Lendingblock

Lendingblock is a cryptocurrency lending and borrowing platform for retail investors. It allows users to deposit idle cryptocurrencies and earn interest rates up to 12% per year, depending on the length of the loan term. Cryptocurrencies can also be used as collateral to secure stablecoin dollar-backed loans at reasonable interest rates, without the need to sell. This way, participants can unlock value from their crypto assets without having to go through a traditional financial institution.

Every month, Lendingblock pays its active users a Lendingblock (LND) token airdrop reward based on their share of the total monthly platform activity. Depending on the user’s activity, this airdrop can be very lucrative indeed, as seen in the first airdrop reward for October’s activity, where platform borrowers were paid 1,323% APY in LND tokens, effectively meaning that Borrowers were paid to borrow!

Lendingblock’s achievements so far include:

* Over $5m of customer deposits in under 2 months of launch

* 34% average week-on-week growth rate of new deposits

* 7% average week-on-week growth rate of new user sign-ups

Lendingblock was founded by Wall Street tech veteran Steve Swain in late 2017. The company was initially funded by a $10m Initial Coin Offering (ICO) in April 2018 and subsequently regulated by the Gibraltar Financial Services Commission in 2019.

You can Join their community Discord here to get to learn more about this project

Categories

• Decentralized Finance (Difi)
• New Web3 Projects