1. posts
  2.  → ETHLend
  3.  → reviews

ETHLend

Decentralized P2P marketplace to borrow against BTC, ETH

5.0/5
About

ETHLend is the first decentralized peer to peer lending marketplace for crypto backed loans


It allows crypto holders to borrow money against the major crypto assets including ETH, BTC and DAI and several ERC-20 tokens.

The application comes with an in-app wallet, removing the need to install third parties app.

Would you recommend this product?

I recommend this to anyone to get funded soon instead of selling your cryptos.

Pros:

It's fully decentralised and user friendly. They listen to users request.

Cons:

They can improve the LTV of tokens.

Share
Aave
Would want to touch upon the user requests. Building products is definitely not easy and especially understanding what your user's want and need. I think in ETHLend we are blessed to have a honest and pro-active userbase that are willing to share their opinions on the user experience. That had a big impact on the current design.

the latest release is the milestone on which the whole infrastructure will be built

Pros:

The app is completely decentralized, you are in possession of your own keys. UX has been improved a lot and will improve further over time

Cons:

there are many improvements on various different aspects that can be done

Share
building 🍦 & decentralized stuff

Crypto lending is not a new concept, but ETHLend just makes it easier and more accessible to everyone.

Pros:

Good product, nice UX, and that newly added bitcoin lending option looks like a smart move! Plus, no fee :)

Cons:

Add more major tokens, please!

Share
Aave
Thanks for your review Jun! Definitely UX was one of our top agendas during this release and we are happy to hear that you liked. In the past year we worked to integrate Bitcoin as a collateral, which was an interesting challenge since we had to connect Bitcoin blockchain work with Ethereum-based smart contracts with decentralized manner. Now that we have set up the basis, we are able to scale easily to new cryptocurrencies to be used as a collateral. Also we are looking to add more tokens during the Q1 :)

Great decentralised lending concept based on holding other cryptocurrencies. BTC lending opens up a huge potential market.

Pros:

Decentralised.

Cons:

Improve the UX

Share
Aave
Hi PJ, thanks for your comments and appreciation for decentralization. Is there any recommendations how we could further improve our UX? Would love to hear your thoughts. - Stani
life and tech enthusiast

even my mum could take a crypto backed loan using this!

Pros:

the app it super easy to use! no need to dowload anything to access

Cons:

add more stablecoins

Share
Blockchain Enthusiat

First peer--peer Lending Service

Pros:

Transparent

Cons:

None

Share

Really nice community to buidl around!

Pros:

Addition of DAI and more stablecoins incoming Real BTC as collateral in a decentralized manner Easy to use wallet without need to trust

Cons:

Many improvements incoming so we would need to wait a bit!

Share