale Smart Contract

    Currently on security audit. After the security audit, the code is released on GitHub with the report.

    The Team

    Introducing our team:

    Stani Kulechov, Founder of ETHLend & Development, stani@ETHLend.io

    https://www.linkedin.com/in/stanislav-kulechov-361284132/

    Jordan Lazaro Gustave, Head of Management, jordan@ETHLend.io

    https://www.linkedin.com/in/jordan-lazaro-gustave-32018976/

    Martin Wichmann, Head of Token Sale, martin@ETHLend.io

    https://www.linkedin.com/in/martin-wichmann-89722561/

    Adnan Javed, Legal Advisor, adnan@ETHLend.io

    https://www.linkedin.com/in/adnan-javed/

    Sergej Stein, Financial Advisor & Blog, sergej@ETHLend.io

    https://www.linkedin.com/in/sergej-stein/

    Kersten Schütze, Head of Corporate Strategy, kersten@ETHLend.io

    https://www.linkedin.com/in/kersten-sch%C3%BCtze-5ab3a2100/

    Scott Malsbury, Head of Communications, scott@ETHLend.io

    https://www.linkedin.com/in/scott-malsbury-a6260b12/?ppe=1

    Jin Park, Head of Marketing, jin@ETHLend.io

    https://www.linkedin.com/in/jin-park-27989ab8/

    Rowan Van Ginkel, Graphics & Visualization

    https://www.linkedin.com/in/rowanvanginkel/

    Edmund To, Lead Junior Developer

    https://www.linkedin.com/in/edmundto/

    Anastasija Plotnikova, Advisor & Translations

    https://www.linkedin.com/in/anastasija-plotnikova-9b972735/?ppe=1

    Nolvia Serrano, Media Correspondent

    https://www.linkedin.com/in/nolvia-serrano-ba7362b2/

    Kelly Pope, Social Media

    https://www.linkedin.com/in/smospider/

    Andreas Haraldsvik, Slack Wizard

    https://www.linkedin.com/in/andreas-haraldsvik-21140768/

    Opinder Preet Singh, Local Advisor on Indian Subcontinent

    https://www.linkedin.com/in/opinderpreet/

    Stephen You, Head of Korean Desk



    Media Publications on ETHLend

    http://www.newsbtc.com/2017/07/03/rise-decentralized-p2p-crypto-currency-lending/

    https://www.cryptoninjas.net/2017/06/01/ethlend-introduces-secured-loans-ethereum-blockchain/

    http://blockchain-finance.com/2017/07/11/global-lending-market-using-ethereum-blockchain/

    https://fintech-mag.com/ethlend-blockchain-ethereum/

    http://btcwonder.com/ethlend-making-lending-safe-secure/

    http://dappsguru.com/2017/07/16/ethlend/

    https://bitcoinexchangeguide.com/ethlend/

    https://www.coinspeaker.com/2017/06/02/ethlend-unveils-secured-cryptocurrency-loans-based-ethereum-blockchain/

    https://coinjournal.net/pr-release/ethlend-gives-pre-sale-tokens-ethereum-enthusiasts-helping-hand/

    https://www.cryptoninjas.net/2017/07/21/ethlend-reveals-unsecured-decentralized-crypto-lending/

    https://www.btc-echo.de/press-release-ethlend/

    http://lending-times.com/2017/07/11/tuesday-july-11-2017-daily-news-digest/

    http://www.lendit.com/news/2017/07/10/new-company-seeks-provide-decentralized-lending-ethereum-network/

    https://btcoin.info/blockchain-startup-ethlend-wants-to-revolutionise-the-finance-lending-market/

    http://www.dailibu.cn/projectdevelopment/2017073787.html

    https://www.btc-echo.de/ethlend-veroeffentlicht-reputations-basierten-dezentralen-kreditverleih/

    https://www.marketslant.com/article/blockchain-startup-ethlend-introduces-working-capital-finance-initial-coin-offerings

    https://ethblogitalia.it/2017/07/25/ethlend/

    http://m.jinse.com/news/ethereum/51043.html

    https://www.taringa.net/posts/economia-negocios/19960418/ETHLend-Revolucion-en-el-mercado-financiero.html

    http://www.banklesstimes.com/2017/08/11/ethlend-preparing-for-ico/

    https://www.investitin.com/eth-lend/

    https://cryptoinsider.com/blockchain-loans-to-change-the-way-pre-icos-are-funded/

    https://www.territoriobitcoin.com/revolucion-en-el-mercado-financiero-de-los-prestamos-p2p/

