Compound vs AltLending vs ETHLend
What problem does this service solve?
Compound lets users borrow or lend cryptocurrency and earn an interest rate. | Altlending enables clients to receive cash loans, by depositing their Bitcoin or Ethereum. | ETHLend is a P2P lending platform that allows people to use their crytpocurrency assets as collateral to receive loans. |
Token Stats
Not Relevant |
Company Description
Compound is an Ethereum-based lending platform that allows DApps to easily monetize or borrow tokens. The Compound token is used to power a money lending market for crypto assets. Projects can earn interest on funds that are inactive. The Compound protocol adjusts money market interest rates based on asset-specific supply and demand. This allows users to exchange Ethereum assets without having to negotiate terms, rates, or technical requirements. | AltLending is an institutional, crypto-backed lending platform that makes U.S. Dollar loans that are secured by cryptocurrency assets placed in collateral. AltLending is a subsidiary of Dominion Capital and is based in New York. | ETHLend is developing a decentralized lending network powered by the LEND token. It connects lenders and borrowers in an Ethereum-based lending platform that is more transparent and has lower fees. |