#p2p Lending Borrowing Script

[justtryblockchain]

Why a WazirX Clone Script is the Best Investment in 2025

Introduction

The cryptocurrency market has evolved from a niche financial experiment to a global powerhouse. By 2025, the industry is projected to surpass previous records, driven by mass adoption and institutional interest. With an increasing number of individuals and businesses exploring digital assets, the demand for cryptocurrency exchanges continues to high.

For entrepreneurs and investors, launching a crypto exchange is an enticing opportunity. However, building an exchange from scratch is resource-intensive and time-consuming. This is where a WazirX clone script emerges as an optimal solution—offering a ready-made, customizable platform that enables quick deployment and scalability.

The Growing Popularity of Cryptocurrency Exchanges

Cryptocurrency exchanges are at the heart of digital asset trading. Over the years, the industry has witnessed explosive growth due to several key factors:

Mainstream Adoption: Governments, financial institutions, and retail investors have embraced cryptocurrencies, fueling widespread adoption.

Rise of Decentralized Finance (DeFi): DeFi platforms have revolutionized traditional finance by providing decentralized lending, borrowing, and staking opportunities.

Regulatory Clarity: Countries worldwide are establishing clear frameworks for crypto businesses, encouraging a secure and sustainable trading environment.

With millions of users engaging in daily transactions, crypto exchanges are becoming indispensable. Investing in a robust WazirX clone script allows entrepreneurs to tap into this surging market with minimal friction.

What is a WazirX Clone Script?

A WazirX clone script is a pre-built software solution designed to replicate the features and functionalities of the WazirX exchange. This script serves as a foundation for launching a fully operational crypto trading platform.

Key aspects of a WazirX clone script include:

User-Friendly Interface: Ensures seamless navigation for traders of all experience levels.

Advanced Trading Features: Supports spot trading, futures trading, and peer-to-peer (P2P) transactions.

Robust Security Measures: Implements encryption, multi-layer authentication, and anti-fraud protocols.

Liquidity Integration: Facilitates efficient order matching and trading volume maintenance.

By leveraging this script, businesses can launch their exchange in record time while ensuring a secure, scalable, and revenue-generating ecosystem.

Advantages of Investing in a WazirX Clone Script

Entrepreneurs seeking high-yield investments in the crypto space will find a WazirX clone script particularly rewarding. Here’s why:

Cost-Effective Development: Creating an exchange from the ground up requires a hefty budget for development, security, and infrastructure. A clone script eliminates these expenses by providing a ready-to-deploy solution.

Faster Market Entry: The pre-built framework allows for rapid launch, ensuring you can capitalize on market trends without unnecessary delays.

Scalability & Customization: Unlike rigid premade platforms, a WazirX clone script offers extensive customization options to suit business needs.

Lucrative Revenue Streams: Exchange owners can generate income through trading fees, withdrawal charges, premium memberships, and staking programs.

Security and Compliance Benefits

Security remains a top concern for crypto investors and traders. A WazirX clone script incorporates state-of-the-art security features to ensure a trustworthy and legally compliant exchange:

Know Your Customer (KYC) and Anti-Money Laundering (AML): Prevents illicit activities by verifying user identities.

Two-Factor Authentication (2FA): Adds an extra layer of security to protect user accounts from unauthorized access.

Cold Wallet Integration: Safeguards digital assets by storing them offline, mitigating hacking risks.

Regulatory Compliance: Ensures the platform aligns with international legal standards, avoiding legal pitfalls.

With cyber threats on the rise, deploying a highly secure and compliant exchange is crucial for gaining user trust and ensuring long-term sustainability.

How to Launch a Successful Crypto Exchange with a WazirX Clone Script

Successfully launching a cryptocurrency exchange requires strategic planning and execution. Here’s a roadmap to get started:

Select a Reliable Development Partner: Choose a reputable provider with experience in building secure and feature-rich exchange scripts.

Customize the Platform: Tailor the UI, add unique features, and integrate additional functionalities to differentiate from competitors.

Ensure Robust Security: Implement high-level encryption, multi-signature wallets, and compliance measures.

Liquidity Management: Partner with liquidity providers or implement a market-making strategy to ensure smooth trade execution.

Develop a Marketing Strategy: Utilize SEO, social media, and influencer marketing to attract traders and build a strong user base.

Launch and Optimize: Deploy the exchange and continuously enhance its features based on user feedback and market trends.

Conclusion

In 2025, the cryptocurrency market is expected to reach new heights, making it the perfect time to invest in a WazirX clone script. Its cost-effectiveness, quick deployment, security measures, and scalability make it a lucrative business venture. Entrepreneurs who seize this opportunity will position themselves at the forefront of the digital asset revolution. By launching a feature-rich, secure, and compliant crypto exchange, investors can tap into a thriving market and secure long-term financial success. The future belongs to those who innovate—capitalize on this opportunity today.