    The Official ETHLend Big Bounty Program

    Contribute to ETHLend by participating to the bounty program. By helping ETHLend you will be rewarded with LEND and you are part of building the first decentralized lending market.

    https://bitcointalk.org/index.php?topic=2078686



    Frequently Asked Questions

    FAQ: https://about.ethlend.io/token-sale/

    Questions

    For questions use the Thread / Slack / Telegram / Discord (We love Discord) / WeChat (Chinese/Japanese) / KakaoTalk (Korean) / VKontakte (Russian)

    Social Media - Witness the Movement of Global Lending Market

    Discord (Better and safer than Slack): https://discord.gg/gcc7vpa

    Slack: https://join.slack.com/t/ethlend/shared_invite/MjAzMTM0MzEyNzA3LTE0OTg0MDk0NDItOGY0MTlkMTlmZA

    Telegram: https://t.me/joinchat/FWu2CQ0ZRCeWfey4eP8VhQ

    Reddit: https://www.reddit.com/r/ETHLend/

    Facebook: https://www.facebook.com/ETHLend/

    YouTube: https://www.youtube.com/watch?v=IGaoqUoL1F4&t=2s

    Twitter: https://twitter.com/ethlend1

    WeChat: @ETHLend

    KakaoTalk: https://open.kakao.com/o/gBzFr5y

    Vkontakte: https://vk.com/ethlend


    4  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] [PreICO] [ICO] ETHLend - Decentralized Lending DApp - The Game Changer on: August 14, 2017, 10:58:42 PM


    ETHLend – Decentralized Lending on Ethereum Network

    The first and only decentralized lending application on the Ethereum network.

    About Page: https://ethlend.io

    Video: https://youtu.be/IGaoqUoL1F4

    White Paper

    White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md

    What is ETHLend?



    ETHLend is a decentralized peer to peer lending application built on top of the Ethereum Network, using blockchain technology to enable secure and transparent lending.

    ETHLend is developing a global lending market where borrowers and lenders from all parts of the world can participate in lending. The aim of ETHLend is to provide a transparent and global lending market and to erase interest rate differences between countries by providing more liquidity to local lending markets. ETHLend solves key issues regarding to collaterals, decentralized credit rating and exchange volatility risks, which enables the concept of decentralized lending experience.

    The team behind ETHLend consists of 20 people who share the same aim to deliver decentralized lending to everyone. ETHLend differs from most blockchain startups by the fact that the team introduced their alpha release in early May this year. Based on the practical findings, ETHLend provided a detailed White Paper on how decentralized lending might revolutionize the lending industry permanently.

    The DApp - Experience Decentralized Lending

    ETHLend DApp is located at https://app.ethlend.io

    You need to install MetaMask Google Chrome Add-on and set MetaMask to Main Ethereum Network.

    For Testing use https://test.ethlend.io and set MetaMask to Kovan testnet.

    Videos on how to use the DApp: https://www.youtube.com/watch?v=Tb6fzGXADho&list=PLf4N4wF5YKdoJDIe2D_Cg4cXWa-ruMpV5

    DAPP Thread: https://bitcointalk.org/index.php?topic=2013399

    Source code released on GitHub on 1 September 2017 during ETHLend Meetup event.



