ETHLend Alpha 0.2 Reaches over 100 ETH Lending Volume in a Week

ETHLend launched the new improved decentralized application (DAPP) Alpha 0.2 on 15 December 2017, two weeks after the LEND token sale was over. During this update the application was improved with multiple upgrades to provide decentralized lending to become viral. These upgrades included basic collateral management, security features and pre-listed tokens.

Today, we are happy to announce that ETHLend DAPP reached over 100 ETH volume just a moment ago, which means that on the current rate, the application has provided finance above 75 000 USD worth of Ethereum within a week to ERC-20 token holders to finance their goals and dreams.

As a side curiosity, one interesting use-case has related to the recent cryptocurrency bear market. Apparently, during current cryptocurrency market condition, FIAT exchanges are burdened with traffic and traders who want to leverage from the bear market have found an easier way to unlock liquidity by pledging tokens as a collateral in ETHLend to receive more Ethereum for other cryptocurrency or token trading.

The ETHLend team is humbled by the trust of the users and we want to thank our community in Telegram and Reddit for supporting us!

If you want to place a loan request or fund loans (install first metamask from https://metamask.io), go to our dapp at https://app.ethlend.io and follow the example of early adopters.

To buy LEND token, use Binance: https://www.binance.com/trade.html?symbol=LEND_ETH

Discuss more on Telegram: https://t.me/ETHLend