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

[Makleyhill]

ETHLend Reaches Record Breaking — Over 12,000 ETH Lending Volume https://blog.ethlend.io/ethlend-reaches-record-breaking-over-12-000-eth-lending-volume-353512dab571



This past month has been a total whirlwind at ETHLend. Recently, we launched our latest version of our decentralized application Alpha 0.3 (Kogia) to the Ethereum Testnet and we added a very important milestone on our journey: we will start licencing process on lending activities to expand the current business model to FIAT lending.

We thrilled to share that the latest versions of our dApp (Alpha 0.2.0 and Alpha 0.2.1 codenamed Omura) have reached a record breaking of 12,000 ETH in lending volume. The volume has doubled since our latest update on March 22nd when we announced reaching 6,000 ETH in loans, which shows a compelling increase in the transactions and size of loans.

The ETHLend team thanks the community and all borrowers and lenders to make the decentralized lending market come true.

[scotty595]

ETHLend Reaches Record Breaking — Over 12,000 ETH Lending Volume https://blog.ethlend.io/ethlend-reaches-record-breaking-over-12-000-eth-lending-volume-353512dab571

https://cdn-images-1.medium.com/max/800/1*yR-6x3BrWEXPK-qlgh5fvg.png

This past month has been a total whirlwind at ETHLend. Recently, we launched our latest version of our decentralized application Alpha 0.3 (Kogia) to the Ethereum Testnet and we added a very important milestone on our journey: we will start licencing process on lending activities to expand the current business model to FIAT lending.

We thrilled to share that the latest versions of our dApp (Alpha 0.2.0 and Alpha 0.2.1 codenamed Omura) have reached a record breaking of 12,000 ETH in lending volume. The volume has doubled since our latest update on March 22nd when we announced reaching 6,000 ETH in loans, which shows a compelling increase in the transactions and size of loans.

The ETHLend team thanks the community and all borrowers and lenders to make the decentralized lending market come true.

Amazing

[scotty595]

Borrower is the one who borrows ETH from Lender and he has to repay the ETH to Lender. If Borrower doesn't repay the loan Lender can claim the collateral Borrower posted (LEND token or any of the over 130 collateral tokens available right now) 
 I have a question that I cant seem to find the answer to anywhere: If I give SUB tokens for collateral for example, and my SUB tokens raise in value, do I have to repay the value of my collateral at time of loan or the new value of my SUB tokens?

You repay the amount you borrowed. The collateral secures the loan only, no relation to what you pay back... unless of course it drops below the loan value, in which case the lender can claim.

[addicto]

This ecosystem is growing very fast nice to read about latest update this showing the potential and in future how it could be more strong there is huge space for it to keep moving forward with this streak and become next big platform.

[scotty595]

This ecosystem is growing very fast nice to read about latest update this showing the potential and in future how it could be more strong there is huge space for it to keep moving forward with this streak and become next big platform.

Lots of developments happening, super exciting!

[yassinebenouhoud]

unless im not smart enough to understand i cant see the deal about mix a privates sales and a dutch auction.  People wont invest if they cant check the hardcap. Why not checking how much you need and ask ico based on this ?

[maardhayrule]

unless im not smart enough to understand i cant see the deal about mix a privates sales and a dutch auction.  People wont invest if they cant check the hardcap. Why not checking how much you need and ask ico based on this ?

They want to avoid creating a gas war like many other projects. We believe it’s ridiculous for our supportesrs to pay $800USD in gas for an allocation of 1-2ETH or even less. While it’s not a big number for someone who comes in with 100ETH, but it does become a nightmare for those who are planning to contribute 1ETH or less, and we don’t think it’s fair.

[camargoherrera]

 if some token are bough at lets say 10 and some other at 2 thats good ? Excuse me but i dont see this as good. You should read what is said at all cryptoworld,  they will avoid this...its sad because the prj is unbelievable good

[Hullo]

I do agree that you can easily see lot of things happening to be excited about as investor and supporter of Lend toke. It is still under the price where I bought but I knew market could move either way. This was the reason I invested that potential in medium to long term is very very high. Image where the peaks will be having license from authorities and fiat plus crypto platform, just wow.

[Miiike]

if some token are bough at lets say 10 and some other at 2 thats good ? Excuse me but i dont see this as good. You should read what is said at all cryptoworld,  they will avoid this...its sad because the prj is unbelievable good

Are you trying to say that ETHLend is not good because at a time their price is very low (symbolized by "2") and at the other time they're extra high (symbolized by "10" which is 5 times more than the initial value)?

We need to see three things here:
1. The price didn't actually climb that high (5x), they're just around 10%, maybe 20% tops from the rate few days ago.
2. Coins are on a raise these last couple of days, so ETHLend raising is quite expected.
3. Err... If what happen is the opposite, where it stays or even dropping, people will rain this thread with anger because it didn't go up like other coin does.

Honestly, I don't know what people want. When LEND stuck, they said it was being manipulated by the team. When the price goes down, they said the project is sinking, and now when the price goes up, you said you see this as not good?

[Camus]

ETHLend Reaches Record Breaking — Over 12,000 ETH Lending Volume https://blog.ethlend.io/ethlend-reaches-record-breaking-over-12-000-eth-lending-volume-353512dab571

not so long ago, 3000ETH level was reached, the project is going at a high speed

[Odeoke]

ETHLend Reaches Record Breaking — Over 12,000 ETH Lending Volume https://blog.ethlend.io/ethlend-reaches-record-breaking-over-12-000-eth-lending-volume-353512dab571

not so long ago, 3000ETH level was reached, the project is going at a high speed

This got the amazing streak but it is just beginning of this new financial system I believe this will grow and will become giant. Community is growing very fast so this will make this really important project with this spirit.

[Brilliantrocket]

lend token Will have great utility soon and that is a fact. I only hope new Ui won't come out for few more days until I get some more money to buy more Lend

[dumbtool45]

despite the positive news, the value of the token itself does not change significantly, who remembers what the cost of the token was at the ICO stage?

[Miiike]

despite the positive news, the value of the token itself does not change significantly, who remembers what the cost of the token was at the ICO stage?

27,500 LEND for 1 ETH, so it was around... 0,000036 ETH for each LEND. Today's price is 0,0001, so it is safe to say that it grows around three times. It was once reached 0.0004 back in december or early january, though. Hopefully we'll see it again

[bitshaperbd]

I need some ETH to lend. I will try today..lets see how this works for me.

[identifyuser]

despite the positive news, the value of the token itself does not change significantly, who remembers what the cost of the token was at the ICO stage?

27,500 LEND for 1 ETH, so it was around... 0,000036 ETH for each LEND. Today's price is 0,0001, so it is safe to say that it grows around three times. It was once reached 0.0004 back in december or early january, though. Hopefully we'll see it again

I am sure we will see this price again because now the market is in accumulation phase

[memii]

What is difficult to indicate is when the increase will happen but this is inevitable. They are promoting platform at world forums and transactions inside the platform are increasing. Lend needs more time if the speed of development is sustained in matter of months significant price for each token will be seen without any doubt.

[Xantrax]

I think its reasuring from an investors point of to know where the team is goin in terms of direction and traction

[rodmanqs]

Fully decentralized peer to peer lending Smart Contract on Ethereum block-chain for lending Ether by using tokens as a collateral.

Positive news:
- LEND announces a partnership with blocktribune! 
- Juicy new features like Crypto-to-fiat Loans Now a Possibility As ETHLend Introduces Unique Smart Contract
- ETHLend Reaches Record Breaking — Over 12,500 ETH Lending Volume