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Category Archives: Decentralized Credit Lending Platform

LEND token listed on OKEX — Over $1 Million USD in volume on ETHLend

EthLend Update…

We are excited to announce that our LEND token is to be listed on OKEX. OKEX is based in China and one of the world’s largest exchanges. Listing is scheduled to take place on 8th and trading to start 9th of January. The ETHLend community is growing fast and are happy to be expanding our presence into the Asian market.

OKEX is a multi-cryptocurrency exchange that allows users to trade in both cryptocurrency and fiat-backed tokens. OKEX is used by investors such as Tim Draper, Ce Yuan Ventures, Mandra Capital, WJ Capital and many recognized others. It offers conventional trading and futures options, making it one of most comprehensive exchanges on the market. OKEX has their own algorithmic trading tools designed for professional users, along with their own wallet, vault and block explorer.

ETHLend has excelled since our token sale and the Asian market will lead to even more growth on both the DApp side and the trading side. The LEND trading volume has been positively gaining traction and this is a very important listing as this will Increase ETHLend’s presence and strengthen our position within The Asian community. The ETHLend team is very excited to be listed on OKEX and to gain further recognition within the Asian market.

Over $1 Million USD in volume on ETHLend DApp

We are thrilled to share with you that ETHLend has done over 1 000 ETH and over $1 000 000 USD in total value of successful loans on our Alpha version 0.2. This has all happened within a one month time frame and the community is looking forward to the next update when ETHLend will launch our new and exciting user interface along with new improved, additional features.

The ETHLend team thanks the community and all borrowers and lenders that have been part of giving life to decentralized lending. The year 2018 will be huge for the ETHLend team and we hope to add soon additional tokens as accepted to the DApp for collateral.

Place a loan request by installing Metamask and browsing to the decentralized application at https://app.ethlend.io. Press help for instructions or chat with us.

Start Lending Now

Join our almost 13K member Telegram Communty: https://t.me/ETHLend 

Stay up to date with the project join Announcement Channel: https://t.me/ETHLend_Official

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EthLend and Salt ICO – Blockchain Lending That Will Replace Banks

EthLend and Salt ICO – Blockchain Lending That Will Replace Banks

Source: David Hay

Responses to David’s video:

“David, Love your videos but you missed the mark on this one. The EthLend Dapp is live and working fine you just need MetaMask installed on your browser in order for it to work.There is no risk for the LENDER because the borrower puts up ERc20 tokens as collateral for the loan and you can only borrow 67% of the tokens value. If you default then the LENDER will keep your tokens which is worth more than the loan they funded”


“Dave. Ethlend uses collateral. I am currently a user of their platform. They are already on Alpha 2.0 and require you to download Metamask to access the program and begin lending/borrowing. They also have a protocol to track credit ratings.. For each loan that is paid back, the borrower will receive credit tokens to help repay the next loans interest and will build their online credit rating. They have implemented lending via ERC20 to ETH and have recently allowed for US dollar loans. They are also currently working to implement Bitcoin lending and a host of other FIAT currencies. I hope this helped.”

Peter Costi

“You make the Ethereum platform sound like a risk, when it’s revolutionary. I guess it’s a matter of more “governed” SALT, and arguably more understandable and user friendly, vs. peer-to-peer “less governed” and more complicated ETHLend? You make backing LEND sound like a risk because of the “what if” scenario with how the U.S. legally accepts it. That kind of contradicts your previous videos when you say you back the crypto’s based off the technology and concept. Either way, your input is greatly appreciated!”

Cameron C

SALT Update: SALT Loans are Live

Update received from SALT…

Dear SALT Community,

2017 has been an incredible year for SALT, and we are overwhelmingly grateful to every member of our community that has contributed to our successes. From everyone at SALT, thank you!

SALT loans are live!

We have issued initial loans to a small group of members and we expect to have originated over $10m in loans by the end of this year. Our platform will continue to be rolled out in stages to ensure quality and security as we scale to meet the extraordinary demand for loans. We are excited to extend the application process to all of our community and expect to have between $50m and $75m in active loans by the end of January 2018. We are working as quickly as possible to safely and responsibly expand the rollout to serve the needs of each and every member.

While we will be continually adding new features and issuing more loans over the coming months, we are committed to a prudent and careful growth strategy. Our first priority is, and always will be, maintaining a secure and trustworthy product through every stage of deployment.

Some important things to note:

  • We will be initially providing loans (US dollar denominated and backed by Bitcoin or Ethereum) first to Enterprise members, followed by Premier members, and then to Base members.

  • As we continue the rollout this week, you will see a loan application form in your membership dashboard. If you have not already done so, you will be required to verify your identity before you can apply for a loan.

  • Each member’s access to loans and the order in which members are served will be determined case-by-case based on membership tier, local jurisdiction laws, and the order in which they applied for a loan.

  • As a thank you to our community, we will be allowing members to repay both their principal and interest with SALT (valued at retail price) instead of US dollars. Terms and conditions are subject to change and limitations. Final terms determined at the origination of each loan.

