- Spend funds without selling your crypto holdings
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. Users can borrow against ETH, BTC, DAI and more than 200 ERC20 tokens.
Lending crypto-to-crypto removes the need for banks to be the only available option for borrowing. By placing a loan request on ETHLend, lenders from all over the globe can fund loan requests by competing to provide the most competitive interest rate. ETHLend is trustless and transparent and can be used by individuals and institutions.
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For its flexibility in loan and payment, blockchain finance has your interest at heart. Looking at all this reasons, this is why I bring to you Ethlend.
With the help of ETHLend a crypto-backed lending platform, you don't necessarily have to sell your cryptocurrency assets. ETHLend is here to protect investors in need of cash from missing out on profit when the market appreciates at price.
As the crypto ecosystem is also expanding, the needs of humans within this ecosystem also compels the idea of crypto based loan and lending platforms. One such lending platform is ETHLend which will be main attraction of this article.
To my understanding, Ethlend is a decentralised platform built on Ethereum blockchain that grants its users the freedom to receive and "sell" loans at flexible and competitive rates.
Human beings are special creatures that were meant to stick together. This means we sometimes need the help of other human beings to solve a problem. While growing up, they always taught me to be a good team member because no man is truly an island. Giving help comes in different ways; taking a loan is definitely one of them. There’s always a possibility of having an urgent need. This urgent need might require us to take a quick loan in other to sort it out. Getting loans these days in conventional society is not an easy thing. It takes a lot of paperwork, collateral, and time to get approved. On the other hand, giving out loans is also a good way of making an extra profit while offering a helping hand to people in desperate needs. That makes it a win-win situation for the two-party involved. This post will review a platform that enables its users to give and take a digital loan in a secure environment. I know this platform as ETHLEND.
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