    Technical Roadmap

    We consider ETHLend as a long term project. However, to make most of us, concrete deadlines are necessary. Therefore, we shall introduce the following roadmap for technical implementations:

    ETHLend Alpha on Ethereum main-net on May 2017 (Milestone achieved)

    ENS Domains as collateral on June 2017 (Milestone achieved)

    Reputation-based Lending with CRE on July 2017 (Milestone achieved)

    Token Sale Smart Contract on August 2017

    Security Audit for the Token Sale Smart Contract on September 2017

    USD/FIAT Based Loans and Installments December 2017

    On-Demand and Crowd Lending (Loan Offers from Lenders) on February 2018

    User Experience Upgrade on March 2018

    Decentralized Credit Rating (DCR) on March 2018

    Penalties for Late Payment on April 2018

    Lending Bitcoin on April 2018

    LEND accepted as payment with 25% discount on May 2018

    Gateway for Decentralized Providers (uPort, Civic) to DCR on May 2018*

    Oracles: Centralized feeds to DCR on May 2018*

    Second User Experience Upgrade on July 2018

    Protocol to enable AI and Big Data to assess Credit Risk on August 2018*

    Revenue scheme for AI Credit Risk bot creators on September 2018*

    Prediction Market to Assess Credit Risk on October 2018*

    Lending Other Altcoins on November 2018*

    Protocol to Enable Insurance Policies (with AI bots) on March 2019

    Sophisticated collateral control (Calling & Liquidating the collateral) on May 2019

    * These milestones are developed if the token sale cap (1 000 000 000 LEND is reached) due to the vast amount of resources these particular milestones require.

    Governance Roadmap

    Road to decentralization. ETHLend introduces the following roadmap adopting changes, improvements and governance to ETHLend:

    White Paper on Decentralized Lending on June 2017 (Milestone achieved)

    Incorporating in Hong Kong on August 2017 (Milestone achieved)

    LEND Token Pre-Sale on September 2017

    LEND Token Sale on November 2017

    Relocating to Zug and Swiss Foundation or Swiss LLC on December 2017

    LEND Trading on Exchanges on January 2018

    Buybacks and Burning for LEND starts on January 2018

    Opening Suggestions Venue for Public on October 2018

    Creating and Testing Democracy DAO on November 2018

    Voting on Suggestions Deployed on January 2019

    Vesting for LEND Ends on December 2019

    Timeline

    Timeline of the milestones:

    https://about.ethlend.io/timeline/

    Upcoming Token Sale



    While ETHLend is continuing to develop the decentralized application further, the team also revealed details on the upcoming pre token sale. ETHLend introduces LEND token for contributors who are participating in the token sale. The main utility function of LEND is the ability to use it for paying deployment fees on ETHLend with a 25% discount compared to ETH. Additionally, ETHLend shall provide other privileges for LEND token holders based on the community suggestions once the DAPP has grown into a full scale lending market.

    The participants in pre-token sale will receive 20% bonus tokens as a reward for early contribution. The funding aim concerning the pre-token sale is 2 000 ETH (6% of total sold token), which will be used for financing further research and development of our decentralized lending application. The purpose of the pre-sale is also to prepare for the upcoming official token sale on the 25 November 2017.

    ETHLend pre-sale ICO details:

    Starting:   25.09.2017 kl. 12.00 GMT
    Ending:   25.10.2017 kl. 23.59 GMT or when the cap is reached

    AMOUNT TO RAISE:   2 000 ETH

    TOKEN FOR SALE:   60 000 000 LEND (6% of total sold tokens)
    LEND TOKEN PRICE:   30 000 LEND = 1 ETH
    (price includes 20% bonus tokens for all pre-sale participants)

    Pre-sold tokens are deducted from the 1 000 000 000 LEND sold on official token sale.

