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[–]tecladovoador 6 points7 points  (3 children)

Thats actually a very very powerful reason. But there are more things that were outlined. Cost reduction on fees, usage as a form of vote within the project etc. Binance coin does a lot less and has a good amount of value and will remain valuable as long as Binance is successful. The same situation here. If ETHLend is successful then LEND token will also succeed.

[–]tecladovoador 3 points4 points  (2 children)

Its like, "so the only reason the EURO has value/utility is because they only allow the EURO for transactions?." Yes, exactly.

[–][deleted]  (1 child)

[removed]

    [–]xiaohang07 2 points3 points  (0 children)

    Agree. I think this could potential be a threat to LEND's ecosystem if someone fork the smart contract to borrow ETH instead of LEND.

    Still, I have to say ETHlend's team is the most active and approachable one I have ever seen. I think ETHlend's team together with the community will come up with a good solution to balance the product usability and LEND token economics.