Hello everyone out here, my name is Jay, I have founded Soma Lending. My project is a crypto lending platform on waves blockchain that allows people to lend or borrow more than 150+ of any liquid ERC-20 tokens. I was always passionate about the possible things that blockchain can do, but never really tried to create anything myself. This project came to life after the fall of DigiCash, who’s founder was lost in time.
Soma Lending - Lend & Borrow crypto anytime and earn weekly interest paid to your waves wallet, since my project is not that big yet, at the start I will handle all lending/borrowing requests by myself, later if there is overload of requests I will add more Soma managers, so all lending requests are processed fast.
Soma Lending Terms
Min. lending amount 50$
Min. borrowing amount 100$
Interest Rates
Lenders
One week (Five business days) 6.25%
Three weeks (Fifteen business days) 12.5%
One month (Thirty business days) 25%
Two months (Sixty business days) 50%
Borrowers
One week (Five business days) 10%
Three weeks (Fifteen business days) 20%
One month (Thirty business days) 35%
Two months (Sixty business days) 50%
FAQ
Can I Finish My Loan Prematurely?
Yes, you can finish your loan prematurely just paying the outstanding instalments following the same loan terms.
What Collateral Can I Use?
ETH, BTC, XSML and more than 150 liquid ERC20 tokens.
What Can I Borrow?
Same as above.
Token details
Soma Token is in ICO stage right now.
Token name: Soma Token
Ticker: XSML
Total Supply: 200M
Block explorer: https://wavesexplorer.com/
Wallet: https://wavesplatform.com/products-wallet
Social media
Twitter: https://twitter.com/SomaLending
Telegram: https://t.me/SomaLending