What problem does this service solve?

SALT is a 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.

Compound lets users borrow or lend cryptocurrency and earn an interest rate.

Token Stats

Not Relevant

Company Description

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.

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.

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.

Ratings

Overall	(0)	(0)	4/5 (1)
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

SALT vs Sovryn vs Compound

SALT

Sovryn

Compound