ETHLend vs Sovryn vs Celsius Network
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. | Sovryn aims to allow DeFi traders more opportunities to earn interest on their assets by leveraging Bitcoin's larger liquidity pool; as opposed to most DeFi solutions that are built on Ethereum. | The Celsius Network will connect lenders and borrowers in a P2P lending market. |
Token Stats
Not Relevant |
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. | Sovryn is a decentralized exchange and derivatives market. It is a permisionless and non-custodial platform for earning interest on Bitcoin and other Bitcoin based currencies. Sovryn is built on the Bitcoin sidechain RSK, and hopes to advance the decentralized finance space by leveraging the larger market cap and liquidity pool of the Bitcoin ecosystem. Traders can trade, borrow, and lend bitcoin, USDT and RSK’s dollar on chain (DOC) stablecoin. | 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. |