    Official ETHLend token sale ICO details:

    Starting:   25.11.2017 kl. 12.00 GMT
    Ending:   9.12.2017 kl. 23.59 GMT or when the cap is reached

    AMOUNT TO RAISE:   37 600 ETH

    TOKEN FOR SALE:   1 000 000 000 LEND (deducted by pre-sold tokens)

    LEND TOKEN PRICE:   First 200 000 000 LEND:   27 500 LEND = 1 ETH
    (price includes 10% bonus tokens)

    Next 100 000 000 LEND:   26 250 LEND = 1 ETH
    (price includes 5% bonus tokens)

    Remaining LEND:      25 000 LEND = 1 ETH


    Buying Unused LEND back - Burnbacks

    Buybacks are used to remove inefficient and unused LEND from the market to avoid price decrease on LEND and to strengthen the position of the DAPP users.
    Buybacks increase the value of LEND by limiting the total supply of the token and by increasing the percentage of the ownership of token holder’s LEND. Buybacks mean that ETHLend will use part of its fees to buy LEND from exchanges and burn these tokens (erasing the tokens forever).

    ETHLend derives cash-flow when loan requests are deployed or funded. These fees are in place to fund the development of decentralized lending on ETHLend. Currently, the fees for deploying a loan request is set to 0.01 ETH, which the borrower pays. Similarly, the lender pays 0.01 ETH for funding the loan (these fees are subject to change).
    ETHLend will use flat 5% of these fees to buy LEND from the exchange to burn the LEND. Moreover, additional 1 to 5% is used on top of the flat 5% fee depending on the fee volume growth in ETHLend (compared to previous year’s volume). Therefore, ETHLend can use as much as 10% of the fees for buybacks to increase the value of LEND and the percentage of the ownerships of token holders by decreasing the total supply of LEND permanently. The buybacks start on January 2018. Here is a demonstration of the fees used for buyback:

    First year (during 2018) = 5%
    5% + additional 1% if fee revenue is 20% higher than in previous year
    5% + additional 2% if fee revenue is 40% higher than in previous year
    5% + additional 3% if fee revenue is 60% higher than in previous year
    5% + additional 4% if fee revenue is 80% higher than in previous year
    5% + additional 5% if fee revenue is 100% higher than in previous year

    Creating more value for the DAPP users. The buyback model provides value to use for holding LEND. Therefore, buybacks motivates to use the token due to the increasing added value effect. When the price of LEND is increasing, the DAPP users can spend less LEND for paying the deployment fees.

    Secondarily and indirectly, LEND provides token holders cash-flow. When the percentage of the token holders ownership is increasing, the token holder can sell the increased portion on every burn to realize profit. This makes LEND sought after token.

    The aim is to deliver strong token to the market and reward the token sale participants for early involvement.

    Token Sale Smart Contract

    Currently on security audit. After the security audit, the code is released on GitHub with the report.

    The Team

    Introducing our team:

