Review on Aave by Alex Martakov
The nearest plans of ETHLend developers are focused on the following tasks…
The nearest plans of ETHLend developers are focused on the following tasks:
(+)- implementation of a platform for placement of ready proposals from creditors;
(+)- the mechanism of crowd-lending – some lenders can Finance one loan based on the General smart contract;
(+)- formation of reputation system DCR – decentralized credit rating will display the full history of each user and his activity;
accrual of penalties for delay;
(+)- expanding the list of currencies for issuing loans – initially, ETHLend provides loans only in ETH, in the future it is planned to issue them in other cryptocurrencies, and then in Fiat money;
(+)- formation of a database for credit risk analysis and development of artificial intelligence that provides an objective assessment;
(+)- development of the insurance system and introduction of the mechanism of bidding on interest rates for lending.
Ethlend Developers plan to implement these tasks by the first half of 2019. In the future, it is expected to optimize the tools, Refine the most popular mechanisms and expand the platform beyond the ether.
Given these prospects, the analysts positively evaluate the potential ETHLend for investment. Mainly consider long-term investments focused on the gradual development and promotion of the project. Short-term deposits can be profitable on the basis of news events – integration of new technologies, expansion of partnerships, improvement of functionality, participation in certain events and marketing campaigns.
Pros
- (+)- lack of mediation and safe use of cryptocurrency assets; (+)- democratization of interest rates – their level is regulated by market mechanisms and does not depend on the country of residence of users; (+)- reputation system and credit history with all data of each user; (+)- introduction of artificial intelligence for credit risk assessment. In the end ETHLend offers reliable mechanisms for the provision of loans, which will make the credit market available to users of all countries. The use of a decentralized framework for development ensures the reliability and security of the system, as well as its independence from outside interference.
Cons
- None
