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It's actually been informed on their TG group several times, while discussion about it was scattered all over the channel every now and then. But yeah, they're lacking update on this forum. Let me see if I can ask their officials to popping in here.
This is so sad that almost all discussions, especially about all new altcoins projects moved to Telegram. Bitcointalkwas forme always the first place to go if I wanted to learn something about the project or to check the latest developments, actual progress, roadmap, insider news. Today I see almost no discussions in ANN threads and I am not talking about shitcoins only projects like EThLend for example. All I see are multiple questions from new accounts which tells me that the project uses bumping service to bring attention to the thread and project but such behavior brings only more suspicious members. It's a shame that Bitcointalk is losing the battle for discussions with other apps.
Take the same ETHLEND used to be the top 1 on lending. Now top 1 - Compound. (this is from the information that I know and what I use).
Hi Scolary23!
I a same way ETHLend (now Aave) is about release our new lending protocol, called Aave. This protocol is similar in the pooling model as Compound, but with several benefits from the beginning as:
- Open source protocol, the code of the whole protocol is open source which means the conditions of the service won't change and the code is available to be used by anyone. Currently Compound is open coded but its copyrighted, meaning their service condition could change at some point.
- Stable rate in addition with variable rate (based on offer and demand as compound), this rate will take an average of the different lending platforms with some margin to be allowed to give a more stable rate for the borrowers. To avoid them to be affected so much with the volatility as now its happening.
- Flash Loans, allowing to borrow without collateral in one transaction, mainly a feature for developers of liquidation, arbitrage solution which is really powerful. I suggest you to check more details here: https://twitter.com/The3D_/status/1182486591039655936?s=19
- The service would be available for end users in our own client. For other services using our API. Or directly using the smart contracts (ABI).
- New assets in comparison with other similar platforms and possible addition of even more new assets, unliquid assets would be also possible to be added only as deposit option, available to be borrowed but not as collateral due to their difficult to be liquided.
- Creation of DAO. The decisions on the protocol, inclusion of assets, price providing, new features and logic will be added based on voting using LEND/Aave token. Allowing token holders to vote on the protocol decision/future linking the token value totally with the protocol/product and funds allocated on it.
In one/two weeks, we are releasing the product in testnet publicly so anyone could test it and start building their own solution. I suggest you to follow our social networks and blog!
