What problem does this service solve?

Compound lets users borrow or lend cryptocurrency and earn an interest rate.SALT is a lending platform that allows people to use their crytpocurrency assets as collateral to receive loans.

Token Stats

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.

SALT is a crypto lending platform that is powered by the SALT token. It allows users to leverage their blockchain assets to secure cash loans, and get fast liquidity without having to sell them.

Ratings

Overall

4/5 (1)

(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