About myself: I am the architect and the project lead of Lendroid. Previously, I co-founded Bitaccess (a YCombinator backed Bitcoin ATM company, based in Ottawa, Canada) in 2013, scaled the BTM(bitcoin ATMs) network from 0 to 100. I designed Velocity, even though I decided to shut it down for reasons listed here, the project made me greatly understand the legal, crypto economic, technical and structural aspects of an open protocol project. We are at the beginning of a paradigm shift. December 2016, I decided to step down from my operational role at Bitaccess to dedicate my time to working on open protocols.

I am happy to introduce Lendroid, a decentralized digital asset lending protocol and platform.

Website: https://lendroid.com

Twitter: https://twitter.com/lendroidproject

Whitepaper: https://lendroid.com/assets/whitepaper.pdf

Pitch deck: https://lendroid.com/assets/lendroid-pitch-deck.pdf

Slack: http://slack.lendroid.com

Blog: https://blog.lendroid.com

Email: [email protected]

There is a need, and there will be a greater need for borrowing funds for short term not by pawning physical gold or a house but by pawning a digital asset.

Imagine opening a mobile app, depositing 20 REP / 10 MKR tokens and receiving 5 ETH / 100 USD-DC into your account that you can spend immediately. You pay back 5.01 ETH / 101 USD-DC in 10 days and receive your 20 REP / 10 MKR deposit back.

Individuals/Organizations can use Lendroid to raise funds as debt, leverage a trade position, avail a short term ‘payday loan’ style advance and more. No identity required and all on-chain without the need to trust a third party.

Lendroid is an open protocol based on the Ethereum blockchain that handles complete lifecycle of collateralized digital asset loans. Imagine ‘shapeshift’ where you deposit a token to receive another token, but with an option of getting back, the first token deposited, albeit for a short term.