Brighter prospects for digital lending on Ethereum

Many experts believe that, despite a multitude of possible uses, one of the most promising applications of the blockchain (if not the most promising one) is facilitating financial transactions.

This is why, it can be considered positive news that Dharma Labs managed to raise $7 million from venture capital investors. This startup is developing Ethereum-based solutions for blockchain-driven lending. It already has one product called Dharma Lever in alpha stage. The latter allows traders and large crypto holders to borrow funds.

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