ETHLend - Decentralized Lending on Ethereum Network (bounty)

[inanilujimi]

Good project
I have a question whether what we borrow is the same as what we pay?
While the market price could go down could also rise?

[Stunny]

ETHLend will host a Bar Talk in Hong Kong on the hottest topics on blockchain and the upcoming ICO.

If you are in town, join the event: https://www.meetup.com/ETHLend/ 

[Stunny]

Good project
I have a question whether what we borrow is the same as what we pay?
While the market price could go down could also rise?

I will add FIAT pegging so that you can use for example USD as the base currency, so that you are not encountered with volatility.

[k_sch321]

Who will guarantee the repayment of debt? 

Because of the collaterals you do not need a guarantee from anyone, the lender would just receive the agreed collateral as compensation in case of default. On another note, ETHLend is also working on international legal enforcement, in that case you don't even necessarily need a collateral. You have a tokenized promissory note, which is simply a universally accepted "I promise to pay you this much". In that case the local law enforcement agency is your guarantee.

[Yza_azY]

UPDATE:

https://www.facebook.com/ETHLend/photos/a.1849527738700518.1073741828.1848586068794685/1896674480652510


If you are interested in brainstorming or to lurk on the process on how decentralized lending is build on Ethereum network and follow one of the most interesting blockchain projects this autumn, join our Facebook or Telegram (https://t.me/ETHLend)! We will not bite Smiley


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

[Yza_azY]

Meet the team


https://www.youtube.com/watch?v=z2XnxTOrhKo



Start Lending @ ETHLend DAPP 
http://app.ethlend.io
To learn more about ETHLend,
join our ETHLend Slack and Telegram
For more information about ETHLend,

Telegram: https://t.me/ethlend

[Yza_azY]

Reddit:

Winner of July Brainstorming Competition: • r/ETHLend

https://www.facebook.com/ETHLend/posts/1909135019406456

[Stunny]

Guys, we made top 5 on ICOBench! share this with your friends! https://icobench.com/ico/ethlend 

[slaman29]

Who will guarantee the repayment of debt? 

Because of the collaterals you do not need a guarantee from anyone, the lender would just receive the agreed collateral as compensation in case of default. On another note, ETHLend is also working on international legal enforcement, in that case you don't even necessarily need a collateral. You have a tokenized promissory note, which is simply a universally accepted "I promise to pay you this much". In that case the local law enforcement agency is your guarantee.

Sounds perfect but only in the perfect world. Even here with escrows and collaterals, there is little to protect from defaulters. The hassle to get back everything falls on the lender. One more thing... what is this universally accepted IOI? Local law enforcement guarantee? Surely this is some Utopia far from realistic territory!

[Mohank]

Do you think Saltlending as a competitor for you? If not where else you guys are different?

[Stunny]

Who will guarantee the repayment of debt? 

Because of the collaterals you do not need a guarantee from anyone, the lender would just receive the agreed collateral as compensation in case of default. On another note, ETHLend is also working on international legal enforcement, in that case you don't even necessarily need a collateral. You have a tokenized promissory note, which is simply a universally accepted "I promise to pay you this much". In that case the local law enforcement agency is your guarantee.

Sounds perfect but only in the perfect world. Even here with escrows and collaterals, there is little to protect from defaulters. The hassle to get back everything falls on the lender. One more thing... what is this universally accepted IOI? Local law enforcement guarantee? Surely this is some Utopia far from realistic territory!

I agree that defaulters are hassle but that is life  Lender takes the opportunity to make profit and this is the another side of the coin. Usually default rate correlates interest rates. However, smart contract do make collateral handling quite easy when using ERC-20 compatible tokens. If the borrower defaults, the lender claim the tokens and sells --> regains losses.

[Stunny]

Do you think Saltlending as a competitor for you? If not where else you guys are different?

We do get asked this question time to time. However, I do not see Salt as a competition per se since they operate in a different concept. We are focused on p2p crypto lending, whereas Salt helps you to unlock FIAT and we focus on unlocking Crypto from ERC-20 token collaterals.

[Mohank]

Do you think Saltlending as a competitor for you? If not where else you guys are different?

We do get asked this question time to time. However, I do not see Salt as a competition per se since they operate in a different concept. We are focused on p2p crypto lending, whereas Salt helps you to unlock FIAT and we focus on unlocking Crypto from ERC-20 token collaterals.

Yup understood after reading Wp. Thank you

[Stunny]

Hi All,

Kind reminder, we are migrating to Telegram (from Slack and Discord) for security reasons --> Join from here: https://t.me/ETHLend

[testadimerlo]

Project sounds interesting but I'd like to have some more info before to invest. Please, explain me like if I was a child
1) how the one who lends is guarantee if the debtor refuse to pay.
2) Is the debtor providing guarantees?
3) If you deposit an amount equal to the loan, why ask for the loan?

I'd like to better understand cause I'm really interested.
Thanks

[Michael_Token]

Yes, there is always a big problem with lending. What to do if the debtor cannot or don't want to pay. Is there any system of guarantees ?

[Yza_azY]

ETHLend has over 550 member tribe on
Telegram: https://t.me/ETHLend
-
ETHLend Community
ETHLend Decentralized Lending
 

@everyone 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


Discount: LEND enables 25% discount the deployment fees for a loan request and for funding a loan request on decentralized lending application.
Burnbacks: 5% + additional 1-5% (depending on previous year’s growth) of the deployment fees in ETHLend are use to buy LEND back from the market and burn the token. The aim is to remove insufficient and unused LEND from the market. This will decrease the total supply, making LEND more scarce with time and increasing the percentage of ownership of the token holders.

The aim is to deliver strong token to the market and reward the token sale participants for early involvement.
More info on the upcoming token sale: https://about.ethlend.io/token-sale/

[Stunny]

Hi All, New Loan Request in ETHLend: New Decentralized Loan Request on ETHLend - Profit 15% for 14 days (Annualized ROI: 3723%) - 100 ICONOMI as collateral (Value: 0.541 ETH) https://www.reddit.com/r/ETHLend/comments/7032qv/new_decentralized_loan_request_on_ethlend_profit/

[Stunny]

Status.im interviewed ETHLend: https://blog.status.im/ethereum-dapp-creators-issue-16-ethlend-60a415e8d5d5   

[Stunny]

Project sounds interesting but I'd like to have some more info before to invest. Please, explain me like if I was a child
1) how the one who lends is guarantee if the debtor refuse to pay.
2) Is the debtor providing guarantees?
3) If you deposit an amount equal to the loan, why ask for the loan?

I'd like to better understand cause I'm really interested.
Thanks

Hi, 1. The lending is collateral based, where the borrower places a ERC-20 digital tokens or ENS domains as a collateral. If the borrower does not repay, the lender can claim the collateral (tokens or ENS domain) and realize the collateral to regain any losses. 2. Yes, ERC-20 tokens or ENS domains. 3. In case, you have a portfolio of tokens but do not want to sell for a reason (do not want to close the position, the token is scarce or the token represents your family business shares and you would not want to sell them).

Good questions