[Update]:
It is the time to start talking about ETHlend again. ETHlend is at 1400 sat right now with a top-100 market cap. Alpha3 will probably be out in the next week. What do you guys think?
"Introduction of ETHlend:
EthLend aims to enable decentralized lending globally by allowing crypto to crypto borrowing. All borrowings will be secured by cryptocurrency, including ENS domains, as collateral. Everything is done through smart contracts so that the whole process can be done in a trustless and transparent fashion. Interest rates, premium and conditions are solely decided by the participants.
Sample use cases include:
Participating in ICOs by borrowing Ether using a user’s existing cryptocurrency holding.
Margin trading by increasing leverage.
Financing for blockchain startups for ICO marketing by pledging ICO tokens.
Unleashing the Ether locked in ENS domains.
EthLend allows crypto-pegged (return the same amount of cryptocurrency) and fiat-pegged (price of cryptocurrency in fiat is used for the loan value) loans depending on the users’ needs."
Reference:
https://crushcrypto.com/analysis-of-ethlend/A few facts:
ETHLend Alpha 0.2 Launched yesterday. You can start lending or borrowing using smart contract on ETH mainet now. Just log in your metamask and go to
https://app.ethlend.io/main/1 Below is the UI of the loan lists:
Below is the UI of the lending contract:
I know the UI/UX is still very basic right now, but IMO ETHlend could become one of the killer app of Ethereum.
