From 1d728819f0e4201d449d9dc112697773d7273e70 Mon Sep 17 00:00:00 2001 From: Yoheita Onishi Date: Fri, 1 Jun 2018 06:07:09 +0000 Subject: [PATCH 1/2] Update ETHLendWhitePaper.md --- ETHLendWhitePaper.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ETHLendWhitePaper.md b/ETHLendWhitePaper.md index 5e9f59c..aa972e8 100644 --- a/ETHLendWhitePaper.md +++ b/ETHLendWhitePaper.md @@ -105,7 +105,7 @@ ETHLend provides secured lending with the use of ERC-20 compatible tokens as a c **Creating the lending currency with LEND token** -LEND token is used as the main medium of exchange (lending currency) on the ETHLend decentralized application. The main use of LEND is to be a lending currency, such demand is created by removing all smart contract fees on lending with LEND. Therefore, when users are using LEND token lending is zero-fee. LEND would be additionally the only currency to use Ethereum as a collateral. Becoming the medium of exchanges creates the main use-casr and demand for the LEND token. +LEND token is used as the main medium of exchange (lending currency) on the ETHLend decentralized application. The main use of LEND is to be a lending currency, such demand is created by removing all smart contract fees on lending with LEND. Therefore, when users are using LEND token lending is zero-fee. LEND would be additionally the only currency to use Ethereum as a collateral. Becoming the medium of exchanges creates the main use-case and demand for the LEND token. **Gamified Credit Profile** From 49f30d18c2ca661affa3e7e4019fa6c90de1ac6f Mon Sep 17 00:00:00 2001 From: Yoheita Onishi Date: Fri, 1 Jun 2018 09:42:55 +0000 Subject: [PATCH 2/2] Update ETHLendWhitePaper.md --- ETHLendWhitePaper.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/ETHLendWhitePaper.md b/ETHLendWhitePaper.md index aa972e8..5b5c86e 100644 --- a/ETHLendWhitePaper.md +++ b/ETHLendWhitePaper.md @@ -127,7 +127,7 @@ Instead of using ERC-20 tokens to provide the user a number (score) on previous Practically all the Gateways for example Bloom Score (part of the decentralized gateway to DCR) or Fico score (feeds from centralized providers) are presented as a various kinds of badgets. -Gamified credit profile encourages to collect positive lending badges and to avoid negative ones. For example, borrower with reputable badge collection would not want to tarhish the badge collection since it would effect the borrower's creditworthiness from the lender's perspective. This would amount to true personalized and repuation based lending, and could affect on the amount of collateral the borrower would need to set. +Gamified credit profile encourages to collect positive lending badges and to avoid negative ones. For example, borrower with reputable badge collection would not want to tarhish the badge collection since it would effect the borrower's creditworthiness from the lender's perspective. This would amount to true personalized and reputation based lending, and could affect on the amount of collateral the borrower would need to set. **Mobile access with mobile DAPP browsers**