Category Archives: Blockchain Lending Currency
Ethereum network is the backbone for ERC-20 digital tokens. All of these digital tokens have something in common: They all enjoy a market capitalization defined by the supply and demand of these tokens or currencies.
Currently, Ethereum itself has a 120 billion USD market capitalization. Ethereum based ERC-20 tokens such as EOS has 9 billion USD, TRON 4 billion USD, ICON 3 billion and QTUM 3 billion market capitalization. Moreover, there are at least over 200 other liquid ERC-20 based tokens currently exchanged, amounting to billions of USD in market capitalization.
Creating a lending currency. Since currently the medium of exchange (the lending currency) is Ethereum, it means that ETH cannot be pledged to receive ETH loan. ETHLend team wants to disrupt the whole finance world by creating a completely new standard: the lending currency by using LEND tokens as the medium of exchange for all lending transactions in the Ethereum application.
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Introducing the new fee structure
LEND creates a leveraged experience for the lenders and borrowers in decentralized lending. First and foremost as LEND becomes the new standard currency of lending, LEND itself will grant extra utility features for the lenders and borrowers. ETHLend introduces discounts for borrowers and lenders who initiate in loan transactions, which are backed by LEND tokens
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