Announcing Reloanr: Lendroid + Maker

A secondary market for Dai loans, you can lend and borrow DAI on Reloanr. Marks an active use case for LST and a debut for the Wrangler, an original Lendroid concept.

We’re thrilled to announce the launch of Reloanr, a secondary market for Dai loans, to complement the MakerDAO stablecoin system. The alpha version of the platform will be live on app.reloanr.com.

“We’re excited to see Reloanr come to life. A successful secondary market for Dai loans ultimately increases access to the available liquidity of Dai and can drive new use cases in the market. It’s great that the team shares in our mission and vision for a better financial future,” said Rune Christensen, CEO at MakerDAO.

Reloanr complements Maker with a secondary market for Dai, immune to credit ceilings or a crunch in token supply. Right now, you can access Dai by either creating a Collateralized Debt Position (CDP), or purchasing it at an exchange. Reloanr presents another alternative. Those who already hold DAI can now offer it at a convenient interest; earn a little for themselves, and make DAI available to those that need it.

“MakerDAO holds a special, inspirational space in the crypto community. We wanted to build something that truly complements the Maker ecosystem; something more than just making Dai available on the Lendroid protocol. With Reloanr, I believe we’ve achieved that. It represents a unique use of Dai, which enhances liquidity, offsets the capital cost of holding a stable currency, and will conceivably improve its velocity in the market.” said Vignesh Sundaresan, Project Lead at Lendroid.

At Lendroid, we believe this shared vision for a better financial future on the blockchain can be achieved only through deploying viable financial instruments with high utility and stickiness. These instruments would stretch the limits of what is currently possible, not just for a protocol, but for the blockchain ecosystem at large. Reloanr is a definitive step in this direction.

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