ETHLend vs Compound vs Karma
What problem does this service solve?
ETHLend is a P2P lending platform that allows people to use their crytpocurrency assets as collateral to receive loans. | Compound lets users borrow or lend cryptocurrency and earn an interest rate. | Karma's P2P lending network lowers fees by connecting lenders and borrowers directly. |
Token Stats
Company Description
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. | 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. | Karma is developing a decentralized P2P lending network, powered by the KRM token. It connects lenders and borrowers in a blockchain-based lending platform that is more transparent and has lower fees. Karma allows users to act in a variety of roles within their lending ecosystem, and loans can be tailored in a variety of ways. |