EthLend Token (LEND) API and Price Oracle

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EthLend Token

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is EthLend Token (LEND)?

EthLend Token (LEND) is an Ethereum-based cryptocurrency that powers the EthLend decentralized lending platform. It was launched in 2017 by Stani Kulechov and is issued by EthLend, a blockchain-based lending company. LEND allows users to access loans and lend their digital assets without the need for intermediaries. The token's name is a combination of "Ethereum" and "lending." Its purpose is to facilitate peer-to-peer lending on the blockchain by connecting borrowers and lenders in a trustless and transparent manner.

How does EthLend Token work?

The EthLend Token (LEND) is an ERC-20 token built on the Ethereum blockchain. It operates within the decentralized lending platform called EthLend. EthLend utilizes smart contracts to facilitate peer-to-peer lending transactions without the need for intermediaries such as banks or loan companies.

The underlying technology behind EthLend is the Ethereum blockchain, a decentralized network that enables the execution of smart contracts. Smart contracts are self-executing agreements with predefined conditions and rules. In the case of EthLend, these smart contracts enable borrowers and lenders to interact directly with each other, eliminating the need for traditional financial institutions.

When a borrower requests a loan on EthLend, they provide collateral in the form of tokens. This collateral acts as security and is stored in a smart contract. Lenders can review loan requests and decide whether to fund them. Once a loan is funded, the borrower receives the loan amount in their desired currency, and they repay the loan along with interest over a specified period.

The lending process is regulated by the smart contract, which self-executes based on the agreed-upon terms. In case of default, the collateral stored in the smart contract is used to compensate lenders. This ensures transparency and reduces the risk for lenders.

Overall, the EthLend Token works by utilizing the Ethereum blockchain's smart contract functionality to enable secure and trustless peer-to-peer lending transactions, providing borrowers access to loans and lenders the opportunity to earn interest on their funds.

What are the benefits of EthLend Token?

EthLend Token (LEND) offers several benefits compared to its direct competitors in the decentralized lending space. One key advantage is its transparency and security through the use of blockchain technology. As a decentralized lending platform built on the Ethereum blockchain, EthLend Token ensures that all transactions and lending agreements are recorded on a public ledger, providing transparency and immutability.

Another benefit of EthLend Token is its global accessibility. It allows individuals from anywhere in the world to participate in lending and borrowing without the need for intermediaries or traditional banks. This inclusivity opens up opportunities for those who may not have access to traditional financial services.

EthLend Token also offers a peer-to-peer lending model, which eliminates the need for intermediaries and reduces associated costs. This means borrowers can access funds at competitive interest rates, while lenders can earn higher returns on their investments compared to traditional banking products.

Furthermore, EthLend Token distinguishes itself by its use of smart contracts. By leveraging the power of smart contracts, it automates various aspects of lending and borrowing, such as loan repayment and collateral management. This automation increases efficiency and reduces the risk of fraud or default.

Although there are other decentralized lending platforms in the market, EthLend Token's transparency, global accessibility, peer-to-peer lending model, and smart contract automation set it apart from its direct competitors. It offers individuals around the world a secure and efficient way to participate in the decentralized lending ecosystem.

What is EthLend Token used for?

EthLend Token (LEND) is the native cryptocurrency of the EthLend protocol, also known as Aave. Aave is a decentralized lending platform built on the Ethereum blockchain. LEND has several use cases within the platform.

Firstly, LEND is used as a governance token, giving holders the ability to vote on proposals and decisions related to the protocol's development and management. This allows token holders to participate in shaping the direction of the project.

Secondly, LEND can be used to pay for transaction fees and access certain features within the platform. For instance, users can stake LEND to earn rewards or obtain discounted borrowing rates. This incentivizes the holding and use of LEND tokens within the Aave ecosystem.

One specific use case for LEND is its role in flash loans. Flash loans are a unique feature of the Aave platform that enable users to borrow a significant amount of cryptocurrency without requiring collateral, as long as the borrowed funds are returned within the same transaction. LEND tokens are used as a fee for flash loans, with a small percentage of the borrowed amount being paid in LEND.

This specific use case demonstrates the versatility of LEND within the Aave ecosystem. With flash loans, individuals can carry out complex arbitrage strategies or execute other types of sophisticated trades within a single transaction, without the need for significant capital upfront. LEND's role in flash loans showcases its utility as a transactional currency within the Aave platform.

In summary, EthLend Token (LEND) has multiple use cases within the Aave ecosystem, including governance participation, transaction fee payment, and its role in enabling flash loans. These use cases contribute to the overall functionality and value of the LEND token within the Aave platform.

What is DIA's EthLend Token API?

DIA's EthLend Token API is one of the API endpoints provided by DIA that offers real-time price feeds for crypto assets. DIA constructs these price feeds by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, generating accurate and reliable information.

While DIA offers free API endpoints for developers to test, they also provide fully customizable, custom feeds. These custom feeds are designed according to the user's specific requirements, allowing them to tailor the feed based on sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The custom feeds offered by DIA hold significant importance as they cater to the specific needs and preferences of users. They provide a more personalized approach to accessing price information, ensuring that users receive data that is most beneficial and useful for their purposes.

DIA's API endpoints have a wide range of use cases within the blockchain ecosystem. They can be utilized in various DeFi applications such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and many more. Furthermore, these APIs can also be applied in NFTfi applications including peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In summary, DIA's EthLend Token API, along with their other API endpoints, provides real-time price feeds sourced from numerous exchanges. While DIA offers free API endpoints for testing, their custom feeds offer a more personalized experience, tailored to individual requirements. These APIs have various use cases within the DeFi and NFTfi realms, contributing to the efficiency and functionality of the blockchain ecosystem. Developers and users alike can benefit from DIA's comprehensive and reliable price feed solutions.

What is DIA's EthLend Token price oracle?

DIA's EthLend Token price oracle is a smart contract that offers real-time price feeds for various crypto assets. DIA stands out by being integrated with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains. DIA's price feeds are constructed through the aggregation of raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in reliable and comprehensive price information.

While DIA provides demo oracles for developers to test, these are intended for experimentation and cannot be integrated into production applications. However, if users require a custom configuration for a feed, DIA offers the option to build dedicated price feed oracles tailored to specific requirements. Custom feeds can be customized in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have a range of use cases within the blockchain ecosystem. In the realm of DeFi, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Within the NFTfi space, DIA's oracles facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other potential applications.

A blockchain oracle is an external information provider that retrieves verified data from sources outside the blockchain and supplies it to smart contracts. Oracles like DIA's EthLend Token price oracle play a crucial role in bringing real-world data to decentralized applications, enhancing their functionality and enabling the creation of complex, data-driven solutions.

Why use DIA's LEND API & price oracle?

DIA's LEND API and LEND Price Oracle offer a range of benefits for users in the blockchain ecosystem. One of the main advantages is the high level of customisation available. Users can tailor each oracle and API endpoint to suit the specific needs of decentralised applications. This includes configuring the data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the feed. This ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data.

Furthermore, DIA's API and oracles provide transparency at every step. Users can have full visibility into the entire data journey, ensuring trust and reliability. DIA also offers tracking and monitoring tools to closely monitor the oracle and API feeds.

By leveraging DIA's technology, users can access accurate and customisable price data for cryptocurrencies and NFTs. This level of customisation allows for tailored solutions, making DIA's API and Price Oracle a valuable tool for users in the blockchain ecosystem.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.