LendPal P2P lending platform is a platform that allows users to solve their financial problems by accessing additional finance without selling their crypto assets or generate additional income by providing their liquidity to other users through a secure loan mechanism.

Interest rates are determined by platform users when creating an offer, taking into account market conditions and their preferences. This unique approach allows you to count on fair interest rates.

To get started, create an account, read the terms and conditions of use of the platform, select the solution you are interested in, deposit the required amount of cryptocurrency or stablecoins into your account, accept offers from other participants, or create your own offer on your terms.

LendPal accepts a wide range of cryptocurrencies and digital assets as collateral. However, there may be specific restrictions on certain assets based on their market liquidity and viability

The LendPal platform provides a high level of security and confidentiality of user data. All financial transactions and personal data are protected using modern encryption technologies

The Lendpal platform supports working with the most popular crypto assets. You can always get acquainted with the current list "Link: section Supported cryptocurrencies"

The Lendpal platform is happy to collaborate with users around the world. However, there may be legal and regulatory restrictions in some jurisdictions. Users are responsible for compliance with local laws.

No

The LendPal.io support team provides assistance to users in resolving issues and disputes related to the use of the platform.

Regular payments of loan obligations are made automatically from the borrower's account. If there are no funds in the borrower's account and the borrower ignores system notifications, a procedure for liquidating the collateral will be initiated.

The collateral is securely stored in multi-signature wallets for the duration of the transaction. In case of default by the borrower (holder), the collateral can be liquidated to repay obligations to the lender automatically.

Yes, LendPal may charge fees for maintenance and other services associated with facilitating transactions on the platform. The specific commission structure can be found in terms.

You can set the deposit amount yourself or choose an acceptable option from existing offers from other users. By choosing the amount of collateral, you set for yourself the risk level of your loan.

The option to extend the loan term will be available in future versions of the update.

LendPal provides a user-friendly dashboard where borrowers (holders) and lenders can monitor the status of their assets and transactions. This includes information about loan terms, repayment schedules, collateral status, etc.

LTV ratio is calculated by dividing the loan amount by the appraised value of the collateral. For example, if the loan amount is $10,000 and the appraised value of the collateral is $15,000, the LTV ratio would be 66.67% ($10,000 divided by $15,000)

Borrowed funds are transferred to the borrower's account on the Lendpal platform instantly. The speed of withdrawal of funds to the borrower’s external wallet depends on the speed of the blockchain network.

You can accept the real-time loan offers from lenders and get liquidity immediately. Or you can creat your own offer and wait till the lenders accept it (in this case the time will depend on the relavence of your offer to real market situation)

If the borrower defaults, LendPal initiates a collateral liquidation process to recover the loan obligations to the lender. The interests and rights of the creditor are fully protected by the holder's pledge.

Loan-to-Value (LTV) ratio is a measure used to determine the loan amount relative to the value of the collateral. It is calculated by dividing the loan amount by the appraised value of the collateral and expressed as a percentage