Lending

UnFederalReserve Token (ERSDL), rebranded to Residual Token (eRSDL), is the native cryptocurrency token associated with the UnFederalReserve ecosystem.

The DeFi Pulse Index (DPI) is a cryptocurrency index token that represents a diversified portfolio of decentralized finance (DeFi) tokens.

NEXO is a cryptocurrency-backed lending platform that offers users the ability to borrow funds using their digital assets as collateral.

2020 is the year of DeFi. The total market value, user volume, and lock-up funds pf DeFi have skyrocketed, driving the rapid rise of decentralized lending, derivatives, decentralized stablecoins, DAOs, DEXs, oracles, etc.

CoinLoan, an Estonia-based startup, has launched a crypto-to-fiat lending platform where cryptocurrency is used as collateral. From now on, crypto-backed loans are available for users all over the world. On CoinLoan, everyone can become a lender or a borrower, on his or her own terms. The platform’s primary objective is to link counteroffers and ensure the safety of the deal.

Cereal – a next-generation platform for cryptocurrency-secured loans – will cater to crypto miners and provide them with the funds that are needed to purchase equipment and to cover operation costs.

RAD Lending is announcing it’s Pre-ICO, the RAD tokens will be available to all investors, including U.S. accredited investors. The proposed RAD products include a p2p crypto-secured lending platform with revenue profit sharing, a crypto-backed card with a credit limit, digital credit scoring and credit history, and a potential decentralized blockchain-agnostic escrow service for managing security deposit across various blockchains.

Cryptocurrency finance is considered the future of Fintech and a viable alternative to the conventional banking system. P2P finance and lending is a part of this amazing development as it allows investors to leverage their money directly to borrowers with safe backing and cushioning of risks involved. But, while the idea is incredibly useful for the future, it has not been transformed into a practical system as of yet. Many startups are competing and it is resulting in a movement toward an ideal P2P system of banking.

Karma is now accessible through CoinLink and OpenLedger.