Topic: Aave/ETHLend - Decentralized Lending DApp - The Game Changer - All info Updated - page 12. (Read 43943 times)

Are there any prepayment fees or can you pay off a LEND loan at any time? Is it prorated somehow? For example if you pay off your loan 40 days into a 90 day loan, do you only pay interest on 40 days?

In Paris digital asset backed lending concept was explained and shared with SME banking and financial services providers by ETHLend's CEO. These are first serious efforts at this level to bring cryptocurrencies for loaning and borrowing at global level. Also to mention that number of tokens presented on lending platform is growing with larger communities based project that is impressive.

ETHLend Speaks at SME Banking — Private and Affluent Banking Event in Paris



Last week, ETHLend´s CEO and founder spoke about Digital Asset-Backed lending during a Small and Medium Enterprise Banking event in Paris organized by EFMA, a global not-for-profit organization of more than 3,300 retail financial services companies from over 130 countries. https://blog.ethlend.io/ethlend-speaks-at-sme-banking-private-and-affluent-banking-event-in-paris-de930e45f2e8

I wish you success! A very promising idea, sensible idea, really good project!

That is as much detail as we have to give right now. We may do another update in the future. And we are working on a statistics module to give this in real time. For now, use the information in the article.

I was just wondering if I could get in contact with someone that knows how your team setup the testnet for developing ETHLend

i was wondering if it is legal to use the platform? does Ethlend a register broker/dealer in swiss? and if not what king of license do you have to enable p2p landing,
also i see that you are not doing KYC to your platform users so i was wondering how do you hadle AML - Anti Money Laundering
bottom line are there any risks that i am taking using your platform?

Hello everybody. It will happen sooner or later. You can not even doubt it. The development team will take care of this. I wish everyone success.

So many tokens are having their dive, as we are currently at a difficult time for crypto. For some, it'll be a good time to buy, though, as (quoting someone didn't worth cited for) the strong survive" and surely their price will increase too post-surviving

I see you guys are quoting me now, does this mean I'm famous, perhaps Shakespearian even?

Token swaps are an interesting problem, essentially as I mentioned it should really be a self-regulating process whereby the borrowers will always pay back the loan prior to the token swap end date, assuming rational behaviour from the borrower.

Leaving the collateral in the contract is seen as irrational due to the fact that the amount they have to pay back will always be less than what they stand to gain by paying the loan back, as if the collateral was worth less than the loan, a rational lender would perform a collateral call, and do the swap/sell the tokens themselves.


The borrower doesn't have the private key to the smart contract, if VEN tokens were stuck in the contract after the token swap/snapshot end date, they would essentially be irrecoverable.

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It's a 2 sided debate, as with a lot of decentralised applications, the idea behind decentralisation is that things run exactly as programmed, i.e. there is no censorship, we can't just change a database and suddenly everyone has new tokens from a different chain. But as a company, what should our focus be on? Ensuring that there is no possibility that potential platform/token swap tokens are able to be used as collateral? Or is it the borrowers/lenders responsibility? How much censorship/control is necessary, and if we start controlling everything, is there still a reason to be decentralised?

No we haven't, I'll follow up with the team to find out when the next one should be coming out.

I expect you success!
Outstanding plan, engaging project, noticing project!

that wiill be interesting . Cause technically the  ven will be held in a contract during when a snapshot is taken , It the borrwer has the priv key does that mean they can default on payment and claim the Vet tokens? those tokes ain  going to to be transferable in Nov

Neither party can access the smart contact that would defeat the point.  But the token swaps are definitely going to be an issue with lots of the collateral tokens.  I think some people are having the same issue with icons token swap

I read that ethlend lent 15,000 ether up to some time ago
Is it possible to calculate that number with the data from your platforms?
I saw that the funded loans are much less the the total applications

Essentially for token swaps (which happen often as more and more platforms come live), it doesn't make any sense for the borrower to not pay the loan back and do the swap... there is no financial incentive (infact there is a financial disincentive to not pay back the loan before the end of the token swap period as loans are over-collateralised).

Due to the multitude of different methods offered by various platforms for conducting their token swap, we can't be across the mechanisms of each of them, and even if we fully investigate impacts of each one, technically there is nothing that can be done from our end. We are a decentralised platform running on the Ethereum blockchain, that is why people love us, because it's secure, trust-less, and anonymous. But this also means that we don't have the control like centralised platforms (exchanges for example) to just change a couple of numbers on everyones screen and then suddenly it's all fine.

have you stopped sending the regular email updates? I have given my consent for further newsletters, but ever since the 25th of May I have received nothing

This is called mega shake out by these powerful waves of ups and downs from all the highly potential projects. Ethlend as lending platform is on constant expansion and number of available tokens for lending and settlements is rising fast. Building platforms takes time and patience but interest of other projects for their tokens to get integrated inside Lend say many things in itself.

I am so sad for invested this token in the highest price before, the token price is dropping every day, it makes me and anyone panic, people dump the token again.