[priyatechie]

Start your own p2p lending based fundraising website- An alternative source of financing with Lending and Borrowing script- Crowdfunding Lend.

With the emergence of peer-to-peer lending fundraising business financing has been experiencing major changes across the globe. Agriya now embeds this lucrative business model into its Crowdfunding platform. This lending and borrowing script makes a perfect online platform for connecting lenders and borrowers.

For more, visit www.agriya.com/products/p2p-lending-and-borrowing-script

[nelsonseo567]

Get The Best Peer to Peer Lending Software - AIS Technolabs

AIS Technolabs experts are adept at creating the best Peer to Peer money lending software and platform script to customize the money lending process. We provide p2p lending scripts to offer the best experience to both lenders and borrowers. Get free quotes now!

[cryptosite]

Reach the Crypto Geeks With an Avant Grade Lending Protocol Like Compound Clone Script

Finance System has been correlated with our lives for a long time. This System may vary from time to time. But, The key moto of this system is to lend the money to the borrowers and get a charge at a regular interval which on a whole sums up as a giant capital indeed.

The Decentralized Finance (Defi) System breaks all these barriers to produce a decentralized platform for the users.

Decentralized Finance is built upon the famous Blockchain Technology which is known for its security protocols and advanced technological features. Defi Predominentely eliminates the intermediate third-party such as banks, corporates, and other organizations to give the user a P2P Experience. The compound is one such platform that stands as a pioneer in this financial system. So, Attaining a Compound Clone Script to kickstart your business won't go to waste.

The predominant things to look at before attaining Compound Clone Script:

Supply: The adequate amount of suppling the Defi tokens to the borrowers will make the user much more satisfied.

Borrow: Acquiring the desired and eligible loan amount in a short interval of time with a highly secured transaction will surely lessen the burden and stress of the user.

Withdraw: Withdrawing the Defi Tokens as per the user's comfortability and interest.

Repay Payback in an easier manner with a calculated precise interest amount.

Summing up:

The Compound Clone Script is a great Defi platform to accelerate your business to a whole new level with a great source of income. So, what's taking you so long to chase and go for it to fulfill your vision?

[boopathi021]

What can we do with DeFi?

Think of everything you can do today from a financial point of view, and you already have what you can do with decentralized finance.

Only the way to do it will be different.

Among other things we can do the following:

Send and send money anywhere in the world Within the DeFi blockchain, currently dominated by Ethereum, it is possible to make all kinds of transactions with any other address in the system, that is, we can make and receive payments with any participant in the world under the same conditions regardless of where they are.

checkout us : Uniswap clone software

This feature clearly teaches us that DeFi is made to unify the world, something that could only truly be achieved digitally.

The only thing necessary to be able to make these transactions is a wallet or purse.

Borrow money Here we have one of the classic and most important functions of the traditional financial world. A function that has been lacking for a lifetime and for which banks have been mostly used, but also loans between friends or family.

With DeFi it is no longer necessary to go to a bank but we can go anonymously to borrow in decentralized markets, which we can do “directly” with the “peer to peer” (P2P) or through the pools of liquidity that We can find it on various platforms.

In this way, we can go to one of these markets and get a loan.

But who is going to lend us without knowing us and without collateral?

Here comes the difficult part, because the truth is the first thing that comes to mind.This is solved with the need to present collateral, that is, a kind of guarantee. In such a way that if we do not make the payment, the lender will liquidate it and will take possession of the tokens, which can be from cryptos to some NFT.

This is so at the moment, but I think that in order to function fully well there should be some way of knowing the credit quality of potential borrowers. That of lending without knowing who you have on the other side complicates the process quite a bit and hence the need for a guarantee.

Not to mention the possible scam attempts, something that those who are developing the matter want to eliminate with the creation of a unique digital identity, Uniswap clone script

Among the advantages of borrowing in DeFi markets we have:

*Access to global liquidity *Privacy in the transaction (which comes with its “but” as I just commented) *Instant Loans (Flash Loans), used in crypto trading and exchange operations

Borrow money Wow, decentralized finance also gives us the opportunity to be loan sharks and make money by lending what we have saved.The usurer thing is a joke. Here no one is being forced to take a loan that they do not want. If something characterizes this market, it is its transparency.

With DeFi, instead of putting our money in banks and looking for a deposit or product with interest, we do it by lending money directly, since there are many projects looking for short, medium or long-term financing.Due to the dynamism and volatility of the DeFi market, interesting return rates can be achieved, for the moment, of course.