    Stani Kulechov, Founder of ETHLend & Development, stani@ETHLend.io

    https://www.linkedin.com/in/stanislav-kulechov-361284132/

    Jordan Lazaro Gustave, Head of Management, jordan@ETHLend.io

    https://www.linkedin.com/in/jordan-lazaro-gustave-32018976/

    Martin Wichmann, Head of Token Sale, martin@ETHLend.io

    https://www.linkedin.com/in/martin-wichmann-89722561/

    Adnan Javed, Legal Advisor, adnan@ETHLend.io

    https://www.linkedin.com/in/adnan-javed/

    Sergej Stein, Financial Advisor & Blog, sergej@ETHLend.io

    https://www.linkedin.com/in/sergej-stein/

    Kersten Schütze, Head of Corporate Strategy, kersten@ETHLend.io

    https://www.linkedin.com/in/kersten-sch%C3%BCtze-5ab3a2100/

    Scott Malsbury, Head of Communications, scott@ETHLend.io

    https://www.linkedin.com/in/scott-malsbury-a6260b12/?ppe=1

    Jin Park, Head of Marketing, jin@ETHLend.io

    https://www.linkedin.com/in/jin-park-27989ab8/

    Rowan Van Ginkel, Graphics & Visualization

    https://www.linkedin.com/in/rowanvanginkel/

    Edmund To, Lead Junior Developer

    https://www.linkedin.com/in/edmundto/

    Anastasija Plotnikova, Advisor & Translations

    https://www.linkedin.com/in/anastasija-plotnikova-9b972735/?ppe=1

    Nolvia Serrano, Media Correspondent

    https://www.linkedin.com/in/nolvia-serrano-ba7362b2/

    Kelly Pope, Social Media

    https://www.linkedin.com/in/smospider/

    Andreas Haraldsvik, Slack Wizard

    https://www.linkedin.com/in/andreas-haraldsvik-21140768/

    Opinder Preet Singh, Local Advisor on Indian Subcontinent

    https://www.linkedin.com/in/opinderpreet/

    Stephen You, Head of Korean Desk



    Media Publications on ETHLend

    http://www.newsbtc.com/2017/07/03/rise-decentralized-p2p-crypto-currency-lending/

    https://www.cryptoninjas.net/2017/06/01/ethlend-introduces-secured-loans-ethereum-blockchain/

    http://blockchain-finance.com/2017/07/11/global-lending-market-using-ethereum-blockchain/

    https://fintech-mag.com/ethlend-blockchain-ethereum/

    http://btcwonder.com/ethlend-making-lending-safe-secure/

    http://dappsguru.com/2017/07/16/ethlend/

    https://bitcoinexchangeguide.com/ethlend/

    https://www.coinspeaker.com/2017/06/02/ethlend-unveils-secured-cryptocurrency-loans-based-ethereum-blockchain/

    https://coinjournal.net/pr-release/ethlend-gives-pre-sale-tokens-ethereum-enthusiasts-helping-hand/

    https://www.cryptoninjas.net/2017/07/21/ethlend-reveals-unsecured-decentralized-crypto-lending/

    https://www.btc-echo.de/press-release-ethlend/

    http://lending-times.com/2017/07/11/tuesday-july-11-2017-daily-news-digest/

    http://www.lendit.com/news/2017/07/10/new-company-seeks-provide-decentralized-lending-ethereum-network/

    https://btcoin.info/blockchain-startup-ethlend-wants-to-revolutionise-the-finance-lending-market/

    http://www.dailibu.cn/projectdevelopment/2017073787.html

    https://www.btc-echo.de/ethlend-veroeffentlicht-reputations-basierten-dezentralen-kreditverleih/

    https://www.marketslant.com/article/blockchain-startup-ethlend-introduces-working-capital-finance-initial-coin-offerings

    https://ethblogitalia.it/2017/07/25/ethlend/

    http://m.jinse.com/news/ethereum/51043.html

    https://www.taringa.net/posts/economia-negocios/19960418/ETHLend-Revolucion-en-el-mercado-financiero.html

    http://www.banklesstimes.com/2017/08/11/ethlend-preparing-for-ico/

    https://www.investitin.com/eth-lend/

    https://cryptoinsider.com/blockchain-loans-to-change-the-way-pre-icos-are-funded/

    https://www.territoriobitcoin.com/revolucion-en-el-mercado-financiero-de-los-prestamos-p2p/

    The Official ETHLend Big Bounty Program

    Contribute to ETHLend by participating to the bounty program. By helping ETHLend you will be rewarded with LEND and you are part of building the first decentralized lending market.

    https://bitcointalk.org/index.php?topic=2078686



    Frequently Asked Questions

    FAQ: https://about.ethlend.io/token-sale/

    Questions

    For questions use the Thread / Slack / Telegram / Discord (We love Discord) / WeChat (Chinese/Japanese) / KakaoTalk (Korean) / VKontakte (Russian)

    Social Media - Witness the Movement of Global Lending Market

    Discord (Better and safer than Slack): https://discord.gg/gcc7vpa

    Slack: https://join.slack.com/t/ethlend/shared_invite/MjM3NzI4NTAzMjAzLTE1MDQ4MDk3ODMtNTNkMTcxNTM3Mg

