As long as we are alive, there are several reasons to spend some amount of cash on a daily basis. Spending doesn't respect position. It's a most we spend (bills).

So what really happens if you're an investor? Do you take back your investment to pay bills?

As an investor, you must have thoroughly understood the rules behind your investment. Some investment platforms do not welcome the taking back of funds before the due date or time. This means there's a central authority in charge of your investment.

But this is a different story as a cryptocurrency investors.

Blockchain is an advanced technology that registers cryptocurrency and other related transactions on a public chain. Cryptocurrency and Blockchain solved the issue were you are not allowed to take back your investment at your desired time.

But hold on! Why would you even want to take back your cryptocurrency investment? When you can use it as a collateral to get funds.

This brings us to the introduction of EthLend. One of the most successful Dapps featured on stateofthedapps.com.

EthLend is the world's first crypto lending marketplace. It's a decentralized platform for borrowing money while using your cryptocurrencies as a collateral. Ethlend is a secured Dapp on the Ethereum Blockchain using smart contracts.

Ethlend is so different from other similar platform with a unique reason. Which is, there are no middle man to decide how a trade goes. The lender & borrower decide how a trade goes.

Ethlend has been a success since it's launch. It generated over 20million USD lending volume last year.

• Secure
• Open Marketplace
• Fast

EthLend is both mobile friendly and fast on computers. Since ethlend is ethereum Blockchain based, every transaction is recorded and can be verified on ethereum nextwork.

Since funds are locked and controlled by Smart Contracts, you don't have any third party or middle man to trust.

You have options to either borrow from an already created offers or create a new one.

The open marketplace enables the most competitive interest rates.

EthLend is regulated by code. And it has crosschain interoperability with Bitcoin since it's a safe chain.

• Loan data auditable by design on the Ethereum blockchain.

• The Funds are stored on a non-custodial Smart Contract.

The official token for Ethlend is LEND. It's an ERC-20 compatible token. There are several benefits holding LEND on the platform.

There are more than 200 supported coins. This includes BTC, Eth, Lend and other ERC20 tokens.

One of the biggest news this year and on the ecosystem of lending and borrowing of funds with cryptocurrencies, is getting to know that, Aave launched Bitcoin on Its Ethereum-based Crypto Lending Marketplace ETHLend. This means that borrowers can now use their Bitcoin holding as collateral on Ethlend platform. This feature reduced the stress of you converting your Bitcoin to altocoins.

One good reason I will recommend Ethlend to borrowers is because, you can have an option to propose your own interest rates for Bitcoin loans instead of relying on lender dictated markets.

Ethlend seeks for features to benefit both the borrowers and lenders. This brought about the idea to list a stablecoin.

You might want to ask why do the platform need a stable coin? Truth is, the crypto market isn't stable. And there are lots of investors wishing there are stablecoins on the platform they put their funds in. Ethlend isn't an investment platform. But, any investor willing to borrow money will prefer to keep their asset in a stablecoin for an accurate price calculation.

Sometime in December last year, there was a competition on Twitter. Where the community voted for their favorite stablecoins to get listed on ETHLend platform. The competition ended on the 3rd of January 2019. And the community voted for Dia coin as the first official stable coin on ETHLend platform.

After several new features on the platform, a medium blog post ETHLend Baiji Release Has Arrived on The Mainnet! was published.

A part from the post says The more users help us to reach our goals, the more we will reward them. This means that they are about hosting a competition to reward both lenders and borrowers.

As a lender on the platform, all you have to do is fund loans with DAI and get a reward in LEND tokens.

• 350,000 DAI — 50% Lenders’ fees
• 280,000 DAI — 40% Lenders’ fees
• 210,000 DAI — 30% Lenders’ fees
• 140,000 DAI — 20% Lenders’ fees
• 70,000 DAI — 10% Lenders’ fees

Borrowers can earn Lend for using BTC to get a loan.

• 100 BTC — 50% Borrowers’ fees
• 80 BTC — 40% Borrowers’ fees
• 60 BTC — 30% Borrowers’ fees
• 40 BTC — 20% Borrowers’ fees
• 20 BTC — 10% Borrowers’ fees

Check this blog post for more (ETHLend Baiji Release Has Arrived on The Mainnet!).

This is not a piece of financial advice. Please do your own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.