Token and crypto exchange One of the activities that is most sought after when going to DeFi is the exchange of assets, which in the more traditional cryptocurrency markets we can do in centralized exchanges.

In decentralized finance we can do it through DeX, that is, decentralized exchanges .

Use Stablecoins Who wants to hold Etherem as collateral for a loan or as an asset that a contract depends on? With volatility that is impossible or at least not recommended. For this, decentralized finances have created the concept of Stablecoins , a discovery that has solved this problem of volatility.These “stable currencies” are stable because their value is linked to that of the main Fiat currencies such as the dollar or the euro.

In this way they serve as a savings unit and we can save money with them or carry out any type of operation with the guarantee that the volatility will be within controllable ranges.

Derivatives trading The DeFi market has no limits, nor is there regulation that can reach it, at the moment, so we can do the most advanced type of trading that we can imagine.This is why many derivatives and margin trading sites have been created, among other trading functions.

Crowdfunding Possibilities If you have an interesting idea that can solve some problem in digital environments, you could try to get financing in the DeFi system itself.There are already many projects that are coming out thanks to the funds that are obtained in this environment.

As it is a transparent system, all users can check how the money is being collected and also where it is being spent.

Insurance business At the moment it is a market that is not extremely developed. It can be said that it is starting, but the capacity is there.There is no limit to the execution of insurance contracts between insurers or actuaries and users.

Even if you have a good knowledge of actuarial science and probabilities related to insurance, you could offer your services as an insurer to other users.

Market Prediction DeFi has the perfect environment to create all kinds of betting markets and the like on the possible outcomes of any kind of event.In other words, I’ll tell you in other words: DeFi can end up creating their own decentralized betting markets without the dealer, such as Betfair, charging their commission,

Aggregators Imagine that you have a fairly large activity in the DeFi space, with various contracted products.It can be an inconvenience having to go to each of the platforms to see how things are going.

Well, this is solved by the powerful architecture of DeFi, and aggregators have already been created to unify all the products in the same place, in such a way that we have a kind of unified portfolio.

Index investment We can not only invest in index funds or ETFs, as in the Stock Market. DeFi also brings us its own sophisticated index funds that allow us to invest in the best of the decentralized finance market without having to worry.

This would be something like investing in the Dow 20 or 30 of DeFi, in such a way that the fund, of which there are already several, includes the most successful tokens and projects and removes the worst, thus behaving like a good investment fund. 12 Risk-Free Lotteries and Prizes Yes, what you read. DeFi has also given the possibility of creating lottery games and the like in which no money is lost.

But how is that possible?

Well, by making the players’ money, which is placed in a common fund, generate interest. In this way at the end of the game, we will have the initial funds plus the interest gain. What the game does is distribute the money among all the players and some will take more money than they put in.

visit us decentralized exchange script

[saimani3195]

Peer to Peer fundraising software or P2p lending and borrowing script is used for receiving and sending donation, receiving and sending money order and it can be used as gift plan software as well. For further updates don’t hesitate to call :  + 91 9790033533 Mail : vsjayan@gmail.com

[datingscripts]

Lending Crowdfunding Script by NCrypted Websites is a devious script that lets you start your own lending based fundraising websites similar to LendingClub, Kiva, Zopa, Funding Circle, Upstart, Prosper Marketplace, etc.Lending Crowdfunding PHP Script lets you start your own P2P lending platform for investors to get connected with trustworthy borrowers who wants to get funded for assorted campaigns. It’s the Best Lending Crowdfunding Script in the market, designed after having done the significant research on the technological innovation and respective niches. It is a crafty Lending Crowdfunding Software that pledges to increase a huge momentum in an extensive market because of the unique lending experience.

[cryptosoftmalaysia]

Cryptocurrency Bitcoin Lending Script-Crypto Soft Malaysia

What is a Bitcoin lending Business?

Bitcoin lending business is very similar to the legacy money lending business. Investors who want to double their Crypto invest their reserve of cryptocurrency/ Bitcoins on your platform. Borrowers who want immediate money borrow from your platform and accept to pay an interest.

Using this incredible BitInvest script, you are a marketplace. Where investors invest and get their own dashboard to watch their investment grow. On the other side, Borrowers borrow Bitcoins and other Cryptocurrency for a fixed interest. They get their own dashboard as well.

How do you make money with this bitcoin investment script?

Step 1: Investors who want to double their Bitcoin holdings will handover their Crypto’s to you via. your platform ( Using the investor Dashboard )

Step 2: On the other hand, there are many Users who want immediate money for a variety of purpose ( Business expansion, Personal expense etc. ). They are ready to pay an interest for the money they loan. These users will come to your platform and request for a loan.

Step 3: You can lend the Crypto’s from your reserve to these borrowers for a profitable interest rate ( that you can set ).

