Lendingblock allows individuals to leverage their existing cryptocurrency holdings in two ways - earning and borrowing.
It’s your turn to earn!
For Earn, we offer competitive interest rates on fixed term Earns across a range of supported cryptocurrencies. By using fixed terms (1, 3 or 6 months) we protect our Earn users from decreasing interest rates during the term, as the interest rate is fixed and guaranteed for the duration of each Earn. Interest is accrued on a daily basis and paid out on the 1st of each month.
You're spending, we’re lending!
For Borrow, we offer Tether (USDT) [ERC-20] loans at fixed terms, using your idle cryptocurrency holdings as collateral. By using fixed terms (1, 3 or 6 months) we protect our Borrow users from increasing interest rates during the loan term, as the interest rate is fixed and guaranteed for the duration of the loan. All interest is payable at the end of the Borrow term, meaning that our borrowers don’t need to be worried about paying monthly interest payments during the loan term. Don’t sell your crypto to buy things, borrow against it instead and continue to hodl!
Users can access enhanced rates by holding LND tokens on the platform.