What problem does this service solve?

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.

Lending platform that allows people to use their crytpocurrency assets as collateral to receive loans.

ETHLend is a P2P lending platform that allows people to use their crytpocurrency assets as collateral to receive loans.

Token Stats

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Company Description

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.

Teneos is developing a lending platform that will allow users to leverage their blockchain assets to secure cash loans, and get fast liquidity without having to sell them.

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.

Ratings

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Sovryn vs Teneos vs ETHLend

Sovryn

Teneos

ETHLend