We are excited to begin the monumental task of serving our community of members. We appreciate your patience as we work hard to meet all of the demand in a responsible and secure manner. 2018 will be another incredible year for SALT, its members, and the blockchain space as a whole. We are proud to have each and every one of you as a member of our community!

All the best,

The SALT Team

BREAKING NEWS: Over 300 ETH Borrowed on ETHLend Decentralized Lending Application under two Weeks!

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?

Place a loan request by installing metamask (from https://metamask.io) and browsing to the decentralized application at https://app.ethlend.io. Press help for instructions or chat with us.

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

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Sharpe Announces a Cooperation Partnership with ETHLend

November 20th 2018, London — Sharpe Capital and ETHLend are delighted to announce their exciting new cooperation partnership. The Sharpe-ETHLend partnership was finalized following a meeting at Web Summit 2017 in Lisbon, Portugal. The newly established relationship provides ETHLend with privileged early access to the Global Sentiment Index data-feed during its Alpha and Beta developmental stages, delivering real time insights into how the market perceives individual blockchain assets. Sharpe and ETHLend will work together to refine the product and optimize it for further commercialisation. This partnership is a key proof of the value of one of Sharpe Capital’s core products and future revenue streams — Sharpe is working to ensure the Global Sentiment Index becomes the world’s leading source for market sentiment data.

Through collecting real human insights and combining them with cutting edge machine learning, Sharpe can far surpass the traditional approach to sentiment analysis derived from often highly unreliable analysis of social media feeds and news sources. By joining forces with ETHLend, Sharpe Capital is able to tailor the Global Sentiment Index to an increasingly diverse audience, and help to reduce risks associated with blockchain-driven lending.

Sharpe Capital is a FinTech organization developing a platform to crowd-source market sentiment on global equities and blockchain assets, paying service fees in Ether to users in return for their insight. Supplemented with cutting edge, machine learning-driven linguistic analysis and quantitative trading strategies developed in collaboration with leading academic partners at University of California, Berkeley and the University of Oxford, Sharpe Capital aims to deliver best-in-class data-feeds for use by investors.

Co-founder and Chief Operating Officer of Sharpe Capital, Dr. Butler, described the newly announced advisory partnership: “By joining forces with ETHLend, Sharpe Capital is able to tailor the Global Sentiment Index to an increasingly diverse audience, and help to reduce risks associated with blockchain-driven lending.

ETHLend has been available on Ethereum main network since May 2017, providing a global lending market where loan conditions are agreed between borrowers and lenders, and parties can participate on both sides. ETHLend is a transparent, borderless and decentralized market and erasing interest rate differences between countries by providing competition on a global scale. ETHLend solves key issues regarding collaterals, decentralized credit rating and exchange volatility risks with fiat pegging option.

Through partnership with Sharpe Capital, ETHLend lenders will now access to the leading source of decentralized and crowdsourced asset sentiment, allowing lenders to assess collateral risk on loan request using real-time data from the Global Sentiment Index before choosing to fund a loan — Jordan Gustave, Chief Operating Officer of ETHLend

Going beyond simple metrics of price and implied volatility, the Global Sentiment Index will let users know precisely how the market perceives an asset’s viability over timeframes from one week to one quarter. Following the Sharpe Platform launch on 11th December, ETHLend will have access to the Global Sentiment Index as it is collaboratively developed and refined during the Alpha and Beta stages of the product.

Participate to our token sale on this Saturday by enrolling to our KYC-whitelist here.

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ETHLend Partners with Eidoo Wallet for Token Sale and Provides an Airdrop for All Eidoo Wallet Users

ETHLend will use EIDOO Wallet for Token Sale to Provide Additional Security

ETHLend and Eidoo are announcing a strategic partnership. The partnership will consist of the use of Eidoo’s recently announced ICO Engine, which ETHLend will use to launch the LEND token sale. Moreover, ETHLend and Eidoo are looking for long term plans with enabling ETHLend decentralized lending application to become amongst the first DApps in Eidoo’s upcoming DApp store.

The strategic partnership has enormous benefits for both ETHLend and Eidoo. ETHLend will use Eidoo wallet exclusively to perform the token sale on 25. November 2017 to provide more security for the token sale participants and enabling easy user experience to participate to the LEND token sale without the need for technical knowledge. After whitelisting to the LEND token sale, the participants simply download the easy to use Eidoo wallet, insert the token sale code provided by ETHLend and the participants are ready to participate on from 12 PM GMT on 25 November 2017.

Additionally, ETHLend will provide an airdrop 15 000 000 LEND for all Eidoo wallet users on January including those who have participated to the LEND token sale, which will be distributed accordingly between the Eidoo wallet users.

For Eidoo, ETHLend will be the first token sale to use the Eidoo ICO Engine after Eidoo itself performed a successful ICO with the platform. ETHLend suits well for the Eidoo ICO Engine since substantial amount of the LEND token sale participants are first time wallet users and Eidoo is providing easy user experience and additional security by avoiding phishing attempts, when no token sale address is exposed to the end user.

