Startups like Salt Lending, Nebeus, CoinLoan and EthLend have all started a new industry by making loans to borrowers using bitcoin as collateral; with the world of bitcoin millionaires growing they will need to buy houses or cars and being able to secure a loan by putting up their bitcoin will allow then to make these purchases; securing a loan for $100,000 could cost a borrower 12 to 20 percent in interest and $200,000 in bitcoin as collateral; the loans could help bitcoin miners secure funding and potentially compete with P2P lenders; it is still early days but the potential is there as more byproducts are coming to light in the bitcoin craze. Source.
TechBullion interviews Stani Kulechov, Founder of ETHLend; Ethlend is creating a global network for borrowers and lenders; discusses the benefits of using distributed ledger technology for loan transactions; the company currently has 20 people based around the world and delivered their Alpha-version in May 2017. Source
The focus of the partnership is tokenization of assets to make the lending process easier and bringing in real-world assets as collateral; ETHLend is a peer to peer lender operating on the Ethereum network to connect lenders and borrowers globally; Brickblock is a trading platform connecting real-world assets and cryptocurrencies. Source
ETHLend will issue LEND tokens in a pre-sale and official token sale; the pre-sale is scheduled for September 25 to October 25 with a goal of 2,000 ETH; the official sale will begin November 25 and last through December 9 with a goal of 37,600 ETH; ETHLend is developing a decentralized peer-to-peer lending application built on the Ethereum Network; it allows for increased transparency and global lending with services for collateral, decentralized credit ratings and management of exchange volatility risks. Source