ETHLend vs HERO Token vs Compound
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. | HERO's goal is to connect borrowers and lenders in a decentralized lending marketplace. | Compound lets users borrow or lend cryptocurrency and earn an interest rate. |
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. | 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. | 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. |