    Telegram: https://t.me/joinchat/FWu2CQ0ZRCeWfey4eP8VhQ

    Reddit: https://www.reddit.com/r/ETHLend/

    Facebook: https://www.facebook.com/ETHLend/

    YouTube: https://www.youtube.com/watch?v=IGaoqUoL1F4&t=2s

    Twitter: https://twitter.com/ethlend1

    WeChat: @ETHLend

    KakaoTalk: https://open.kakao.com/o/gBzFr5y

    Vkontakte: https://vk.com/ethlend


    5  Alternate cryptocurrencies / Bounties (Altcoins) / ETHLend - Decentralized Lending - The Big Bounty Program on: August 10, 2017, 07:11:01 PM

    ETHLEND BOUNTY CAMPAIGN IS OVER AND DISTRIBUTION TO PARTICIPANTS READY TO BEGIN


    LEND BOUNTY distribution will officially start on January 31st.

    Participants are required to claim their tokens by using claim form here:

    https://docs.google.com/forms/d/e/1FAIpQLSehAU6iw0teGoZxHvDcisok1KWD2f_mxCHOBXC9Bm_a9aWYDA/viewform?usp=sf_link

    Participants have until January 28th 22:00 GMT to fill out the claim form. If participant misses this deadline he should contact ETHLend team through Telegram.

    Tokens will then be distributed among claimants at 2 million LEND on weekly intervals starting on January 31st. Staggered pay-out is to protect LEND token holders and due to the ETH Network congestion. Claim form is due to high number of requests by participants to change their wallet addresses due to recent compromises and hacks of different wallets.

    Participants can find FINAL spreadsheets here:

    Social Campaign including Signature and Avatar:

    https://docs.google.com/spreadsheets/d/1bKKw06n0Dh5NNJnosNKN98HdLb74GpT3uejo4WCaLQA/edit?usp=sharing

    Translations, Blog and MEME:

    https://docs.google.com/spreadsheets/d/1j4Kx2pMcSDIyxH3itHiTQBM_Ea9fDMQyZCLFKwA1fds/edit?usp=sharing

    ALL claims will be checked before sent and any attempt to cheat in the process will in minor incidents lead to dropping down the pay-out list to be the last one to receive tokens and in major instances losing all the bounty tokens, which would revert to the Bounty pool to be awarded to other participants.

    If participants have any questions regarding distribution, please join our Telegram Channel: https://t.me/ETHLend and ask for Ville (@vvville)

    Answers to this Claim form can be found here where you can see when we have paid out your tokens:

    https://docs.google.com/spreadsheets/d/1lPwt_kvVOqyDD7bRaTjJvlICEcauTRzYAR7l7g9QYiE/edit?usp=sharing


    6  Economy / Economics / What must happen so that cryptocurrencies are less volatile? on: July 26, 2017, 01:48:48 PM
    What would it take?

    Does the volatility settle if certain amount of merchants accept payments in crypto? Or should there be more people that would get paid in crypto? OR should there be a cryptoeconomy where people and businesses get income in crypto and spent the crypto?

    Furthermore, could the volatility be even solved? I mean of more and more people are getting into Bitcoin, when would such demand cycle cool down?

    I would like to know the economics behind it.
    7  Alternate cryptocurrencies / Altcoin Discussion / Crypto Lending - Is Lending Crypto Currency Ready? on: July 18, 2017, 09:46:01 AM
    Does anyone lend, borrow Crypto? How and where you do it? How do you make sure that the borrower pays back? What are the benefits or drawbacks on lending cryptos? Are you lending from peers or using margin?
    8  Alternate cryptocurrencies / Service Announcements (Altcoins) / ETHLend - Decentralized Lending on Ethereum Network (bounty) on: July 11, 2017, 03:37:21 AM





    Recent News:

    I.Stani and Jordan Speaks in Paris on ETHLend in Blockchain Agora right now!





    II. 2/12/17 ETHLend is listed on: EtherDelta, Kuocoin, Cex.com, HITBTC

    III. 30/11/17  ICO is over. Thank you everyone for the participation!






    About the project

    ETHLend, a 100% decentralized peer to peer lending platform, is a decentralized application (DAPP) developed upon the Ethereum Network.

