You are viewing a single comment's thread from:

RE: ETHLend (LEND) Won't Lend you Profits...It'll GIVE it to YOU!!

in #bitcoin7 years ago

LEND is a solid company with a working product that is actually getting used. Seems like a no brainer.

The only issue I have with it is that the loans on their platform are backed by either LEND or ETH. If the value of LEND drops too quickly, like it did today, it may encourage some borrowers to default on the loan because the collateral they put up for it would be less than the amount they borrowed.

Hopefully the founders of LEND have some kind of solution for this in mind.