Step 4: From the regular interest your users pay: You can pay your investors an ROI and keep the remaining.

Ready-made P2P Bitcoin Lending Script:

Ready-made Bitcoin Lending Script to Start a Bitcoin investment platform instantly. Investors invest in Cryptocurrency. You lend those cryptos to users for a daily/monthly interest. The profits are divided among your investors and you.

· Stunning Dashboard for users to borrow bitcoins and other cryptocurrencies.

· Secure Dashboard for investors to lend their cryptocurrency.

· Powerful Admin Panel for you to Manage all these processes

Are you looking for the best bitcoin lending software development company?

Crypto Soft Malaysia is the leading bitcoin lending script software Development Company in Malaysia . We have developed a cryptocurrency based lending system with trending features. Our crypto lending scripts support lending/Investment so investors can get the return on right time as admin set on their system process. Our bitcoin lending script is more responsive and dynamic.

 Thanks for reading our Content. To know more about our Services, kindly Visit our Website:

 Crypto Soft Malaysia,

Unit-3, Level 22, The Gardens South Tower, Mid Valley City,

Kuala Lumpur -59200

https://www.cryptosoftmalaysia.com/

cryptosoftmalaysia@gmail.com

+(60)-0392121566

[ico-development-company-stuff]

Cryptocurrency Bitcoin Lending Script-ICO App Factory

What is a Bitcoin lending Business?

Bitcoin lending business is very similar to the legacy money lending business. Investors who want to double their Crypto invest their reserve of cryptocurrency/ Bitcoins on your platform. Borrowers who want immediate money borrow from your platform and accept to pay an interest.

Using this incredible BitInvest script, you are a marketplace. Where investors invest and get their own dashboard to watch their investment grow. On the other side, Borrowers borrow Bitcoins and other Cryptocurrency for a fixed interest. They get their own dashboard as well.

How do you make money with this bitcoin investment script?

Step 1: Investors who want to double their Bitcoin holdings will handover their Crypto’s to you via. your platform ( Using the investor Dashboard )

Step 2: On the other hand, there are many Users who want immediate money for a variety of purpose ( Business expansion, Personal expense etc. ). They are ready to pay an interest for the money they loan. These users will come to your platform and request for a loan.

Step 3: You can lend the Crypto’s from your reserve to these borrowers for a profitable interest rate ( that you can set ).

Step 4: From the regular interest your users pay: You can pay your investors an ROI and keep the remaining.

Ready-made P2P Bitcoin Lending Script:

Ready-made Bitcoin Lending Script to Start a Bitcoin investment platform instantly. Investors invest in Cryptocurrency. You lend those cryptos to users for a daily/monthly interest. The profits are divided among your investors and you.

Stunning Dashboard for users to borrow bitcoins and other cryptocurrencies.

Secure Dashboard for investors to lend their cryptocurrency.

Powerful Admin Panel for you to Manage all these processes

Are you looking for the best bitcoin lending software development company?

ICO App Factory is the leading bitcoin lending script software development company in India and Malaysia . We have developed a cryptocurrency based lending system with trending features. Our crypto lending scripts support lending/Investment so investors can get the return on right time as admin set on their system process. Our bitcoin lending script is more responsive and dynamic.

Thanks for watching our content, to know more about our services. Kindly Visit our Website: ICO App Factory 101, Kumaran Colony 3rd street, Vadapalani, Chennai-600026 https://www.icoappfactory.com/ icoappfactory@gmail.com +91-7397224461

[mlmtamilnadu]

To know more about our services please visit:

https://www.mlmsoftwaretamilnadu.in/

Phone : 9840566115

What is a Bitcoin lending Business?

Bitcoin lending business is very similar to the legacy money lending business. Investors who want to double their Crypto invest their reserve of cryptocurrency/ Bitcoins on your platform. Borrowers who want immediate money borrow from your platform and accept to pay an interest.

Using this incredible BitInvest script, you are a marketplace. Where investors invest and get their own dashboard to watch their investment grow. On the other side, Borrowers borrow Bitcoins and other Cryptocurrency for a fixed interest. They get their own dashboard as well.

How do you make money with this bitcoin investment script?

Simple.

Step 1: Investors who want to double their Bitcoin holdings will handover their Crypto’s to you via. your platform ( Using the investor Dashboard )

Step 2: On the other hand, there are many Users who want immediate money for a variety of purpose ( Business expansion, Personal expense etc. ). They are ready to pay an interest for the money they loan. These users will come to your platform and request for a loan.

Step 3: You can lend the Crypto’s from your reserve to these borrowers for a profitable interest rate ( that you can set ).

Step 4: From the regular interest your users pay: You can pay your investors an ROI and keep the remaining.

