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INLOCK’s Peer-to-Peer Lending Token Comes to Liquid
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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You can start lending with as little as 100 USDC, while unallocated assets can be withdrawn at any time for no extra fees.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.