Our Media Correspondent, Nolvia Serrano, introduces our project and explains how our application will disrupt the existing lending and borrowing systems within the financial sector.

What is EthLend all about? 

Can you imagine a world where borrowing and lending value is fully democratized, without the need for any bank dictating interest rates, amount, time and usage? Pure market, where anyone has the possibility to participate and where only the participants decide upon the conditions for their agreement. The EthLend DAPP provides a fully decentralized peer to peer lending Smart Contract on Ethereum blockchain for lending Ether by using ECR20 tokens or ENS domains as a collateral. As soon as a loan is repaid, the borrower gets back his tokens and simultaneously Credit Tokens (short: CRE) will be mined for the borrower as a reward for the successful transaction. CRE represents the reputation of a borrower and can be further used for unsecured lending.

For more information about ETHLend, read the White Paper here.  

Author: @ethlend , @sergej.stein

Follow us also on our other social media channels:

Homepage: http://about.ethlend.io

Facebook: https://www.facebook.com/EthLend-1848586068794685/

Twitter: https://twitter.com/ethlend1

Medium: https://medium.com/@ethlend1

Youtube: https://www.youtube.com/channel/UCZUFYgrvO7xpxzMjijgqWyQ/videos

Slack: https://join.slack.com/ETHLend/shared_invite/MjAzMTM0MzEyNzA3LTE0OTg0MDk0NDItOGY0MTlkMTlmZA

Reddit: https://www.reddit.com/r/ETHLend/

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Disclaimer

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   

Accordingly, we will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information. Any arrangements between you and any third party contacted via the EthLend are at your sole risk.