- Exclusive interview. Lendroid - non-custodial margin trading protocol BASE.INFO team has interviewed Vignesh Sundaresan the Founder of Lendroid project. Sep 6, 2018
Lendroid is a non-rent seeking, trust-independent, open protocol enabling decentralized lending, margin trading and short selling on the Ethereum blockchain. It aims to solve the shortcomings of centralized exchanges by creating a global shared lending pool, and a symbiotic off-chain infrastructure supported by incentivized participants - Relayers and Wranglers.
Simply put, Lenders contribute their offers to the lending pool through relayers, who then match the offers with appropriate traders. The traders can use the borrowed funds to margin trade, make a profit, and repay the lenders.
Non Custodial - smart contracts mean there is no 3rd party custodian. With Lendroid there is no risk of the custodian getting hacked while lending/margin trading.
Works Across Exchanges - Lendroid powers a common protocol and a shared liquidity pool for margin trading across various decentralized / centralized exchanges.
Non Rent-Seeking - the protocol is non-partisan and does not favor one type of participant over another. The fee is paid by actors using the protocol to those helping the protocol.