Nuo Lend - The non-custodial way to lend and borrow crypto assets
Nuo Lend
The non-custodial way to lend and borrow crypto assets
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Hunter's comment
This is a lending platform on the Ethereum blockchain. Here you can borrow Eth or other ERC 20 tokens by staking a collateral with other ERC 20 tokens you possess via their smart contract. You can also lend by creating a debt reserve, that way you will get interest every day.
The platform is secure, transparent and efficient in its activities.
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Coinbase is doing this with btc for institutional players. Read an article just yesterday. They are also insuring what you stake or keep it with their custody. and will keep it in cold storage. I think that's what they are insuring. Anyway, this is really great.
This extraordinary project has imposed a new approach based on the combination of block technology services and liquidity providers within the same loan platform, to create a global alternative to the traditional banking system that poses some problems.
The Nuo Network is a relatively new cryptocurrency and blockchain business. It provides various banking related services, with loans being one of the main focus points. Under the Nuo Lend brand, a global lending network will be established
It is really a good platform and the best part is that it does not charge any platform fees. Moreover, it is absolutely transparent. It supports ETH and ERC20 tokens to lend and borrow and it is equally good for both lender and borrowers. So the point is that it is helping to make the ubiquitous market place of lending and borrowing of crypto assets. I will try to take some loan from this platform.
Excellent hunt and hence sharing it in my twitter handle.
Thank you and Have a great day.
Pretty smart thing and new capabilities to work with cryptocurrency by lending or borrowing for short term projects. Great idea!
I am familiar with this because I used to have one app with same features. But, couldn't understand it much.
Thanks for sharing this hunt with us all
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