JANUARY 09, 2018 — We are excited to announce that Enigma, an off-chain network solving scalable privacy for blockchains, and ETHLend, the first decentralized lending marketplace are working towards a partnership that will help bring data and computational privacy to decentralized lending.

Enigma is an off-chain peer-to-peer network that enables different parties to jointly store and run computations on data while keeping data completely private through the use of secret contracts. Using Enigma’s secret contracts — smart contracts that keep sensitive data encrypted at all times — credit data on ETHLend will be processed and used in a decentralized ecosystem while using the off-chain Enigma Network, bringing more trust and security for users of the ETHLend dApp.

Moreover, ETHLend lenders will be able to use Enigma | Catalyst to devise lending and collateral management strategies by using user-curated data. Catalyst is Enigma’s platform for data-driven cryptoasset trading and investment that is built on their secure cryptofinancial data marketplace. This will help expand the ETHLend lending ecosystem by allowing for better financial management of funds.

Stani Kulechov, founder of ETHLend, said:

“Enigma’s protocol will enable private loans to add more privacy for lenders and borrowers. This would be tremendously useful in the B2B and B2C lending markets, which ETHLend is aiming to disrupt. We’re looking forward to working with Enigma’s talented team and technology to achieve our vision.”

Can Kisagun, co-founder of Enigma, said:

“Helping create decentralized solutions for lending and credit is one of the strongest use cases for the Enigma privacy protocol. We’re excited to work with the dynamic ETHLend team to help them grow their revolutionary platform and together build the future of decentralized lending.”

About ETHLend

ETHLend is decentralized peer to peer lending application and protocol running on top of Ethereum network. On the current state of the platform, borrowers’ can use ERC-20 tokens as a collateral to borrow Ethereum cryptocurrency to unlock long term token investments for trading and participating in ICOs. The ETHLend team is working towards creating a global marketplace and lower interest rates globally. Within 1 month of launching their v0.2, users on ETHLend borrowed over 1 250 000 USD worth of Ethereum in the first ever decentralized lending market. www.ethlend.io

About Enigma

Enigma is enabling a truly decentralized future by solving privacy and scalability for blockchains. Blockchain is a powerful technology, but today it is impractical and mostly unusable at scale — current computing capacity on blockchain is slow and expensive and data is visible to everyone. As a result most data is still stored off-chain in centralized databases, defeating the purpose of decentralization. Based on a groundbreaking MIT thesis, Enigma solves blockchain’s scalability and privacy issues at the protocol level with a second-layer, off-chain network that uses “secret contracts”, smart contracts that allow data to be processed by nodes in the network while still being kept private. Through this innovative architecture, Enigma has created a truly decentralized solution on which powerful dApps can be built. More information can be found at www.enigma.co.