Lending Block

PRESENTATION

Lendingblock is an open exchange for cryptocurrency loans, where borrowers and lenders are instantly matched in simple, safe and transparent way.

Lendingblock is a convention and stage intended to empower and support obtaining and loaning inside the crypto budgetary framework, bringing the monetary advantages of loaning (expanded spending and development, interfacing capital free market activity) to the dispersed blockchain economy, however limiting the requirement for wasteful go-betweens that are pointless in the cryptographic resource environment.+

Lendingblock is making the market and money related framework for securities loaning in the crypto-economy. The estimation of securities on credit in the securities loaning commercial center has come to $2trn in 20171, this makes up 12% of all stocks and bonds available for use. It is normal that the market of cryptographic forms of money and advanced resources will take after a comparative development in the acknowledge markets for respects to financing however with a quicker rate of selection given the straightforwardness and smoothness of the market.

Lendingblock will be the main trade for crypto resource sponsored advances that addresses the issues of institutional and individual borrowers and loan specialists in the crypto-economy.

Cross chain interoperability

Lendingblock enables cross blockchain value transfer for the crypto lending market. We will be launching with Bitcoin, Ethereum and ripple as our first lending currencies.

Secure

Funds are held in a cryptographic escrow between different blockchains, released through ethereum smart contracts which holds the information of the loan agreement.

Transparent Oracles using SGX

To enable transparent cross-chain lending from day one, we use oracles to provide strong guarantees for lending contract initiation, collateral management and repayments. Implementing oracles as code running inside the Intel SGX enclave, we can provide a cryptographic proof to the blockchain that it executed a specific piece of code with given inputs.

Lendingblock is making the market and money related framework for securities loaning in the crypto-economy. The estimation of securities on credit in the securities loaning commercial center has come to $2trn in 20171, this makes up 12% of all stocks and bonds available for use. It is normal that the market of cryptographic forms of money and advanced resources will take after a comparative development in the acknowledge markets for respects to financing however with a quicker rate of selection given the straightforwardness and smoothness of the market.

Lendingblock will be the main trade for crypto resource sponsored advances that addresses the issues of institutional and individual borrowers and loan specialists in the crypto-economy.

API Access for institutional traders

For institutional and professional traders, we will also make our API tools available. Our API will offer public data on loan order books, rate tables across different currencies, user account information and the ability to place lending/borrowing requests. Users will also have access to payment terminals for interest and principle repayments.

The Lender process has five stages:

1.Registration, in which prospective lenders create an account and complete identity verification;

  1. Specification, in which lenders first complete profiles specifying what they are looking for, e.g. how much they wish to lend, for what duration, desired minimum interest rate, and acceptable collateral. After verifying that the principal is available to prevent spurious offers, this lending offer is then automatically matched to loan profiles that meet their requirements;
  2. Initiation, in which once borrowers have submitted collateral, lenders place loan principal into the Lendingblock smart contract, at which point the principal is sent to the borrower;
  3. Operation, in which the lender receives scheduled interest payments from the LND smart contract; and
  4. Finalisation, in which the lender receives repayment of their principal, or in the case of default by the borrower receives the collateral to cover their investment.

Maintaining the appropriate level of collateralisation

The level of collateralisation will be automatically monitored using verified data sources. Should the level of collateralisation drop below the collateral floor (where the value of the collateral falls relative to the value of the principal),

The borrower will be notified that additional collateral is required.
If the borrower fails to provide additional collateral, a portion of the secured collateral will be converted to the principal to bring the level of collateralisation back to the initial required level.

Should the level of collateralisation rise above the collateral ceiling (where the value of the collateral rises relative to the value of the principal), collateral above the ceiling will be returned to the borrower.

TOKEN SALE DETAILS

RoadMap

TEAM

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

WEBSITE: http://lendingblock.com

WHITEPAPER: https://whitepaper.lendingblock.com/#abstract

TELEGRAM: t.me/lendingblock

TWITTER: https://twitter.com/lendingblock

FACEBOOK: https://www.facebook.com/lendingblock/

REDDIT: https://www.reddit.com/r/Lendingblock/

 

Author : Maniecool

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995

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Maniecool

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