Re: [ LENDING ] [ Dapp ] ETHLend, the Lending revolution is here, no more scam!!!.
Interesting Idea.I'd give you one for detailing the thread and explaining all the necessary steps.I have one question,
What if the lender has no collateral to offer ? Most of the lenders on bitcointalk have no collateral.How does your plugin handle such case ? You have explained a scenario where there is a lender,borrower and a token (BAT) which is a collateral correct ? Replicating the scenario on bitcointalk there is no BAT,just a lender and a borrower.How do you grant such loans ?
What if the lender has no collateral to offer ? Most of the lenders on bitcointalk have no collateral.How does your plugin handle such case ? You have explained a scenario where there is a lender,borrower and a token (BAT) which is a collateral correct ? Replicating the scenario on bitcointalk there is no BAT,just a lender and a borrower.How do you grant such loans ?
Well, most lenders in bitcointalk have no collateral but are scam, check :
https://bitcointalk.org/index.php?topic=577765.0
Collateral is required in decentralized lending
It lets you unleash the capital you have locked in the eth.
This project is active, take a look.
The Lenders don't have Collateral?!
They have BTC for sure!Can you tell me a Lender who is a scammer, because (as you also state) most of us are scammers...
Maybe you and Patatas make a small mistake and you mean Borrowers instead of Lenders?