EthLend (LEND) is a fully decentralized lending application (DAPP) that offers safe peer-to-peer lending agreements by using blockchain and smart contracts. Lenders from anywhere in the world can place a loan request on Ethlend and compete, on which one i s going to offer the most competitive rate. This can democratize the lending process by taking away the power, which traditional financial institutions and banks hold on to.

LEND lets the borrower and the lender to personalize the essential details of the loan and to create terms without a middleman. This kind of decentralized lending fixes a lot of the innate problems with the centralized borrowing system, such as the issues with trust and transparency. It al so provides worldwide access to loan transactions, which creates a much bigger pool of loan liquidity.

Ethlend wants to provide decentralized solutions for reducing the loss of loan capital and to create a transparent and efficient global lending marketplace.

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