Etherloan True decentralized peer to peer lending platform Etherloan True decentralized peer to peer lending platform Etherloan True decentralized peer to peer lending platform Etherloan True decentralized peer to peer lending platform About EtherLoan EtherLoan is a peer to peer lending platform build on EthereumBots are taking over — we all know that — and one of the latest sectors to succumb to the trend is fintech.LendingRobot, a robo-advisor for peer-to-peer (P2P) lending, announced today the launch of LendingRobot Series, an automated hedge fund designed as an alternative to fixed income investments.The new fund uses machine learning to provide predictable returns and blockchain technology to offer transparency on performance.The Seattle-based startup has 6,500 clients, who are accredited investors looking to invest in consumer, small business, or real-estate loans diversified across multiple peer lending origination platforms.Starting today, investors will be able to use both LendingRobot Classic, which is the robo-advisor designed for P2P lending, and LendingRobot Series, a hedge fund that invests and diversifies investors’ money across four lending marketplaces — Lending Club, Prosper, Funding Circle, and Lending Home.

The fund factors in the various time horizons and risk tolerance of investors (i.e.short-term aggressive, short-term conservative, long-term aggressive, and long-term conservative), which give the algorithm the inputs it needs to create the right investment mix.In addition, LendingRobot Series’ use of blockchain provides a high degree of transparency to investors.Every week, the hedge fund will publish a detailed ledger of its holdings, down to the value of individual payments made to each note.bitcoin dohaEach weekly ledger will receive a “hash code” signature and be notarized in Ethereum’s blockchain to ensure the data is tamper-proof.wired bitcoin guide“All investors would be well served by diversifying into multiple marketplaces, but that process is tedious, complicated, and requires a high degree of domain expertise to accomplish correctly,” said chief executive Emmanuel Marot in a statement.litecoin download windows

“That’s why we’ve created LendingRobot Series, to provide investors that understand the value of investing in alternative lending with the confidence that comes from intelligent automation, easy liquidity, and complete transparency.” While hedge funds typically charge management fees of 2 percent, plus 20 percent of performance (although those rates are falling), LendingRobot Series charges 1 percent of assets under management and caps fund expenses at 0.59 percent.It does not charge any additional performance fees.LendingRobot Classic has received more than 4 million investment orders so far and currently has over $120 million in assets under management.It claims to have a net annual return of 9.2 percent.Competitors include Betterment and Wealthfront.The startup was founded in 2012 and has raised $3.7 million to date.It currently has seven employees.Programmable, Decentralized, Globally-Accessible CreditAfter nearly a half-year’s worth of research and development, I’m thrilled to announce the beginnings of The Dharma Protocol — a decentralized, open-source protocol for peer-to-peer lending built on Ethereum.

Our mission is to bring credit & savings to every Internet-connected individual in the world in a seamless and digital manner, and, towards that end, we’re kicking off Phase 1 of the Dharma Project today with a white paper peer-review process that is open to the community at large.Over two decades of mainstream global Internet access have stripped borders away from virtually every industry under the sun — with the exception of financial services.Online social networks house communities that span oceans.Content, news, and knowledge spread across borders at viral speeds, irrespective of origin or locale.And yet, the financial services industry remains largely localized; in the vast majority of the world, the experience of taking out a loan much more closely resembles that of going to your local DMV than renting out an AirBnB.With twenty years of broad Internet access under our belt and nearly 2 billion unbanked individuals rapidly coming online, the question begs an answer: Why has no financial services company managed to achieve the same online ubiquity and global accessibility Facebook has?Ask anyone who works in the financial services industry, and the predominant answer you’ll receive can be distilled into two words: regulatory hurdles.Lending and borrowing are some of the most onerously regulated industries in the world, and probably for good reason — usurious interest rates and predatory loan sharking are common symptoms of under-regulated credit markets.

The challenge for any entity vying to provide financial services on a global scale, however, lies in the heterogeneity of regulatory regimes across different jurisdictions.Operating a compliant online lending marketplace in one country is difficult enough as is from a regulatory perspective — scaling to 196 is a far taller order.This enables any borrower with an Internet-connected smartphone to tap into a line of credit from anywhere in the world — without having to rely on a centralized, heavily regulated middleman to broker the transaction.The technology that enables this is the Ethereum public blockchain, a decentralized infrastructure powerhouse around which an increasingly robust community of developers, security researchers, and entrepreneurs is coalescing.There’s a long road ahead and plenty of announcements en route, but I want to emphasize that, first and foremost, Dharma is a community-based effort.The project will only be as strong as the open-source community that rallies behind it.

As such, it is crucial that the wider community is deeply involved in every aspect of the protocol’s development.Our first order of business is to submit the Dharma White Paper to the broader Ethereum community for peer-review and feedback.For the foreseeable future, the Dharma White Paper will remain a living document — we intend to continually iterate on and improve the protocol as time goes on.Check out the Dharma Protocol White Paper here and feel free to annotate the document using the built-in Genius annotations.Join The ConversationIf you’re interested in lending a hand, join our Slack Channel, subscribe to our update list, and, most importantly, read and annotate the Dharma Protocol White Paper with your thoughts, questions, and criticisms.Also —to any enterprising developers, operations specialists, and passionate blockchain enthusiasts out there — we are actively hiring, and would love to hear from you.Nadav Hollander is the Founder & Project Lead of The Dharma Protocol.