What is ETHLend?
With a decentralized system where no one can be stopped from borrowing or lending and all lending has been made accessible through the Ethereum Smart Contract.
There is access to finance as they provide the ability for one to borrow even in locations where they are banks, people lend to Ether to people so one doesn’t need a bank account for a loan. No middlemen just the borrowers and lenders and loans are sent within seconds. Transparency as every transaction is visible and one can follow up on what is happening with their loan smart contract.
Since the cap has been reached, those interested in buying and selling the lend tokens can. Once the ETH is sent to the smart contract and it’s successfully received, LEND is minted and then it gets sent to the address of the participant.