What is EraLend? EraLend is the first Lending & Borrowing platform built on the ZkSync ecosystem. EraLend is being greatly supported by the community on the ZkSync platform.
So where does this platform attract such a community? Let’s find out together with Weakhand in this article!
What is EraLend?
Overview Introduction
What is EraLend? EraLend is the first Lending & Borrowing platform built on the ZkSync ecosystem with extremely fast transaction speeds and low costs while inheriting the security and decentralization of Ethereum.
Some features that Nexon Finance brings to users are:
- Transaction speed is almost instant.
- Extremely cheap transaction costs.
- Inheriting security and decentralization from Ethereum, EraLend is an open source platform that brings transparency.
- Pay transaction fees with any tokens you have.
Some EraLend products
EraLend is expected to launch 3 product lines as follows:
- Lending Pool: These are lending pools similar to the way AAVE, Conmpound,… projects are being implemented. The product is expected to launch in the first quarter of 2023.
- Lending P2P: A form of lending with fixed parameters such as collateral, interest rates, etc., overcoming the disadvantages of the Lending Pool model. The product is expected to be launched in the second quarter of 2023/.
- Institutual Secured: A product to help protect large investors is expected to be launched in the first quarter of 2024.
Core Team
EraLend’s development team includes: RohitAmit et Samarth are all relatively prominent individuals in the TradFi field and have only recently started participating in the crypto market.
Investor
Update…
Tokenomics
Update…
EraLend’s Information Channel
- Website: https://app.eralend.com/
- Twitter: https://twitter.com/Era_Lend
- Discord:
Summary
Nexon Finance continues to be a notable new project on the ZkSync ecosystem. However, the project still does not have much difference compared to other Lending platforms on the market today.
