INLOCK’s peer-to-peer lending token comes to Liquid

In Insights

We are excited to announce that INLOCK token (ILK) is now live for trading on Liquid against BTC and ETH.

What is INLOCK?

INLOCK is a peer-to-peer lending platform where customers can borrow or lend using cryptocurrencies as collateral. INLOCK connects crypto holders with anyone who wants to benefit from using digital assets without being exposed to exchange rate risk or state taxes.

Fees and services on the platform are paid for in INLOCK tokens (ILK), while the INLOCK marketplace has been meticulously designed to:

  • Create a stable and scalable economy.
  • Provide the right incentives for all participants.
  • Ensure both sides of the transactions are happy, every time.

Anyone can lend

For the risk averse, INLOCK can be used to make money and avoid volatility. With INLOCK, you can start lending stablecoins and earn interest without having to hold any of the more volatile cryptocurrencies.

As a lender, you can set all your preferences to create a loan schedule that suits you. You’ll also be able to customize loan amount, due date and interest rate.

You can start lending with as little as 100 USDC, while unallocated assets can be withdrawn at any time for no extra fees. Active lenders pay no fees for depositing or withdrawing USDC.

Buy ILK Tokens

This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.

WRITTEN BY

Liquid

Providing liquidity for the crypto economy.