ETHLend is a decentralized lending application ( dApp ) that runs on the Ethereum network and offers secure, peer- to- peer lending agreements. Unlike other blockchain loan applications, ETHLend allows a borrower and a lender to determine essential loan details without the intervention of an intermediary. In essence, this means that a lender and a buyer can sign a loan agreement on their terms anywhere in the world.
Would not it be great to live in a world where everyone has the same access to finance, or access to finance at all? This is the mission of ETHLend founder Stani Kulechov . The project was launched in May 2017 and was the first of its kind. ETHLend is part of theAave based in Switzerland , also founded by Kulechov .
ETHLend offers decentralized solutions to prevent loss of capital and to set up a global loan system. This gives access to capital to people without a bank account.
The token sales of ETHLend from LEND ended on November 30, 2017. According to ICO Drops , ETHLend raised $ 17,860,000 . The total circulation LEND tokens is 1,299,999,942.