Category Archives: Ethereum News
Francis Hunt Update: Bitcoin, Ethereum and poss CMC – Market Cap risk
Source: Francis Hunt
Crypto Daily Updates: Market Crash | A Bubble Pop?
Source: Crypto Daily
Over 300 ETH in Decentralized Loans Reached
Since the Alpha 0.2 release on 15 December 2017, ETHLend is proud and humble to announce that over 300 worth of Ethereum has been borrowed through our decentralized application!
Borrowers have used variety of different collaterals ranging from the pre-defined list the DAPP provides. There have been currently over 120 loans and the most popular collateral is ETHLend’s native LEND token.
The USD-pegged Ethereum loans consists of around 12% of the total loan book, and rest of the loans being pure Ethereum. Most loans are up to 30 days and fewer loans are above 30 days. The biggest loan is around 20 000 USD worth of Ethereum and other bigger loans have varied from 10-17 ETH. Due to gas costs on Ethereum, under 0.5 ETH loans are less efficient and we consider loans below 0.5 ETH more or less as testing purposes.
Lending volume provides cash flow. Upon each loan request, ETHLend collects 0.01 ETH fee from the borrower and 0.01 ETH fee from the lender when funding a loan. Therefore, even such early stage as Alpha, ETHLend is creating turnover for the project. Despite the fact that the volumes are recently accumulated and the fee structure will be change to more efficient by lowering the threshold for borrowing and making more return on bigger loans, such fee collecting is a proof-of-concept that ETHLend could grow into a fully established FinTech house soon.
The unexpected success is a great milestone not solely for ETHLend team, moreover for the whole community of decentralized applications. Developing decentralized applications is surely not the easiest path, however in the long run provides a market that is determined by the lenders and borrowers instead of banks and financial institutions.
Do you have a token portfolio and need to unlock some of that liquidity you have lying around in your tokens?
Join our Telegram to join the soon 11.5K member community: https://t.me/ETHLend
To stay up to date with the project, join our announcement channel: https://t.me/ETHLend_Official
– The ETHLend team
Ethereum Successfully Evolves! / High Potential ICOs This Week / Bank Banning BTC User / Much More!
Daily: Bitcoin ($5700!) and Ethereum mega Rally, F2P withdraws segwit2x support
Ethereum Hard Fork in October? – Programmer Explains
Source: Ivan on Tech
Ethereum Hard Fork – What You Need To Know
Source: Nugget’s News
Crypto Blood Update: Poloniex Freezes Soundchain’s Funds and ETC Up 25% in 30 Minutes!
Source: Crypto Blood
BiteSizeBitcoin Update: Korean BBQ – Bithumb and Future of Eth Classic, Ripple, Litecoin?