Website:
Start At:
2018-02-19
End At:
2018-02-24
Base:
Ethereum ERC20
Founded:
Singapore

Categories:
Trading & Investing
Currencies:
ETH
Whitepaper:
Led

Lendroid
Pre-Sale


Features:


Lendroid is a 0x-inspired, non-rent seeking, trust-independent, open protocol enabling decentralized lending, margin trading and short selling on the Ethereum blockchain. It aims to solve the shortcomings of centralized exchanges by creating a globally shared lending pool, and a symbiotic off-chain infrastructure supported by incentivized participants - Relayers and Wranglers. Simply put, Lenders contribute their offers to the lending pool through relayers, who then match the offers with appropriate traders. The traders can use the borrowed funds to margin trade, make a profit, and repay the lenders.

  • Non Custodial
Smart contracts mean there is no 3rd party custodian. With Lendroid there is no risk of the custodian getting hacked while lending/margin trading.

  • Works Across Exchanges
Lendroid powers a common protocol and a shared liquidity pool for margin trading across various decentralized / centralized exchanges.

  • Non Rent-Seeking
The protocol is non-partisan and does not favor one type of participant over another. The fee is paid by actors using the protocol to those helping the protocol.


Token Sales:


1 ETH = 48 000 LST

Hard cap:  5 000 ETH

Total Tokens: 12 000 000 000

Available for Token Sale: 40%

Bonus 25% of TGE tokens reserved for pro-rata distribution among contributors who optionally vest for 2 years.


Road map:

Q1 2017
Whitepaper on Decentralized Digital Asset Lending released
Q2 2017
Loans for ENS names demo launched on Kovan
Q3 2017
Whitepaper describing our approach to decentralized margin trading.
Q2 2018
Network launch on Ethereum with support for ERC-20 tokens
Q4 2018
Multi-chain Support to accommodate Non ERC-20 tokens
Q2 2019
Protocol/Network governance moved from multi-sig to token holder voting

Links: