8lends is a simple crypto lending service from Switzerland, and it offers stable returns. Today, it has announced a collaboration with the Ice Open Network, the layer 1 blockchain, to deploy decentralized applications.
Together with the ION DApp Framework, 8lends will be included in Online+, the flagship app, which has over 100 decentralized projects supporting over 3000 verified creators.
Streamlining Web3 Development and Lending
This combination opens up new avenues for both developers and investors. 8lends will use the no-code tools by introducing lending interfaces and borrower verification on Online+.
Investors can view the vetted lending opportunities, while developers benefit from built-in monetization, discovery, and growth services.
There are over 40 million active users in Online+, and it offers zero algorithms, censorship resistance, and other limitations. Through the alliance, brands will have immediate access to a broad audience.
8lends connects those with retail and institutional investors to borrowers whose physical assets, such as buildings or equipment, have taken up the equity in the loans. Smart contracts also make funding and repayments easy and are transparent and traceable.
Integrating these functions into the no-code setting will accelerate the process of bringing a new borrower and lender on board without any of the middlemen and time-consuming paperwork.
Implications for the Crypto Market
8lends and Ice Open Network are partnering to make web3 solutions more accessible for everyday users.
Developers receive a Swiss-regulated protocol in 8lend, providing them with opportunities to create innovative financial solutions that comply with regulations but run on a high-speed, privacy-centered layer 1 blockchain.
Investors would benefit from a diversified source of yield, which would help them assess its volatility and determine a suitable access period. The borrowers may deposit as little as 100 USDC and jump into loans secured by assets. They would also have real-time tracking of returns and get in touch with the general Online+ community.
This broader access may attract capital that previously remained on the sidelines due to overregulation or complexity.
Looking Ahead
8lends integrates into Online+ and the Ice ION Framework, and, as a result, both companies will conduct hackathons, educational campaigns, and cross-marketing campaigns together.
Such events will not only demonstrate new applications built on the lending-based strategies but also accumulate feedback from the community and improve the platform further. The use of no-code tools and asset-backed loans is going to help 8lends and Ice Open Network increase the rate of mainstream adoption of decentralized finance, and it will demonstrate the potential of Web3 to add value and deliver reliable returns in a rapidly transforming digital economy.