Ready-made P2P Bitcoin Lending Script:

Ready-made Bitcoin Lending Script to Start a Bitcoin investment platform instantly. Investors invest in Cryptocurrency. You lend those cryptos to users for a daily/monthly interest. The profits are divided among your investors and you.

Stunning Dashboard for users to borrow bitcoins and other cryptocurrencies.

Secure Dashboard for investors to lend their cryptocurrency.

Powerful Admin Panel for you to Manage all these processes

Are you looking for the best bitcoin lending software development company?

Mlm software tamilnadu is the leading bitcoin lending script software development company in India and Malaysia . We have developed a cryptocurrency based lending system with trending features. Our crypto lending scripts support lending/Investment so investors can get the return on right time as admin set on their system process. Our bitcoin lending script is more responsive and dynamic.

Thanks for reading our content.To know more about our

Services, kindly Visit our Website:

MLM Software Tamilnadu

https://www.mlmsoftwaretamilnadu.in

26, 49th Avenue, Ashok Nagar,

Chennai – 600083,

Phone - +91 9840566115.

[cryptosoftindia]

Cryptocurrency Bitcoin Lending Script-Crypto Soft India

To know more about our services please visit:

https://www.cryptosoftindia.com/

Phone : 6385108373.

What is a Bitcoin lending Business?

Bitcoin lending business is very similar to the legacy money lending business. Investors who want to double their Crypto invest their reserve of cryptocurrency/ Bitcoins on your platform. Borrowers who want immediate money borrow from your platform and accept to pay an interest.

Using this incredible BitInvest script, you are a marketplace. Where investors invest and get their own dashboard to watch their investment grow. On the other side, Borrowers borrow Bitcoins and other Cryptocurrency for a fixed interest. They get their own dashboard as well.

How do you make money with this bitcoin investment script?

Simple.

Step 1: Investors who want to double their Bitcoin holdings will handover their Crypto’s to you via. your platform ( Using the investor Dashboard )

Step 2: On the other hand, there are many Users who want immediate money for a variety of purpose ( Business expansion, Personal expense etc. ). They are ready to pay an interest for the money they loan. These users will come to your platform and request for a loan.

Step 3: You can lend the Crypto’s from your reserve to these borrowers for a profitable interest rate ( that you can set ).

Step 4: From the regular interest your users pay: You can pay your investors an ROI and keep the remaining.

Ready-made P2P Bitcoin Lending Script:

Ready-made Bitcoin Lending Script to Start a Bitcoin investment platform instantly. Investors invest in Cryptocurrency. You lend those cryptos to users for a daily/monthly interest. The profits are divided among your investors and you.

Stunning Dashboard for users to borrow bitcoins and other cryptocurrencies.

Secure Dashboard for investors to lend their cryptocurrency.

Powerful Admin Panel for you to Manage all these processes

Are you looking for the best bitcoin lending software development company?

Crypto Soft India is the leading bitcoin lending script software development company in India and Malaysia . We have developed a cryptocurrency based lending system with trending features. Our crypto lending scripts support lending/Investment so investors can get the return on right time as admin set on their system process. Our bitcoin lending script is more responsive and dynamic.

Thanks for reading our content.To know more about our

Services, kindly Visit our Website:

Cryptosoftindia

https://www.cryptosoftindia.com/

1, 124, DLF IT Park Rd,

Ramapuram, Chennai,

Tamil Nadu 600116

phone : +91 63851 08373.

[cryptoappfactory]

Cryptocurrency Bitcoin Lending Script-Crypto App Factory

To know more about our services please visit:

https://www.cryptoappfactory.com/

Phone : + 91 7397224461.

What is a Bitcoin lending Business?

Bitcoin lending business is very similar to the legacy money lending business. Investors who want to double their Crypto invest their reserve of cryptocurrency/ Bitcoins on your platform. Borrowers who want immediate money borrow from your platform and accept to pay an interest.

Using this incredible BitInvest script, you are a marketplace. Where investors invest and get their own dashboard to watch their investment grow. On the other side, Borrowers borrow Bitcoins and other Cryptocurrency for a fixed interest. They get their own dashboard as well.

How do you make money with this bitcoin investment script?

Simple.

Step 1: Investors who want to double their Bitcoin holdings will handover their Crypto’s to you via. your platform ( Using the investor Dashboard )

Step 2: On the other hand, there are many Users who want immediate money for a variety of purpose ( Business expansion, Personal expense etc. ). They are ready to pay an interest for the money they loan. These users will come to your platform and request for a loan.

Step 3: You can lend the Crypto’s from your reserve to these borrowers for a profitable interest rate ( that you can set ).

