BUIDL — Persevere in a Bear Market
This is a painful phase for the crypto community in general and Ethereum in particular. The plummeting value apart, building on the network is itself quite challenging. Scalability is a problem that remains undented. The high transaction costs are prohibitive to widespread adoption, making fee-based loans even less attractive. In hindsight, we didn’t move to PoS when we should have.
However, for those of us who have been here for a while, these issues are hardly unexpected. We at Lendroid are here for the long haul and want to let you know that we have every intention of fording this current slump in market and network, through a combination of foresight, focused dev work and patience. To all our contributors and well-wishers, we extend our heartfelt thanks for the support, and wish to share some of our recent developments, and a few plans for the future.
Launch of the Lendroid Roadmap
This is a breakthrough for us. We’ve moved on from speaking exclusively in terms of margin trading, and have taken the plunge in building the infrastructure and first-use-case dApps on the protocol. The roadmap is linear, to make the most of live technologies today, and modular, for non-dependency on the deliverables of partner projects.
Launch of Reloanr, Dai-based dApp
Impressed by our protocol and its potential, Our collaboration with MakerDAO bore fruit over the last couple of months, in the form of Reloanr, a first-of-its-kind secondary market for Dai loans. It is live on testnet, and was successfully demonstrated at an ETH Global event. Do check out Reloanr today and let us know what you think.
It’s been a time of introspection and change from within and without. As a visible starting point, we present to you a new logo and aesthetic scheme that reflects who we are. We are now more comfortable in our skin, and more sure of who we are. This new branding aesthetic and philosophy is reflected through our online profiles as well as protocol design.
Lendroid made a strong impression at the largest ETH event in Asia — ETH Global’s latest edition — ETH India. We were silver sponsors at the event, which included manning a showcase booth, a speaker opportunity and sponsoring of a special prize at the hackathon for a team that chose to build on the Lendroid protocol.
Partnership with Matic
One of the biggest takeaways for Team Lendroid from the ETH India event was the real possibility of partnerships that might help bolster our already strong technology. Matic, an adapted version of plasma with PoS side chains, will amplify the efficiency of Reloanr tremendously. This is one collaboration we’re really looking forward to. Watch this space.
Next steps for Reloanr
As a concept, Reloanr is incredibly adaptable. It is now a secondary market for Dai, but we are planning to extend this to Digix in the near future, and to other collateralised loans. Reloanr is also a strong gateway for the integration of our Relayer community. For starters, The 0cean and Amadeus.
In pursuit of scalability
Lendroid has always wanted to build things that the community can use ‘now’, instead of a concept that might be constrained by the network’s own limitations. To this end, we are actively looking at technologies like side chains, state channels and more. We are particularly interested in state channels as a long-term solution for efficiency.
In short, the road ahead is simple. Keep our head down and BUIDL; and when we do raise our heads, communicate adequately to the community, keep everyone abreast of the developments on the protocol. We look forward to giving you our next update in a few weeks.
