ETHLend - Decentralized Lending on Ethereum Network (bounty) - page 11.

Stunny

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Quote from: Mohank on September 05, 2017, 12:35:46 AM

Do you think Saltlending as a competitor for you? If not where else you guys are different?

We do get asked this question time to time. However, I do not see Salt as a competition per se since they operate in a different concept. We are focused on p2p crypto lending, whereas Salt helps you to unlock FIAT and we focus on unlocking Crypto from ERC-20 token collaterals.

Stunny

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Quote from: slaman29 on September 04, 2017, 10:28:18 AM

Quote from: k_sch321 on August 24, 2017, 06:15:46 AM

Quote from: dodgrad on August 24, 2017, 04:25:55 AM

Who will guarantee the repayment of debt? Roll Eyes

Because of the collaterals you do not need a guarantee from anyone, the lender would just receive the agreed collateral as compensation in case of default. On another note, ETHLend is also working on international legal enforcement, in that case you don't even necessarily need a collateral. You have a tokenized promissory note, which is simply a universally accepted "I promise to pay you this much". In that case the local law enforcement agency is your guarantee.

Sounds perfect but only in the perfect world. Even here with escrows and collaterals, there is little to protect from defaulters. The hassle to get back everything falls on the lender. One more thing... what is this universally accepted IOI? Local law enforcement guarantee? Surely this is some Utopia far from realistic territory!

I agree that defaulters are hassle but that is life

Lender takes the opportunity to make profit and this is the another side of the coin. Usually default rate correlates interest rates. However, smart contract do make collateral handling quite easy when using ERC-20 compatible tokens. If the borrower defaults, the lender claim the tokens and sells --> regains losses.

Mohank

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Do you think Saltlending as a competitor for you? If not where else you guys are different?

slaman29

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Quote from: k_sch321 on August 24, 2017, 06:15:46 AM

Quote from: dodgrad on August 24, 2017, 04:25:55 AM

Who will guarantee the repayment of debt? Roll Eyes

Because of the collaterals you do not need a guarantee from anyone, the lender would just receive the agreed collateral as compensation in case of default. On another note, ETHLend is also working on international legal enforcement, in that case you don't even necessarily need a collateral. You have a tokenized promissory note, which is simply a universally accepted "I promise to pay you this much". In that case the local law enforcement agency is your guarantee.

Sounds perfect but only in the perfect world. Even here with escrows and collaterals, there is little to protect from defaulters. The hassle to get back everything falls on the lender. One more thing... what is this universally accepted IOI? Local law enforcement guarantee? Surely this is some Utopia far from realistic territory!

Stunny

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Guys, we made top 5 on ICOBench! share this with your friends! https://icobench.com/ico/ethlend

Yza_azY

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★★★ http://www.btc4buy.com

Reddit:

Winner of July Brainstorming Competition: • r/ETHLend

https://www.facebook.com/ETHLend/posts/1909135019406456

Yza_azY

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★★★ http://www.btc4buy.com

Meet the team

https://www.youtube.com/watch?v=z2XnxTOrhKo

Start Lending @ ETHLend DAPP
http://app.ethlend.io
To learn more about ETHLend,
join our ETHLend Slack and Telegram
For more information about ETHLend,

Telegram: https://t.me/ethlend

Yza_azY

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★★★ http://www.btc4buy.com

UPDATE:

https://www.facebook.com/ETHLend/photos/a.1849527738700518.1073741828.1848586068794685/1896674480652510

If you are interested in brainstorming or to lurk on the process on how decentralized lending is build on Ethereum network and follow one of the most interesting blockchain projects this autumn, join our Facebook or Telegram (https://t.me/ETHLend)! We will not bite Smiley

https://join.slack.com/t/ethlend/shared_invite/MjAzMTM0MzEyNzA3LTE0OTg0MDk0NDItOGY0MTlkMTlmZA

k_sch321

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Quote from: dodgrad on August 24, 2017, 04:25:55 AM

Who will guarantee the repayment of debt? Roll Eyes

Because of the collaterals you do not need a guarantee from anyone, the lender would just receive the agreed collateral as compensation in case of default. On another note, ETHLend is also working on international legal enforcement, in that case you don't even necessarily need a collateral. You have a tokenized promissory note, which is simply a universally accepted "I promise to pay you this much". In that case the local law enforcement agency is your guarantee.

Stunny

full member

Activity: 196

Merit: 107

Quote from: inanilujimi on August 21, 2017, 11:50:00 AM

Good project
I have a question whether what we borrow is the same as what we pay?
While the market price could go down could also rise?

I will add FIAT pegging so that you can use for example USD as the base currency, so that you are not encountered with volatility.

Stunny

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ETHLend will host a Bar Talk in Hong Kong on the hottest topics on blockchain and the upcoming ICO.

If you are in town, join the event: https://www.meetup.com/ETHLend/

inanilujimi

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Good project
I have a question whether what we borrow is the same as what we pay?
While the market price could go down could also rise?

Stunny

full member

Activity: 196

Merit: 107

Quote from: lumeire on August 20, 2017, 10:31:31 AM

I hope this would be much bigger and better than other services that tried this on the BTCBTCBTC platform before. Think btcjam, bitlending club etc etc.

Glad to hear. Our goal is to provide the global lending market when any where can place a loan request and can be funded from any part of the world.

bodeng

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Good projects and also great to ensure I will participate in this project. Thankyou.

lumeire

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I hope this would be much bigger and better than other services that tried this on the BTCBTCBTC platform before. Think btcjam, bitlending club etc etc.

Stunny

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Guys, 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/

asyakashi

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Quote from: cointabo on August 16, 2017, 07:28:59 AM

Sounds terrific, waiting for the official launch. Subscribed to the news letter, will be following this project closely. All the best guys!

The same thing, i will do it like you i can not wait for further news. Participation in investment is very interesting.
Besides participate to promote it through bounty program.

cointabo

sr. member

Activity: 477

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Sounds terrific, waiting for the official launch. Subscribed to the news letter, will be following this project closely. All the best guys!

Stunny

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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!

BenR

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Activity: 134

Merit: 100

Quote from: lycos on August 14, 2017, 05:12:46 AM

Hi ETHLend team,

If I understand correctly, to borrow ETH you need tokens. So basically to borrow money you need money, is that right?

Most loans require collateral, unless you're dealing with an unsecured loan and high interest rates.

Topic: ETHLend - Decentralized Lending on Ethereum Network (bounty) - page 11. (Read 13388 times)