ETHLend Summary Evaluation

The mechanism of lending and borrowing on the platform uses smart contracts through which both parties to an agreement are connected without the need for an intermediary. The Company charges a platform fee for facilitating loans; however, interest rates, premiums, and conditions are mutually agreed upon by the participants. To borrow, a user needs to submit his/her digital tokens as collateral on the platform which is then stored in a smart contract. on the public Ethereum blockchain. The platform uses a non-custodian depository smart contract to obtain network security for the tokens stored as collateral.