On October 22, Hodl Hodl launched Lend at Hodl Hodl, a non-custodian p2p platform, through which users can apply for loans secured by bitcoin.
The new platform does not require a KYC procedure. The smart contract-based structure provides a transparent collateral storage system.
“The first cryptocurrency has all the properties required for DeFi, but up to this point, no one has provided users with Bitcoin p2p landing opportunities. We decided to change this situation, "- said Max Keidun, CEO of Hodl Hodl.
The project opens up a new market for the company - Lend at Hodl Hodl will be available to US users.
Shortly before the launch of the new Hodl platform, Hodl closed a funding round, which featured trader WhalePanda, Ambroid, Lemniscap and Fulgur Ventures. The funds raised will be used to increase the number of developers, marketing and entering new markets.
Recall that in June, Hodl Hodl became available directly from the BlueWallet Bitcoin wallet.
In September, the trading platform decided to open its source code.
