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All aboard! The handy new SpaceLend service is about to be launched!

The SpaceSwap team is delighted to announce the launch of SpaceLend, a handy service that allows users to take and give out loans by locking in their crypto assets as collateral.


What is SpaceLend?


SpaceLend’s technology is the improved version of Aave and Compound technology. You can contribute to the lending pool and earn interest on your deposits.

However, the SpaceSwap team added some cool features including the ‘In Supply’ column, which allows you to track how many tokens you have in supply, no matter whether the Collateral slider is on or off.

The details of the SpaceLend launch


SpaceLend will be launched on Binance Smart Chain, in accordance with the wishes of the SpaceSwap community. Link to the results of the corresponding vote:
https://snapshot.org/#/spaceswap/proposal/QmVwJLBFAH4ypRscw5pMm25fHiSvppowzoFjWSNipRkejF

NB! Each price update  within the SpaceLend service on BSC will cost $0.09 per transaction, which is substantially cheaper than on Ethereum.

The SpaceSwap team is looking forward to the Great Launch and the prosperous future effects of this new handy service created for all our users! Keep tracking the news for coin updates!