What is dLEND?
It is a tripartite of the three dapps under the Aspen Ecosystem. The others are HyperSphere and dCollect. The former deals with real-world and digital products merging seamlessly to a place of universal exchangeability while the latter is all about a zero fee marketplace for NFTs based on historical events and people.
dLEND is the iteration of AspenLabs into Decentralized Finance and basically involves a social financing dapp that allows lenders to pool funds and earn passive interest rates when the Aspen token via a Smart Contract lends on their behalf dLEND thus tokenizing loans and mortgages in countries with unreliable banking like developing countries. The aim is for users to invest some stable coins like Tether, DAI or Binance pegged USDT in real-world assets like real estate investment trust (REIT) which is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests.
dLEND is an application that will be released around Q4 of 2022. The primary difference for the token being that the product is not intended to appreciate rather operate in a similar manner to a fixed deposit account at a bank. The tokenized asset is a unit of account therefore the interest accrued over a year would be paid out by issuing an additional fractionalized token equivalent to the interest accrued over the year of deposit.
The Problem
With crypto loans not available to most mainstream individuals or have high interest rates especially in third world countries like India, Indonesia, South Africa, Ethiopia, Brazil or Turkey, education especially to Western countries are severely hampered. Thus there is a non-parallel focus between student loans and home loans with student loans focused on borrowers from developing nations heading to developed ones and home loans are focused on nations with highly developed real estate markets.
The Solution
Here dLEND simply integrates the lender’s stablecoin into fiat, then loans it out to a qualified borrower and upon repayment the initial lender receives their principle plus interest, even obliging users who want to loan their money to particular regions. They decide they want to fund students from South-East Asia heading to America for higher education. This may be an option if it does not result in balkanization of funds, we would want to prevent this so we as a company have maximum flexibility to utilization of funds for the benefit of our users. The market is currently constructed, loans from digital asset lenders require 150–300% collateral. dLEND interest is not in loaning to users against digital assets but allows users to deposit a reserve asset and have in turn a tokenized equivalent issued.
Final Word
dLEND is contructed to be a stable, consistent, low-risk and low yielding investment in the neighborhood of 5–10%.It’s not going to make you rich quick, however your heart is at peace because you don’t have to keep thinking about rug pulls or any other malicious outcomes.
Author
Forum Username: arif90900
Forum profile : https://bitcointalk.org/index.php?action=profile;u=2860264
PROOF OF REGISTRATION Link : https://bitcointalk.org/index.php?topic=5345529.msg57305331#msg57305331
Telegram Username: @arif90900
ERC20 Address: 0x6cec29a5668d5ecfa829b766fb62b2b53a8a6b94