Another month, another amazing ETHLend update!

Version 0.5 of the platform is out now, with an improved UX an UI, now also dedicated to the US lenders!

Planned Features — All The Data You Need! 📈

The features we planned have been implmented.

Statistics page. We now provide a set of public accessible statistics to our users. You want to know our stablecoins rates, how many loans are there, how much is locked into our smart contracts? Look no further, click here and get all the information you need.

You will find that we have some of the most competitive interest rates out there for both lenders and borrowers, with an average DAI APR of less than 10%.

If you are dev, wallet provider or DeFi tracker, we also created a public repository on GitHub for service providers who want to integrate these information within their project.

Marketplace public page. Starting from today, you will not need to authenticate to access the marketplace anymore. Users will be able to access the requests/offers in our platform by clicking on the “Browse marketplace” link in the navigation bar of our landing page.

New Community-Driven Features 🌈

As for every round of updates, we implemented our new shiny set of community suggested features (always thanks for the precious feedbacks!)

New email notifications. We added a new set of notifications to our notification system, in detail:

1) When a loan request is funded ( for the borrowers ).

2) When an installment is paid ( for the lenders ).

3) When an installment is missed ( for the lenders ).

We also strengthen our notification system and rebalanced it to avoid email spamming (sorry for that🙂)

We added a new set of notifications to our notification system, in detail: 1) When a loan request is funded ( ). 2) When an installment is paid ( ). 3) When an installment is missed ( ). We also and rebalanced it to avoid email spamming (sorry for that🙂) New fresh email template. Which is applied to all the platform notifications.

Liquidation price shown in the loan principal currency. We changed the calculations of the liquidation price to be shown in the same currency of the loan principal to avoid confusion.

If you took a LEND collateral/ETH principal loan, the liquidation price of LEND will be shown in ETH.

APR shown in the loan request cards. The loan cards now show the APR of the loan, to better allow lenders to compare earnings with the competition.

Amount of tokens the lender will get when performing a default call available in advance. The lender will be able to know in advance how much collateral he will get by performing a collateral call.

This will give a better perspective for the lender in choosing the right moment to execute the default call.

Staking LEND Premium status rebalanced. The stake-based premium status introduced in the previous version has been reviewed, and the treshold rescaled to 250,000/100,000 LEND!

Starting from today, anyone who holds more than 100,000 LEND in the wallet will automatically be premium ! But the best has yet to come…

The stake-based premium status introduced in the previous version has been reviewed, and the treshold rescaled to 250,000/100,000 LEND! Starting from today, anyone who holds ! But the best has yet to come… Premium obtained through staking now allows to save on fees. Premium borrowers will be able to save fees based on how much LEND they hold. With 100,000 LEND in your wallet, borrowers will save 33% of the loan origination fee. With 250,000 LEND, borrowers will save 66% of their fee! The fee reduction is only available through staking, does not apply to the paid premium accounts.

Given the important modifications we did to the premium functionality, some users might experience loss of the premium status with the new version. If that happens please contact our support and we will enable it back manually.

ETHLend Coming Back to The US!🇺🇸

After the release of the ETHLend Kogia in 2018 the access to our US customers was limited, due to uncertain regulation in the cryptolending space.

Today we decided to reopen the functionalities of our platform to the US users completely (both lending and borrowing).

This is a huge step forward for us! We will publish in the upcoming days a blogpost further detailing the reasons behind this decision. For now, all the lending functionalities (fund a loan request/create a loan offers) have been re-enabled. The only collaterals available for the US users now are BTC,ETH and LEND, but we are in the process of evaluating the available collaterals for the US borrowers and we will enable more during the next days.

That’s all for this new release — there are many new features, but way more is yet to come. We are just getting started!