The future of lending is blockchain

Learn how ETHLend brings the future to lending market using blockchain
22 November 2017   1703

What is ETHLend?

ETHLend is the first fully functioning decentralized P2P lending marketplace based on the Ethereum platform which connects borrowers and lenders from around the world using the advantages of Smart Contracts and the Blockchain technology. Loans at the moment can be given in ETH using ERC20 tokens as collateral but as per the ETHLend roadmap, more options will be added with immediate development into 2018. The ETHLend platform provides all the elements a lending market needs to function, Business to Business, Customer to Customer, Business to Customer and so forth.

ETHLend Universe
ETHLend Universe

ETHLend is creating professional credit scoring and verification APIs for each country, a loan marketplace, where lenders bid interest rates on loan applications and a default market where failed loans can be traded. ETHLend is ahead decentralized p2p lending market with the alpha version of the platform which is functioning since May 2017 and served approximately 40 loans. Technical features of the platform allow to use it for conventional investment funds, individuals, banks and much more.

ETHLend Partners

ETHLend are proud to announce strategic partnerships that ensure more clarity to its users about the ongoing evolution. ETHLend became the first partner with Eidoo to perform a secure and phishing free token sale thus ensuring best protection of the investors. The partnership with Digix Dao , one of the most stable tokens on the market, backed up by gold, consists of R&D collaboration, creation of the shared products and new functions. Bloom is working with ETHLend to create a suitable decentralized credit score powered by Ethereum and IPFS which will help to create reputation based lending. It shows that the ETHLend token sale is a milestone and not a final goal to be reached.

ETHLend Tokensale Information

ETHLend’s native token is LEND which is a utility token with a broad usability.

LEND hold the following functions:

  1. LEND airdrops are used to reward active user of the platform. Airdrops come from 20% of the collected platform fees and tokens bought back from the market.
  2. It provides 25% discount on the usage of the platform. At the moment fee is 0.01 ETH but it is not permanently;
  3. Certain functions are accessible only using LEND token – featured loan listing on the platform, target marketing for larger loans and number of functions that are under development;
  4. Rewarding introductions with LEND token - lenders, borrowers and third parties who introduce new participants to the decentralized lending platform will be rewarded with certain amount of LEND.
  5. Lenders and Borrowers can sell their airdropped LEND or use it as a collateral on the platform;
  6. LEND can be used as an access or discount token for the services of our partners.

Total amount of tokens – 1 billion and additional 300 million are dedicated to the development fund. Amount is limited and new tokens will never be created.

The pre token sale drew huge interest raising 600 thousand USD in just over 72 hours. The token sale begins on November 25th 12 PM GMT. Whitelist is opened since 15th November and KYC procedures are put in place.

ETHLend advisors

In order to achieve all the goal set up in the Whitepaper ETHLend is working closely with a team of internationally recognised advisors:

  • Jon Matonis- is a Founding Director of the Bitcoin Foundation
  • Wulf Kaal - Former part of the Goldman Sachs Securities Division
  • Ada Jonuse - An IT and blockchain education activist
  • Robert Viglione - The Co-founder of ZenCash
  • Tamoaki Sato - Founder of Starbase
  • Amin Rafiee - has been working closely with the developers of some of the most hyped coins on the crypto market since 2013.

Documentation

Code of the platform, smart contracts, current development and their history can be found at GitHub.

More information

  • Website
  • Telegram

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   193

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.