ETHLend has recorded a new record breaking figure of 12,000 ETH in lending volume.
The past month has been an eventful period for ETHLend, having recently launched several key project developments. This includes the deployment of its decentralized application, Alpha 0.3 (Kogia) to the Ethereum Testnet, as well as new FIAT lending capabilities. During this period, ETHLend has also recorded a new record breaking figure of 12,000 ETH in lending volume.
The lending figure is noteworthy given ETHLend’s volumes have doubled since its last update on March 22, 2018, which saw 6,000 ETH in loans. The record 12,000 ETH in lending volume was calculated on ETHLend’s dApp (Alpha 0.2.0 and Alpha 0.2.1 codenamed Omura).
All part of the plan
Such an increase bodes well for ETHLend, which highlights an increase in both transactions and size of loans. The increasing traction of the project has also sped up in 2018, with ETHLend targeting specific upgrades in Q1.
ETHLend is currently building a statistics module for the decentralized application. During Alpha 0.2.0, the group’s lending volume reached 3,500 ETH, with its current Omura version having already reached 8,500 ETH. ETHLend estimates this figure to reach 10,000 ETH before the Kogia main net release, bringing the total to 13,500 ETH in volume.
Coming Next: KOGIA Alpha 0.3
Looking ahead, the release of ETHLend’s Alpha 0.3 Kogia is right down the corner. In this new version users will be able to utilize a number of improvements. With the upcoming version, paying an installment on the loan will result in LTV ratio decreasing. LTV will also naturally decrease in case of borrower refilling the collateral, which is a new feature introduced on this version. Both of these introductions will help protect borrowers position and avoid collateral calling.
Alpha 0.3 will also introduce much anticipated new and improved user interface and also improved usability by mobile devices. The new version is more user friendly, with users able to access the new test version to get acquainted with the new features.
ETHLend will also be looking to introduce LEND as Method of Exchange, and by doing it will enable the users to use our decentralized application with zero fees. Prospective users or individuals interested in learning more about the project can also speak directly to company representatives during Blockchain Week in New York.
Beginning of May 2018, CoinDesk, together with the New York City Economic Development Corporation (NYCEDC) will be working to host the Blockchain Week. Looking to see over 5,000 attendees, ETHLend will be organizing a ‘MeetUp’, giving crypto enthusiasts and its growing community a chance to learn more about the project.
The past month has been an eventful period for ETHLend, having recently launched several key project developments. This includes the deployment of its decentralized application, Alpha 0.3 (Kogia) to the Ethereum Testnet, as well as new FIAT lending capabilities. During this period, ETHLend has also recorded a new record breaking figure of 12,000 ETH in lending volume.
The lending figure is noteworthy given ETHLend’s volumes have doubled since its last update on March 22, 2018, which saw 6,000 ETH in loans. The record 12,000 ETH in lending volume was calculated on ETHLend’s dApp (Alpha 0.2.0 and Alpha 0.2.1 codenamed Omura).
All part of the plan
Such an increase bodes well for ETHLend, which highlights an increase in both transactions and size of loans. The increasing traction of the project has also sped up in 2018, with ETHLend targeting specific upgrades in Q1.
ETHLend is currently building a statistics module for the decentralized application. During Alpha 0.2.0, the group’s lending volume reached 3,500 ETH, with its current Omura version having already reached 8,500 ETH. ETHLend estimates this figure to reach 10,000 ETH before the Kogia main net release, bringing the total to 13,500 ETH in volume.
Coming Next: KOGIA Alpha 0.3
Looking ahead, the release of ETHLend’s Alpha 0.3 Kogia is right down the corner. In this new version users will be able to utilize a number of improvements. With the upcoming version, paying an installment on the loan will result in LTV ratio decreasing. LTV will also naturally decrease in case of borrower refilling the collateral, which is a new feature introduced on this version. Both of these introductions will help protect borrowers position and avoid collateral calling.
Alpha 0.3 will also introduce much anticipated new and improved user interface and also improved usability by mobile devices. The new version is more user friendly, with users able to access the new test version to get acquainted with the new features.
ETHLend will also be looking to introduce LEND as Method of Exchange, and by doing it will enable the users to use our decentralized application with zero fees. Prospective users or individuals interested in learning more about the project can also speak directly to company representatives during Blockchain Week in New York.
Beginning of May 2018, CoinDesk, together with the New York City Economic Development Corporation (NYCEDC) will be working to host the Blockchain Week. Looking to see over 5,000 attendees, ETHLend will be organizing a ‘MeetUp’, giving crypto enthusiasts and its growing community a chance to learn more about the project.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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