Soma Lending - Lend & Borrow crypto and earn weekly interest on your loans

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.

:black_circle: Soma Lending Terms

Min. lending amount 50$
Min. borrowing amount 100$

Interest Rates


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%


One week (Five business days) 10%
Three weeks (Fifteen business days) 20%
One month (Thirty business days) 35%
Two months (Sixty business days) 50%

:black_circle: 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.

:black_circle: Token details

Soma Token is in ICO stage right now.

Token name: Soma Token
Ticker: XSML
Total Supply: 200M
Block explorer:

:black_circle: Social media


Types of Consumer Credit & Loans

Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, payday, and student loans.
Banks, credit unions, and other people lend money for significant, but necessary items like a car, student loan, or home. Other loans, like small business loans and those from the Department of Veterans Affairs, are only available to select groups of people.
Regardless of type, every loan – and its conditions for repayment – is governed by state and federal guidelines to protect consumers from unsavory practices like excessive interest rates. In addition, loan length and default terms should be clearly detailed to avoid confusion or potential legal action.
In case of default, terms of collection of the outstanding debt should clearly specify the costs involved in collecting upon the debt. This also applies to parties of promissory notes as well.
If you are in need of money for an essential item or to help make your life more manageable, it’s a good thing to familiarize yourself with the kinds of credit and loans that might be available to you and the sorts of terms you can expect.

Is it true that in such crypto lending platforms the gross returns between 8% and 30%? I am not sure? I do not tend to believe it
That’s the reason I don’t like the loaning system nowadays, you can get easily tricked and gambled. That’s why I always ask Mortgage Advice Doncaster for good advice before taking any action related to loans, the guys I usually cooperate with. I don’t know what to recommend you in this situation, the only option for you right now is to speak to Citizens One Loan, and just hope to find a compromise, if not, you will have to pay the charged money. Hope you will solve your problem my friend, and next time be more careful.