Decentralized Lending Network (DLN) today announced the launch of their novel concept for introducing a no-fee, zero percent interest micro-loan network aimed at democratizing the traditional banking system by leveraging blockchain and social staking.
DLN enables borrowers to post a loan proposal that is then backed by friends, family, or other participants on the network who earn interest by staking assets and creating a backer collateralized debt position (BCDP).
It is this BCDP that de-risks the borrowing process allowing liquidity providers to fund the loans without any underwriting risk. The interest for liquidity providers, backers, and to operate tthe network re agenerated by staking the BCDPs underlying pool of assets in high yield DeFi protocols, making loans 100% free for borrowers.
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