Compound vs AltLending vs HERO Token
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. | HERO's goal is to connect borrowers and lenders in a decentralized lending marketplace. |
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. | HERO is developing a blockchain-based lending marketplace that will connect borrowers and lenders. The network will be powered by the Ethereum based HERO token. The project was originally focused on using blockchain to promote financial inclusion in Southeast Asia. |