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ETHLend (LEND) is an ERC-20 compliant token developed on the Ethereum blockchain. ETHLend provides digital asset-backed loans and provides a decentralized peer to peer platform for lenders and borrowers to exchange digital currencies. ETHLend offers a zero fee lending if LEND token are used as the medium of lending. Similarly, if LEND tokens are pledged as a collateral there is a 50% reduction in fee compared to other tokens pledged. ETHLend also offers a Premium Feature which enables itsShow more [+] lenders to fund loans in 60 minutes. ETHLend solves the problem of extra fees charged by third parties acting as trustees between lenders and borrowers. Using smart contracts on the Ethereum blockchain ETHLend provides trust, transparency and easy access. The borrower's reputation is measured using Credit Token (CRE) which is exclusive to Ethlend and cannot be traded or transferred. More the number of Credit Tokens associated with the borrower, more trustworthy the user's account is.
EthLend was founded by Stani Kulechov, who remained as an advisor of a number of ICOs. Jordan Lazaro Hustave is leading as the Head of Management. The team consists of 22 members. The advisory board comprises of 6 members including Jon Matonis from Bitcoin foundation.