TheBchain (CEO Yoonock Jang)’s ‘Digital Asset Technology Trends and New Business’ seminar ended successfully at Startup Center, Coex on Sep.5th.
On this day, James Jung (CEO of Delio), who started cryptocurrency loan service called ‘Delifunding’ on July, talked about ‘Exchange-Based Cryptocurrency Lending Model’.
According to James, “Delifunding will provide more benefits to Delio token holders, such as interest income, currency stability, and etc”. “In a bull market, using crypto lending might help investors make more profit through interest instead of selling”.
Delifunding offers 2 services — B2C loan and Exchange-Based loan, which use DLO (Delio token), BTC, and ETH as collateral and lend KRW (₩) directly.
James added, “Our current loanable amount is ₩280 billion (appr. $234 mil. USD); the goal is to raise it up to ₩1 trillion ($837 mil. USD)”. “So far, we’ve earned ₩300 million profit although our service has launched very recently”.
On September, B2C service will expand to online with wallet and partners joining Delifunding. The service area will also cover the United States, Japan, Europe and all over Asia.
The audience inquired about the volatility of cryptocurrency, loan period and margin trading.
Defi has become a buzzword in the blockchain industry. Defi is short for ‘Decentralized Finance’, refers to an ecosystem in which the legacy of the financial industry, like deposits, payments, and loans, are newly designed by blockchain and cryptocurrency.
[Originally written in Seoul Finance, “ 더비체인 ‘디지털 자산 기술 트렌드와 뉴비즈니스’ 성료” by Reporter Sihyung Park (email@example.com)
September 5th, 2019 [http://www.seoulfn.com/news/articleView.html?idxno=355083]
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