Review on Aave by Syed Adnan
Commonly known as ETHLend.
It offers a fully decentralized P2P smart lender smart contract, which operates on the Ethereum network and uses cryptocurrency as a guarantor. You need a bank account or a bank near you to take out the loan. This is a quick way to make a profit in the end.
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Pros
- It is a fully decentralized lending dapp that allows orrow lenders and nd lenders to choose the terms and conditions for lending and is held in a smart contract.
- It can handle any transaction on the platform, no matter what - P2P, B2B, or B2C, as long as the parties have no ETH address.
- Blockchain is open to all participants worldwide and all transactions are done P2P. Users are limited in the reach of the market and do not face any interruptions.
Cons
- The problem here is that it is simply not popular enough and is being ignored due to other large cryptocurrencies.
