Lendroid Goes to ETHDenver 2020
The hardest part was not tokenizing the time value of money. Not the invention of multi-fungible tokens. It wasn’t even solving crypto lending’s biggest challenge — collateral risk management. The hardest part was to keep from shouting about it all from the rooftops. We kept mum though; we wanted to save it for ETHDenver (applications still open, btw).
We are happy Cypher Sponsors at the event, and are smitten with the ETHDenver team’s efficient support and patience from Day 1.
Without any more ado, here’s an overview of what we’re bringing to Denver, and who we would love to meet.
Where to begin. Let’s start with the premise — DeFi deserves better. DeFi reimagines finance as open and fair; blockchain tech at its best. But it is also embarrassingly prone to black swan events. Take crypto lending, for instance — caught in an ad-hoc liquidation loop. V2 infuses stability and transparency in DeFi, and makes it antifragile, like it was meant to be.
This year we have taken a novel and fresh approach to crypto lending. The aim is to introduce fixed terms and fixed interest rates for crypto loans and do away with ad-hoc liquidation.
So, how are we doing this? This version of Lendroid is all about token engineering. We invented Multi Fungible Tokens, MFTs, the big idea that powers this protocol. We do have a UI where you can play around with these tokens yourself. Imagine these tokens as LEGO blocks that come together to create a product; lending in this case.
The Hackers: All will be revealed on developers.lendroid.com, but the gist is this — when you work on this protocol, you’re not adding a jigsaw piece to a larger puzzle. What you’re doing is creating your own viable lending-based business on Ethereum. There is so much opportunity on this system — well beyond speculation or rent-seeking. There’s separate and detailed communication on this, but you can win bounties for a range of challenges, from simple plug-and-play to actually solving a real niggle or two for us.
Loan Aggregators: Your work is invaluable to the system. We look forward to interfacing with you and figuring out interesting ways to feature on your shelf. Even as a lending platform, there’s more to Lendroid than just loan volumes or liquidations.
The Intrepid: Despite ad hoc liquidation, despite interest rates that can vary wildly, despite collateral risk never properly addressed, you, the intrepid still took the plunge and created a $650mn DeFi lending market. We built V2 for you. Come check it out. Sleep better.
The Collectors: If you loved the idea of an NFT, the uniqueness of it, the glint of hidden value that comes from its genesis or its place in space-time, you will love Multi Fungible Tokens. MFTs contain a multitude of dimensions in them. Pick them up, bite on them if you feel pirate-ish. Can you see what they are?
There is a very specific vibe to ETHDenver. The sense that somewhere over the last few years, it evolved from an earnest though regular blockchain event, into an institution. The kind that makes you want to bring your A-game to. So that’s what we’re doing this year. We are so looking forward to the conversations, panels and the pure hacker enthusiasm in the mountain air.
See you in Denver. Feel free to write in before, during and after to [email protected] Tweet us @lendroidproject or find us on Telegram https://t.me/lendroidofficial
Published at Sat, 08 Feb 2020 15:37:47 +0000
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