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What is Peer-to-Peer Lending?

The P2P future of lending and borrowing

  • Lend your crypto assets to another person, and earn interest on your holdings.
  • Borrow funds from another user, using your digital assets as collateral; get money without having to sell your holdings.
  • Loans, collateral, and payments: all facilitated and secured on the Ethereum network

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When using crypto assets, taking out a loan (or lending your money) has suddenly become a lot easier. On DeFiner's peer-to-peer lending marketplace, simply match up with a willing individual. Here you'll find a pool of offers to consider. If one doesn't work for you, propose your own. If one does, accept the offer or make a counter-offer. When the two of you agree on terms, the borrower will put his/her digital assets up as collateral. Then the lender will disperse the loan. All of this happens through smart contracts run on the Ethereum network.

Both the lender and borrower submit their assets (loan and collateral) to the smart contract, which proceeds to execute the agreed-upon terms of the loan. It accepts and holds the borrower's collateral on the network. It accepts and distributes the loan (in the form of stable coins). And it accepts and distributes repayments (and then returns the collateral).

No middleman. No credit check. No paperwork. No fuss.

Cheaper, more convenient, more secure, and accessible online anywhere, anytime.

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