    As the global P2P lending market is expected to grow at a CAGR of 53.06% during the period 2016-2020, the need for a secure, blockchain based way of lending is growing steadily. Moreover, lending between participants from different parts of the world is now accessible.

    Smart contracts

    From now on, ETHLend’s Smart Contracts ensures - anywhere, anytime – immediate secure lending and borrowing possibilities, stimulating lenders and borrowers quicker than any known financial institution on the planet. Finally reducing interest rate differences between different parts of the world by providing global liquidity pool by peer to peer.
    With our first loan completed on 8 June, ETHLend is already working hard and efficiently to give everyone the ability for decentralized lending. One of the major advantages of Blockchain-based decentralized lending is the fact that it offers accessibility to global capital and reduces the dependence on bank procedures or even the access to banking infrastructures in developing countries.

    Сollateral

    The process is simple. Instead of lending FIAT currencies, users use Ether, a crypto-currency that runs the Ethereum blockchain network. Since lending is decentralized, the loans are running on blockchain, which means that once deployed, no one can manipulate, change or prevent the loans (not even ETHLend), thus providing security by design.
    Secured loans. The borrower uses ERC-20 compatible tokens that may represent any value as a collateral for loans. Alternatively, borrower may use Ethereum Name Service (ENS) domains as a collateral. Today ERC-20 tokens are valued over few billion USD and ENS domains contain locked Ether that is rising near to a billion USD. As these figures are increasing astronomically, demand for decentralized crypto-lending will boom.

    The power of tokenization. In the near future, the borrower might buy a house in the UK, place the house on ERC-20 compatible token to represent the value of the house and pledge the token for a loan on ETHLend. Instead of settling for local lenders, the borrower can access funders across the world, adding more competition on interest rates. Tokenization could be used similarly to fund a solar power plant, buildings, tuitions or even a purchase of a dog.


    Team
    ETHLend consists of an international team committed to change the world’s perspective on access to credit and micro-credit. The ETHLend team aims to provide more democracy to lending by removing interest rate differences between different nations by providing more liquidity when there are less excessive barriers on lending.

    More details on what ETHLend is developing at http://about.ethlend.io  


    9  Alternate cryptocurrencies / Bounties (Altcoins) / Call for Discussion on Upcoming Token Sale - Rewarding Tokens for Ideas on: July 10, 2017, 12:23:57 AM
    Hello Bitcointalk community!

    GET ALLOCATED 3000 LEND TOKEN BY GIVING US YOUR BEST SUGGESTIONS TO MAKE OUR ICO THE MOST INTERESTING TO YOU.

    ETHLend is a fully decentralized lending platform that runs on the Ethereum network. We are creating a lending market on the blockchain.

    ETHLend provides the possibility of lending between people that do not know each other. Our goal is to provide a transparent and global lending market and to erase interest rates differences between countries.

    We, here at ETHLend, are working relentlessly towards making our ICO happen. We’re figuring out all the details and updating our whitepaper according to your early and relevant reviews.

    ETHLend will issue 1 billion LEND tokens for sale and another 300 million tokens for the development fund. There will be no follow-up sales and no new LEND tokens minted, unsold token will be burnt.

    And now, we are reaching out to you! Give us your best suggestions! Anything form token amount, value proposition of LEND or anything else that you wish you could see into our ICO.

    Best suggestions will get into our white paper and a reward of 3000 LEND tokens will be won for each chosen suggestions.

    The call to contribution will end on 07/14/2017 at 7 am EST / 12 pm GMT!

    More info : http://about.ethlend.io/

    Our Reddit: https://www.reddit.com/r/ETHLend/

    Start lending : http://ethlend.io/main/1

    Follow us : https://www.facebook.com/ETHLend/

    Telegram: https://t.me/joinchat/FWu2CQ0ZRCeWfey4eP8VhQ
    Pages: [1]
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