Step 4: From the regular interest your users pay: You can pay your investors an ROI and keep the remaining.

Ready-made P2P Bitcoin Lending Script:

Ready-made Bitcoin Lending Script to Start a Bitcoin investment platform instantly. Investors invest in Cryptocurrency. You lend those cryptos to users for a daily/monthly interest. The profits are divided among your investors and you.

Stunning Dashboard for users to borrow bitcoins and other cryptocurrencies.

Secure Dashboard for investors to lend their cryptocurrency.

Powerful Admin Panel for you to Manage all these processes

Are you looking for the best bitcoin lending software development company?

Crypto app factory is the leading bitcoin lending script software development company in India and Malaysia . We have developed a cryptocurrency based lending system with trending features. Our crypto lending scripts support lending/Investment so investors can get the return on right time as admin set on their system process. Our bitcoin lending script is more responsive and dynamic.

Thanks for reading our content.To know more about our

Services, kindly Visit our Website: Crypto App Factory ,

https://www.cryptoappfactory.com/

101, Kumaran Colony, Vadapalani, Chennai,

Phone - +91 7397224461.

[nelsonseo567]

Benefits of Money Lending Apps for Borrowers

AIS Technolabs experts are adept at creating the best Peer to Peer money lending software and platform script to customize the money lending process. We provide p2p lending scripts to offer the best experience to both lenders and borrowers. Get free quotes now!

Visit more info : https://www.aistechnolabs.com/online-peer-to-peer-money-lending-software-script/

[bentonpena]

Five Years In, DeFi Now Defines Ethereum

Five Years In, DeFi Now Defines Ethereum https://bit.ly/33jl0u2

DeFi Dad is a DeFi super user sharing his money experiments and tutorials on Twitter and YouTube. He is an organizing member of the Ethereal Summit and Sessions, host of The Ethereal Podcast and a weekly contributor to The Defiant and Bankless.

Ethereum has always been difficult to explain. Even the founders of Ethereum have sometimes struggled to communicate the project’s transformative potential in layperson’s terms. Metaphors such as “world computer” and “gas” tried to translate Ethereum to the world, but looking back it’s clear how little we understood about the platform’s true capabilities. 

By 2017, big promises were being made that Ethereum would “bank the unbanked.” But that promise seemed to go largely unfulfilled in the wake of the initial coin offering (ICO) craze. Nevertheless, the oft-repeated slogan represented the first attempt to describe Ethereum’s potential to transform personal finance. 

While the ICO mania showed Ethereum’s potential as a distributive technology that could emulate, improve upon and democratize the initial stock offering, what was missing then was a simple personal financial use case that could be demonstrated to a friend, such as a mobile app. In those early days, there were many white papers, promises and signs of progress by a few teams (some of which have led to the top DeFi projects such as ChainLink, Kyber, and Set), but most of the benefits had yet to be delivered.

Meanwhile, there were lots of inspiring speakers from the Ethereum community who drew us into believing Ethereum would change the world. It just required a patient newcomer willing to wade through new ideas, intricate foreign concepts and a firehose of new information daily. Nothing was a simple elevator pitch.

When I saw Joe Lubin speak at Ethereal SF 2017, there was an inspiring message to take home. A lot of detail flew over my head at the time, but if you listened carefully it was impossible to not buy the idea that Ethereum could change the world for the better.

It’s worth noting that in 2017, ConsenSys and other early adopters and builders were also educating institutional players and enterprise software companies on how they could benefit from many blockchain use cases on Ethereum. Partnerships with Microsoft, IBM and Hyperledger helped cement Ethereum’s credibility in the enterprise blockchain race.

Fast forward to July 2018, when I started full-time work in Ethereum. We were all recovering from the hangover of 2017, thinking the bull run might return sooner before watching markets unravel and get even bloodier. We were emerging from an era without a coherent elevator pitch to be easily understood, including language that sounded like it had come from a “Big Bang Theory” script.

I recognized that Ethereum had to find any small group of fanatical users. For better or worse, I began drawing on my experience in SaaS, which taught me that startups need loyal users who find so much utility in an application that, if it were taken away, they wouldn’t have an alternative.

DeFi days

By spring 2019, I am working full time on the Ethereal Summit, a series of events celebrating the founders and builders of the decentralized web on Ethereum. It was around then that Ethereum’s narrative began to change. I heard about Compound, where you can lend and borrow – similar to MakerDAO, but with better loan-to-value (LTV) ratios. 

I was astonished – $50 MILLION in an app built on Ethereum! It was exhilarating to learn a second finance application had been built, launched and had been running on Ethereum for more than six months. 

All this activity came to be known as decentralized finance, or DeFi. The term was coined in 2018 by members of the 0x team, but the industry was just getting going. I couldn’t stop thinking about it.

