Compound

by Compound

4.5/5

(1)
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Celsius Network

by Celsius Network

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CoinLoan

by CoinLoan

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Compound

by Compound

4.5/5

(1)
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Celsius Network

by Celsius Network

(0)
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CoinLoan

by CoinLoan

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What problem does this service solve?

Compound lets users borrow or lend cryptocurrency and earn an interest rate.The Celsius Network will connect lenders and borrowers in a P2P lending market.CoinLoan 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.

Celsius Network is developing an Ethereum-based lending platform. They aim to replace banks as centralized loan providers, and to allow cryptocurrency holders to earn returns by lending. Through the Celsius Wallet, users will be able to lend and borrow coins at significantly reduced rates compared to traditional financial institutions. The Celsius App is available on iOS and Android, and enables users to send funds with no fees.

CoinLoan's peer-to-peer lending network allows users to leverage their blockchain assets to secure loans, and get fast liquidity without having to sell their cryptocurrencies.

Ratings

Overall

4/5 (1)

(0)

(0)

How likely is it that this platform will exist in 10 years?

5/5

How effective is this platform in connecting supply and demand?

4/5

How does this platform compare to other decentralized lending services?

4/5

How likely is it that you would use this type of lending service?

5/5

Do you agree that this blockchain-based solution can improve upon existing technology?

5/5