Aave/ETHLend - Decentralized Lending DApp - The Game Changer - All info Updated

[Stunny]

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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

• Twitter
• Facebook
• Reddit
• Blog
• Telegram
• Discord
• YouTube

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

Twitter - Facebook - Reddit - Blog - Telegram - Discord 

[Kisleav]

hope this becomes one the best projects with its clear every thing, hope are high in this ethlend project, am following it

[gobisirom]

1 billion token means what?
What is the price of 1 eth / ethlend, team looks good, hope this does not disappoint us,

[Stunny]

1 billion token means what?
What is the price of 1 eth / ethlend, team looks good, hope this does not disappoint us,

Hi, general price is 1 ETH =25 000 LEND, however pre-sale 20% price reduction (bonus tokens)

On official sale first 200 mill, 10 % bonus tokens and next 100 mill 5 % bonus tokens. The prices are on the opening thread.

Enjoy

[Stunny]

hope this becomes one the best projects with its clear every thing, hope are high in this ethlend project, am following it

Thanks for support, do ask any question that may arise

[klf]

I couldn't find the answer or I missed it. If borrower defaults loaned amount what will happen?

Who will pay to the lender in case of borrower defaults? Because you guys said that no collaterals then how the lender will recover his money?

If you guys protect lender money then only this business can be successful otherwise I don't think it will be a successful business.

[overlordcoin]

How the borrower start a lend? using the ETHLend Tokens or other altcoin as collateral?

[Stunny]

How the borrower start a lend? using the ETHLend Tokens or other altcoin as collateral?

You can use any ERC-20 compatible tokens (EOS, DigixDAO, ICONOMI etc.) or any ENS domain.

Here is good instructions: https://www.youtube.com/watch?v=Tb6fzGXADho&list=PLf4N4wF5YKdoJDIe2D_Cg4cXWa-ruMpV5

Make sure to have MetaMask installend and switched to Ethereum Main-net 

You can also fool around at http://test.ethlend.io (Kovan network), but you need to switch to Kovan from MetaMask and have Kovan Ether (ask from: https://gitter.im/kovan-testnet/Lobby?at=590811ea12d2409935b9919d) and you can create test ERC-20 compatible tokens at: https://tokenfactory.surge.sh/#/factory

Have fun

[Stunny]

I couldn't find the answer or I missed it. If borrower defaults loaned amount what will happen?

Who will pay to the lender in case of borrower defaults? Because you guys said that no collaterals then how the lender will recover his money?

If you guys protect lender money then only this business can be successful otherwise I don't think it will be a successful business.

Lending is based on 1. Collaterals: such as ERC-20 compatible tokens (any token) or ENS domains (any domain) or 2. Reputation based lending: when the borrower has repaid collateral based lending, the borrower gains reputation to borrow to a certain (with certain limitations) amount of ETH without a collateral (trusted borrowers).

In addition, ETHLend is planning to introduce a decentralized credit rating system, where centralized credit data feeds can be implemented by the use of Oracles. Moreover, there will be other risk assessment tools such as using AI and machine learning to assess Credit Risk or Prediction Market to help credit risk assessment for the borrower.

On risk sharing, there will be introduced crowdlending to share risk and a protocol to provide third party decentralized insurance policies or guarantors. The White Paper is quite detailed on the credit risk and risk sharing mechanisms.

So yes, in your definition, it will be a success.

[xeqoRameshAxueamExaqana]

long time project in pre ico and ico selling
i think investor only wait in month december can invest
because is early buy is very long time wait until end ico , distribution coin and listing in exchanger

[Stunny]

long time project in pre ico and ico selling
i think investor only wait in month december can invest
because is early buy is very long time wait until end ico , distribution coin and listing in exchanger

We do not want to rush. It is important that the token sale participants understands well the project and the detailed white paper (which is over 55 pages). Our aim is to attract the future users of the DApp and participants who share the long term goals that we at ETHLend possess, rather than attracting short term coin speculation goals. That is the reason that LEND entitles 25% discount on fees on the DApp compared when paying in ETH.

Stani Kulechov - Founder of ETHLend.

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

[Stunny]

New Loan Request on ETHLend: 2 ETH (USD 579.40) loan (Collateral: 1000 Ethereum Movie Venture token, total worth USD 749.28, Collateral ratio to loan: 129,32%). Loan period 30 days, Interest 0.02 ETH (USD 5.791)

Analysis: Collateral is sufficient, loan is secure. The interest is humble in percentage (1%, however Annualized Return (ROI) is excellent: 12.87%). Our recommendation is to fund.

Loan on Dapp (Use MetaMask Google Add-On and Switch to Ethereum mainnet):

https://app.ethlend.io/loan-request/0x53a2472363dce5867abb0cdb3a8ba677ebccadbe

Loan on the ledger (Token Transfers tab confirms that the collateral is in place and I checked that the collateral token smart contract address is correct):

https://etherscan.io/address/0x53a2472363dce5867abb0cdb3a8ba677ebccadbe

Info about the collateral:

https://emovieventure.com

Enjoy!

[Stunny]

WEEKLY TOKEN SALE UPDATE – WEEK 32

ETHLend Bounty Program



This week ETHLend started its Bounty Program. The goal is to increase participation among our community and give our supporters a chance to be part of the ETHLend project.

You can check the details on our BitcoinTalk forum: https://bitcointalk.org/index.php?topic=2078686.0;all

Introduction to Market Pegged Assets





ETHLend has introduced the idea of pegging digital collateral used in Smart Contract loans to the price of USD. This way borrowers and lenders don’t need to be subject to price volatility. Also this reduces risk for unintentional defaults.

You can read more about it here: https://about.ethlend.io/2017/08/13/how-does-the-usd-pegged-loan-work-at-ethlend/

Jaarvis Accelerator Hackathon









EthLend’s Local Advisor in India, Opinder Singh, joined the Jaarvis hackathon, where people are exploring blockchain technology and its use cases.

Here’s a short article about the event: https://about.ethlend.io/2017/08/13/jaarvis-accelerator-hackathon-and-ethlend-official-bounty-campaign/



ETHLend Pre-ICO

ETHLend announced its Pre-ICO and ICO dates a week ago and preparations have started.
You can read more about it here https://about.ethlend.io/2017/08/08/ethlend-announces-lend-token-pre-sale-ico/
 


Stay tuned for more updates and follow us on our social media!

Especially Telegram (Since our Decentralized Whale loves Telegram)



Website: https://about.ethlend.io/token-sale/
White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md
Discord (Latest news and voice chats): https://discord.gg/nKjsStv
DAPP Thread: https://bitcointalk.org/index.php?topic=2013399
Telegram: https://t.me/ETHLend
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
Medium https://medium.com/@ethlend1
Steemit: https://steemit.com/@ethlend

[Stunny]

ICOBench Rated Us 4.6, Awesome!

https://icobench.com/ico/ethlend

[Stunny]

The first decentralized loan was funded!

Details below:



Discussion on Reddit:

https://www.reddit.com/r/ETHLend/comments/6uoue8/first_decentralized_loan_funded_annualized_return/

[Stunny]

The first loan is getting some luv at Reddit 

[homnix]

The project is good and i will inverting.
Bounty program DEV?

[Stunny]

The project is good and i will inverting.
Bounty program DEV?

Hi, yes we have a bounty program here: https://bitcointalk.org/index.php?topic=2078686

[Jurgen]

The German ETHLend thread is now online:
https://bitcointalk.org/index.php?topic=2106385

[Stunny]

The German ETHLend thread is now online:
https://bitcointalk.org/index.php?topic=2106385

Thnaks Jurgen! It looks amazing