We are looking forward to a valuable partnership that creates incredible new benefits for ETHLend token sale participants and Eidoo wallet users or now and further with time.

Learn more:

ETHLend: https://ethlend.io/

Eidoo: https://eidoo.io/

Join our community on Telegram:

ETHLend: http://www.t.me/ETHLend

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Breaking News: ETHLend Partners with Bloom for Blockchain Credit Ratings

Update received from ETHLend…

ETHLend Partners with Bloom for Credit Ratings

Since May 2017 when ETHLend deployed the first live decentralized lending application on the Ethereum main network, we have been researching several options to provide sound lending experience for lenders and borrowers to minimize default risk.

Accordingly with our roadmap, ETHLend will develop the decentralized credit rating where centralized and decentralized credit rating systems can be used to minimize credit risk and conduct KYC on lending.

Today, we are happy to announce that Bloom is partnering with us on providing the ability to use local credit institutions’ credit scores for blockchain loans and in case of defaults, these defaults can be reported back to the credit rating agencies. With Bloom, we are providing more secure lending on our reputation based lending side.

Bloom was amazed on how far ETHLend is on the Solidity development. Their project is awesome and Bloom has a great team – we have the right combination here!

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ETHLend Update: Meet the ETHLend Team at WebSummit in Lisbon This Week

Latest update received from ETHLend

We Are Attending The Largest Tech Conference – Web Summit

ETHLend’s Jordan and Martin were participating SteemFest in Lisbon last week (quick brief by Martin on Steemit). Now the journey continues to Web Summit, the biggest tech conference with 60,000+ Attendees and 1,200+ speakers from 170+ countries.

We are exited to present ETHLend, meet other blockchain & tech startups. We have already set up a few meetings with potential partners and investors. Moreover, we are currently planning our Asia roadshow and meetups. Will inform about the cities and dates soon.

If you are around, do come and chat with us about the decentralized application or the upcoming token sale.

As usual, all insights and exclusive content on Telegram. Join below!

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MicroMoney Partners with Celsius Network to issue expanded credit to its 100,000 customers

New York, NY, October 2017 – Celsius Network, a decentralized credit lending platform, is partnering with MicroMoney.io, a mobile app with a similar business model. The partnership will hope to expand the reach of cryptocurrency backed loans to customers worldwide. Since both firms’ platforms use the global Ethereum blockchain technology, the partnership will also endeavor to jointly develop and standardize the protocols and user interface on top of which these monetary transactions are processed on the blockchain open-ledger system.

The MicroMoney.io app currently extends credit to over 100,000 people in five Asian countries: Cambodia, Myanmar, Indonesia, Sri Lanka and Thailand. The firm seeks to use Celsius to extend higher limits to its best customers and better serve those who are underserved by the banking industry in the developing world and hopes to expand globally. MicroMoney.io is in the midst of distributing its tokens, looking to raise between $15-$30 million and add 25 million customers to its user base.

The NYC-based, Celsius Network similarly plans to manage and extend consumer loans through a peer-to-peer network. Like MicroMoney, Celsius hopes to serve the underbanked population with a focus on young adults who have limited or no credit histories. The product is slated to launch next year after token distribution. Celsius recently published its open-lending and credit protocols which are now available for adoption by all other lending organizations. Celsius just launched its pre sale and plans a token generation event in January.

Describing peer-to-peer loans and the innovation in the consumer credit space, Celsius Network CEO, Alex Mashinsky, has been quoted as saying, “No one has done this before on the Blockchain. We  completely reinvent how you apply for a credit limit, get issued a credit score and get access to a credit line or a credit card., We created a membership organization which changes how you do things and who benefits.”

The MicroMoney executive team is led by Anton Dzyatkovskiy and consists of a diverse team of individuals spanning the globe. Celsius Network is helmed by serial entrepreneur, Alex Mashinsky founder of Transit Wireless and Arbinet – two of New York’s top startups  in the past two decade.


Celsius has engineered a new global platform to enable peer-to-peer credit lending. Individuals within the network can apply to receive instant credit and apply for loans from other trustworthy network members depending on their transaction history.  Using an ethereum-based smart contract marketplace, Celsius is providing an opportunity for everyone to participate in an ecosystem of credit lending. The platform offers peer-to-peer lending bydigital credit scores at low interest rates. Celsius will also enable borrowers leverage guarantors all over the world who are willing to join their digital wallets to our smart contracts to expand a borrower’s credit limit and lower their interest payments further.

MicroMoney is a mobile lending platform built on the global blockchain technology. The firm primarily serves the unbanked population by helping them gain access to loans. The fintech startup also creates credit profiles of its users that they then make accessible to banks and other lending institutions. By allowing access to the credit history of unbanked borrowers in Asia, Africa, and the Middle East, MicroMoney helps other lenders enter new markets with significantly lower risks. The firm hopes to eradicate poverty globally through its novel business concept.