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Lending Pro is the first of a series of new products that @bitfinex will release over the next few weeks to widen the utility and scope of our lending market.https://twitter.com/bitfinex/status/1287731549761343490 …
CTO @bitfinex + CTO @tether_to [Views are my own]
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Paolo Ardoino Retweeted Bitfinex
Thread
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Lending Pro is the first of a series of new products that @bitfinex will release over the next few weeks to widen the utility and scope of our lending market.https://twitter.com/bitfinex/status/1287731549761343490 …
Paolo Ardoino added,
https://bit.ly/LendingProBFX pic.twitter.com/T91SdPdtSA2/ @bitfinex P2P lending market is the oldest (2014), most (real) liquid and purpose rich lending market in the crypto industry.
Bitfinex acts just as an escrow, connecting 2 parties.
(non-DeFi) competition usually acts as a central bank, we have different values.
3/ Every day tens of thousands of Finex customers reply on our Lending platform to generate nice revenues while holding their beloved cryptos. We are now working to make this community 10/100 times bigger. How?
4/ Lending Pro will offer a power interface to P2P lending users - automated algorithms for return optimization - daily, weekly and monthly stats - detailed reports - interest returns calculator - many additional mind blowing stuff
5/ Next steps:
- 10/100 fold increase utility for borrowers
- leverage solid fiat-on-ramp capabilities
- expand all of this to new businesses outside of crypto
BAM!
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