Topic: Aave/ETHLend - Decentralized Lending DApp - The Game Changer - All info Updated - page 8. (Read 43941 times)

 we are always open to constructive criticism and open discussions anyway i think everything we are developing (microstaking, btc lending and all the other stuff) is very experimental in this liquid environment and i bet things will evolve pretty quickly

Introducing a New Token Economy Model: Decentralized Microstaking



The goal of increasing the utility of a token is a never-ending quest when developing an Ethereum DApp. Even when you have a modern functional distributed application with a strong use case in the decentralized world like ETHLend, having a healthy token with a high intrinsic value is not easy to achieve. The reason for this is probably rooted in the infrastructure of the token built on the Ethereum blockchain as an accessory to the main currency. The fact that the token can’t be used to pay the platform fees already reduces its intrinsic value dramatically.

Another side of the matter involves the legal aspect of handling the economy of a token. For example, let’s look at the token burning method, which is one of the most popular approaches used to introduce scarcity and reduce total supply. It works well on average, but might introduce some weird anomalies in extreme cases and may increase the risk of having tokens classified as securities. This is because artificially reducing the total supply may not pass the Howey test.

So the question remains: how do we increase the utility of a token and avoid it being classified as a security, while creating more value? To answer this question, we need to explore what it means to create utility for a token and how this might affect its value.
https://blog.ethlend.io/introducing-a-new-economy-model-decentralized-microstaking-cf8b2e41fa6

ETHLend wants to give access to cheap money lending for everyone. They believe that interest rates should not be decided by politics, economic policies or banks. Interest rates should be decided by the people and the free market.

ETHLend is a fully decentralized financial marketplace built on top of the Ethereum Network allowing lenders and borrowers from all over the world to create peer to peer lending agreements in a secure and transparent way using Blockchain and Smart Contracts.

We are listed in many exchanges but we are always looking for opportunities if they are interesting for our users
Any new addition would be updated here and in our blog, by now no news about that

same question from me team team members, any confirmed listing on LATOKEN?
on what exchanges you'll be listed? any confirmed exchanges yet?

I read on their telegram few months ago that they revise this decision? Based on an idea that burning didn't guarantee that the price will rises, so instead of burning they will just airdrop the bought-back token to most active people who utilize their platform.

Yes, the promise to rebuy LEND using fees was outlined in the whitepaper, and this is a guarantee that the price will rise in time, since the bought back lend should be burned if I remember well.

ETHLend will allocate 20% of collected fees to purchase LEND from these exchanges to reward active lenders and borrowers to increase user adoption and lending volumes starting Q1 2018.
 
50% is allocated to active borrowers based on volume and the other 50% is allocated to active lenders based on volume. Rewards can be claimed 30 days after the Q ends.

Selling the tokens means that you close your positions on that particular tokens. The borrower might not want to close a position for multiple reasons. For example, the particular token might perform well in the near future or the tokens are scarce (for example due to the tokenization might be family business shares, art or rare commodities). In these circumstances, it would be convenient to pledge tokens instead of selling the tokens. Since the tokens are used as collateral, and once collateral call is introduced, the interest rate should be quite low.

I agree in the sense that mobile app could be good, but currently the platform is totally accesible from mobile, I think its more important to improve the platform, giving new functions, improve the flow and user experience etc. Because now the platform is accesible from mobile
so its better to improve all the other factors before

Because the developing efforts are going to improve mainly the platform which is the most important thing to develop
The develop of the platform is a long run, in my opinion its not smart to waste resources without ensuring the best way to develop all the platform, I mean we are growing around our users and community, to make something without being sure of the steps is just a waste of resources

Given ethlend is looking to establish a greater brand image and extend its product range. Does ethlends current product being decentralized lending still remain priority or is it simply and expansion of the platform? Trying to work out whether new resources are going to be employed or current diversified
Excuse me if I have missed out any information

Wow, I must say I am impressed by that. I hope that this diversification will not diminish ETHLend's leadership in the decentralized lending market.

Yesterday the new article was posted on the ETHlend blog and the most interesting announcement IMO was this:
"ETHLend will be part of a larger venture with an extensive product category, focusing on decentralized and hybrid blockchain applications."
In a few words, ETHlend team is going to launch various new products in the near future, with one access point for ETHlend brand identity, services and products.

So, what a smart idea was to start all these products with the unique one (at the time of the start of ICO at least) and only then deliver quality products that will be based and additional to the crypto asset-backed lending app!
BRAVO ETHLEND TEAM!

With many concerns of coins going bust in this time, can Ethlend team supply some clarity or financial statement to demonstrate that it has enough collateral to continue business for the next 3-6 months during this current market, and how much of ethlends financial position depend on the Ethlend token value?

This is truly excellent news. BTC lending will set a milestone, even though I cannot figure out how it will be managed by the way of smart contracts in a trustless way. This should help the price recover, provided this bear market will revert.

It would be interesting. Collaborating with other services, especially ones that has quite an awareness amongst community, will not only make ETHLend more available and reachable, but also act as a publicity to some that's yet to be aware about it.

Good luck dev for implementing new features on this platform I could say without any confusion this is far ahead as compare with other competitors. This project has more advanced features which will make it perfect platform in coming days.

Definitely, this is going to be the great and very important part of the development period for the ETHLend project. BTC lending is going to raise the volume of the loans more times higher than we could imagine. Also would be great to see the integration of the lending feature in the wallet app, no matter which wallet it would be (I mean from the ETH lend team or from third parties one - for example EIDOO wallet or ONEChain app)