Blockchain technology has transformed the financial industry today where at early stage cryptocurrency was only used as payment or investment, now with growing technology it can be used to make loans with a protocol, namely decentralized finance, commonly abbreviated as DeFi. With this protocol, people can lend their assets to others and get interest from it.
Cobalt Lending Platform
The Cobalt lending platform aims to bring together borrowers into a fair democratic voting community in order to get all size loans from micro loans to six-figure loans all without the over sight of a bank, completely governed by the community and therefor the community directly profits from its’ involvement.
The current credit system is fundamentally flawed and the Cobalt platform corrects this by facilitating a community voted and approved lending program on the blockchain that is completely based off the merits of the project, never seeing race, color, or individuals background. The only criteria considered for the loans will be merit of project and collateral provided by the borrower, then the community will be left to decide on funding the proposal or rejecting it. Cobalt Lend aims to fix this by instituting a protocol on the blockchain that allows for community approved lending at minimal fees and low over head, with both the borrower and the community benefiting.
More Info About Cobalt Lend:
Website: https://cobaltlend.com/
Telegram : https://t.me/cobaltlend
Twitter : https://twitter.com/CobaltLend
Medium : https://cobaltlend.medium.com/
Facebook : https://www.facebook.com/cobalt.lend
Linkedin: https://www.linkedin.com/in/cobalt-lend-9a83571b9/
Reddit : https://www.reddit.com/user/cobaltlend
Instagram : https://www.instagram.com/cobaltlend/
Github : https://github.com/cobaltlend
AUTHOR
Bitcointalk Username : mdyakeen
BitcoinTalk profile link : https://bitcointalk.org/index.php?action=profile;u=2205582
