EthLEND LEND info

in #lend6 years ago


ETHLEND (LEND) info i found i don't know if it's useful but instead of making some note that will get lost i posted it here so i can reference it an so can others.  New to this but gotta start somewhere. 

LEND: .28 at 8am monday  

LEND should be = to SALT based on  If we apply economic theory of law of one price.

"The law of one price (LoP) is an economicconcept which posits that "a good must sell for the same price in all locations". This lawis derived from the assumption of the inevitable elimination of all arbitrage."
Hey, ETHLend is a fully decentralized lending dapp where only borrower and lender chose the loan conditions and everything goes through and is held into a smart contract. So it can handle any lending transaction happening on chain, p2p, B2B or B2C as long as parties have an eth adress. Collateral are erc20 token or ens domain, and erc20 can be tokenized asset (see our collaboration with dgx). No central entity to dictate interests rates or premium. Salt is more like a traditional bank that allow you to get fiat by putting your bitcoin as collateral, it's not happening on chain and it's not decentralized. Both are actually very different and have differents use cases" 

PS: posted by someone on Ethlend team, not my words 


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