What are
/r/ETHLend's
favorite Products & Services?
From 3.5 billion Reddit comments
The most popular Services mentioned in /r/ETHLend:
The most popular reviews in /r/ETHLend:
To fund a loan you need only the following:
- install metamask from https://metamask.io
- Send the amount of Ether you need to fund the loan + some Ether for the gas
- Refresh the page when you have Ether
- Go to the loan you want to fund and press fund this loan
- MetaMask confirmation pops up and confirm your transaction
If its a USD based loan you might need to get the lates USD rate by pressing get USD rate (costs 0.05 ETH for oraclize). It takes 1 min (2 blocks) to get the rate updated.
Would really recommend reading the whitepaper and getting to know Ethereum / ERC20 tokens a little more.
The error message you're seeing is most likely caused by not having an extension like metamask installed (which is how you're browser can talk to the ethereum blockchain).
Browse some of the filled requests and compare the loan amounts with the collateral amounts and associated market value to get an idea of how the financial side is structured. It's a peer to peer loan dapp which means its up to the users of the platform to settle on mutually acceptable terms.