I began researching every project we were hosting at Ethereal – PoolTogether, Kyber Argent and Zerion. And I did something even more radical: I began testing and using the damn products! 

I needed to see my investment make money to realize the power of these DeFi applications. I started lending dai on Compound for over 10% APY and it just clicked. I’m lending dai and others borrow that money, but there’s no bank to collect the middleman fees. So, in turn, I earn better lending interest and borrowers pay smaller fees, and without know your customer (KYC) or anyone’s permission.

What stood in the way of DeFi mass adoption was better storytelling and more visual demonstration of how DeFi can work for anyone

It had long been a talking point in crypto the user experience (UX) had to improve for Ethereum to see adoption, but I found those same people espousing such criticisms often had zero experience with DeFi applications. It seemed like a lie that had stuck around long enough to become a truth, even though I was finding some DeFi UX better than my experience with legacy banking. 

For me, what stood in the way of DeFi mass adoption was better storytelling and more visual demonstration of how DeFi can work for anyone. EthHub.io and Cami Russo’s The Defiant were already doing lots of legwork in this space but there was clearly more to build upon.

In late 2019, the DeFi community was still small compared to today, only a few thousand or possibly even a few hundred users, but it felt like we were on a bustling rocket ship of excitement. We rallied around this term DeFi, the simplest term to describe any peer-to-peer finance app built on Ethereum, requiring a Web 3 wallet like MetaMask, that doesn’t need KYC and has no single point of failure. If ETH is money, DeFi is your bank. 

What started as a concept is now an economy of interlinked applications with more than $4 billion in value invested. But it’s more than just money. DeFi has changed the way people think about Ethereum itself and given rise to new narratives and memes.

A meme is born

Shortly after this spark was really gaining momentum in the fall 2019, DeFi users naturally found a second totem to rally around. That was the concept of Total Value Locked (TLV), coined by the team at DeFi Pulse. 

TVL refers to the sum of all value deposited into a DeFi app’s smart contracts, whether that’s measured in U.S. dollars (USD) or in ETH. TVL reflected a new, un-gameable metric for adoption. It was a way to compare how much trust DeFi users put into an application. It has its flaws, but those flaws are no worse than reducing Bitcoin to its price. 

DeFi also helped solidify the “ETH is money” meme. As co-host of the Bankless Podcast David Hoffman said, ETH is a triple-point asset, because it acts as a store-of-value, a capital asset, and a consumable asset. “ETH is Money” is an intentional pivot from “ETH is gas,” and updates the world on how ETH is actually used on Ethereum.  

Plain and simple: ETH is money. It always has been money and to label it otherwise was a product marketing mistake in the early days of Ethereum.

Yield farming is the latest viral meme in Ethereum. DeFi is a larger all-encompassing category of p2p, self-custody, KYC-less, finance apps built on Ethereum, but yield farming describes a popular incentives program where you often provide liquidity to a DeFi application in exchange for a combination of rewards. 

As Dan Elitzer of IDEO CoLab Ventures put it, yield farming is like aquaponics because it creates a symbiotic relationship between DeFi protocols, meaning DeFi participants can earn three or more forms of yield such as interest, market-making fees and pooled rewards such as a governance token like BAL or COMP. Because of the most composable incentive designs in DeFi, yield farming (aka “liquidity mining”) is like passive income on steroids, with programs delivering anywhere from 10-200% daily APY on average. 

Universal appeal

Five years ago, you could argue Ethereum was attempting to do too much. Even two to three years ago, that was still a valid hypothesis, with stagnant adoption.

Today, the bold experiment of Ethereum is working. Alongside the $4 billion in assets deposited into DeFi, we’ve seen a 227% year-on-year increase in ETH locked in DeFi, and a 20X increase in tokenized BTC on Ethereum (equivalent to ~$220 million) since January 1. 

What was a drawback – doing “too much” – is now a strength and a reason why Ethereum’s daily transaction volume and daily network fees have eclipsed Bitcoin’s. Although Ethereum is less than half Bitcoin’s age, it has accomplished more in the last five years, building the most advanced permissionless p2p finance system in the world while Bitcoin has continued to champion the narrower digital gold meme.

It’s getting easier every day to point to DeFi apps that clearly demonstrate value and utility you cannot find elsewhere. If you’ve managed to ignore these developments, now is as good a time as ever to catch yourself up. The story of DeFi and Ethereum is just getting started.

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Trading via CoinDesk https://bit.ly/35KxIA1 August 1, 2020 at 09:06AM

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Faircent.com to facilitate loans in COVID-19 low impact Green Zones

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Faircent.com to facilitate loans in COVID-19 low impact Green Zones

NBFC-P2P lender, Faircent.com, has announced the launch of a new loan offering to help small businesses and individuals’ access credit in districts across India which have suffered low to nil impact of COVID-19 outbreak.

