Lendingblock

Empowering Individual Crypto Investors

About

We developed Lendingblock, a comprehensive crypto lending and borrowing platform tailored for individual investors. Starting from the ground up, we redesigned and developed the entire product to enhance user experience significantly.

Industry

Fintech & crypto

Project duration

2021 – 2022

Project scope

Backend development

Frontend development

Blockchain development

DevOps

Research & Development

Technology

Python, Django, Celery, PostgreSQL, AWS, Terraform, Kubernetes, Docker, React, Node.js

Background

Lendingblock originally functioned as a comprehensive platform for borrowing, lending, trading, and custody, designed specifically for institutional clients. To expand its offerings to individual clients, Lendingblock engaged ULAM LABS to develop a brand new platform from scratch.

Challenge

Simplified Interface

Originally designed for professionals, adapting Lendingblock for a broader audience required a more intutivie, user-friendly interface. We could revamp the whole experience only by designing it from scratch.

Custom Exchange Development

Introducing USDT/LND exchange was necessary for broad adaption. This required developing a seamless, real-time trading experience complete with essential trading features.

Enhanced Security

Recognizing the importance of security for individual users, we implemented multiple security measures, including Google Authenticator tokens, two-factor authentication, and whitelisted account transactions.

Results of the collaboration

Lendingblock has been reimagined for individual users while maintaining its core functionality for institutional clients. Our end-to-end redesign and development effort focused on creating a fast, secure, and user-friendly platform. It features a custom-built exchange for LND/USDT trading, allowing users to manage their investments effectively and access preferred rates based on their LND balance.

Impact

Key features

User Dashboard

A newly designed UI/UX enables both individuals and institutions to make informed decisions with the appropriate level of detail.

Stablecoin Borrowing

Instant USDT borrowing against crypto collateral (BTC and ETH), allowing users to leverage their digital assets without selling.

Interest Earning

Secure interest earning on BTC, ETH, and stablecoin deposits.

Tiered Interest Rates

Users can obtain Bronze, Silver, or Gold tier status by staking LND stablecoins, with higher tiers offering better interest rates.

KYC Verification

Advanced and basic KYC processes enhance platform security, with Persona handling KYC checks and Chainlink providing token price data.

LND/USDT Exchange

A dedicated exchange platform for trading LND/USDT pairs, designed specifically for Lendingblock users.

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