Lendingblock has a number of features that differentiates us from other centralized and decentralized lending & borrowing platforms.
One of the benefits is in the form of fixed term loans that can last 1 month, 3 months and 6 months. For earners and borrowers, it gives a guarantee that the interest rate is locked at the start of each earn/borrow and does not change throughout - this provides certainty on future cash flow and expenditure, making it easier to manage your digital assets.
We understand that fixed term earns/borrows might not be for everyone and we intend to introduce a flexible term lending & borrowing product in the near future.
Another differentiating feature of Lendingblock is the role of the LND token on the platform. Holding a required amount of LND tokens in your account balance will grant you higher interest rates on earns and lower interest rates on borrow loans. In the future, other benefits of holding LND on the platform will include lower/no withdrawal fees, priority support, voting rights and much more.
Finally, we introduced a unique LND Rewards Program that pays out LND tokens on a monthly basis to the top earners/borrowers and LND token holders on the platform. This incentive scheme lets you earn LND tokens while using Lendingblock! You can learn more about the LND Rewards Program here.