The loan targets retailers, small business owners and salaried professionals facing short-term financial constraints caused by the lockdown in areas identified as the green zones – where there have been not more than 10 COVID-19 positive cases. These borrowers will be easily visible to the lenders on their dashboard through a green color-coded tagging #COVID-19 Low Impact Zone.

Rajat Gandhi, Founder and CEO, Faircent.com said in a statement, “Our team is continuously innovating to launch new products and features to make it easier for borrowers to access credit in these tough times. The fight against the Coronavirus pandemic has to be fought collectively and as India’s largest P2P lending platform we are committed to help every Indian meet their cash-flow requirements even during the lockdown”

Last week, the company announced the launch of a new product – Anti-Lockdown loans, which offer loans to credit-worthy borrowers with a three-month EMI free period followed by easy repayment options at affordable rates. Borrowers can choose to repay either as a lumpsum at the end of three months or through easy EMI options.

Vinay Mathews, Founder and COO, Faircent.com said in a statement, “There are many districts and zones in India that are unaffected by COVID-19 or have witnessed very few cases. These clusters are expected to return to normalcy much faster. Keeping this in mind, we have adopted a targeted approached towards onboarding borrowers residing in these zones on a priority basis. Considering our lenders are keen on funding these loan requirements, we will also ensure quick disbursal of funds.”

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Why India Has the Potential to Lead the P2P Finance Revolution

India’s cryptocurrency ecosystem has been in limbo since the country’s central bank barred banks from dealing with cryptocurrency exchanges in 2018. As of March 4, the Supreme Court of India has done away with those restrictions on crypto, allowing the second-most populous country — and the most populous democracy — a path to digital-currency freedom. The lifting of the ban by the Supreme Court will open new opportunities for India in terms of investments, the economy and the market as a whole.

After the Reserve Bank of India restricted financial institutions from dealing with cryptocurrency, trade volumes fell significantly overnight. Some, such as BitTorrent creator Bram Cohen, believe this action created a lot of fear, uncertainty and doubt. Because the average person did not have sufficient knowledge to start trading with alternative platforms other than peer-to-peer exchanges, the Indian population wound up becoming a leader in P2P trading.

Related: India Back in the Race: Landmark Judgment to Fuel Crypto Adoption

According to recent data from Paxful, the people of India’s sentiment around digital currency prior to the lifting of the ban was quite contrary to that of their government. Trade volume on the peer-to-peer marketplace in January was over $3 million, while the number of transactions came in at over 23,500, representing an 11% month-over-month increase. The Indian people also highly favor bank transfers as a payment method, with over 76% of trades having occurred that way. A sizable amount of trades also took place with other methods based on the Unified Payments Interface system.

Related: Supreme Court Post-Game: It’s a ‘Historic Day’ for Crypto in India

The high use of digital currency, despite the lack of support from the government and national banking, shows that the people of India appreciate the benefits of cryptocurrency and desire additional resources that will bring them financial freedom. Now that the ban has been lifted, we can assume that, with the right support from the government and proper safeguards in place for the country’s 1.3 billion people, India holds the potential to become a crypto superpower.

So, where does the potential to lead the peer-to-peer revolution come from, and why India?

India has a population of over 1 billion people and already leads in traditional peer-to-peer lending that connects investors or lenders looking for high returns to creditworthy borrowers looking for short-term personal loans. The Indian population is quite familiar with operations that involve relying on your peers to drive financial inclusion and financial freedom. The inclusion provided by cryptocurrency will allow them to take that to the next level. Not to mention, the adoption of blockchain across India’s service sectors, such as banking, financial services, retail, supply chain and insurance industries, has the potential to add an extra $5 billion to the Indian economy.

Related: A Call for Sensible Regulation: The Fate of Future Innovation in India

With an evolving information technology sector and a service sector that is a key growth driver, India has no shortage of labor to enhance the technological advancements that go hand in hand with cryptocurrency and blockchain. There is no shortage of citizens that would be interested in participating in that future.

With cryptocurrency, India has the opportunity to secure foreign investment, create thousands of high-paying jobs and work toward a stronger, safer, digitized India.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ray Youssef is the CEO and co-founder of Paxful Inc., one of the world’s leading peer-to-peer Bitcoin marketplaces. Paxful gives people a simple, fair and secure avenue for trading Bitcoin, with over 300 payment methods accepted on the platform. Aside from making cryptocurrencies accessible, Ray also launched the BuiltWithBitcoin charitable initiative that aims to show the humanitarian capabilities of Bitcoin.

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