Written by Logan Smith

On February 9, 2022

Everything you wanted to know about Proton Loan

You asked, and we delivered: here’s our Proton Loan explanation video, walking you through this new decentralized lending market in less than 20 minutes!

In this video, our VP of Engineering, Syed Jafri, explains exactly how Proton Loan works, how things operate on the backend, and how users can use it to loan and borrow cryptocurrency while earning interest. Simple and straightforward, we made this video to empower our users to take full advantage of everything that Proton Loan has to offer.

As a refresher, Proton Loan is a new decentralized lending market built on the Proton blockchain. Utilizing the cross-chain capabilities of Proton-wrapped xtokens, Proton Loan makes it possible to deposit cryptocurrency into lending pools to earn interest, and to take collateralized loans from cryptocurrency pools for BTC, ETH, USDC, USDT, XPR and XMT, with zero gas fees on the Proton blockchain.

By using a system of smart contracts powered by the Proton blockchain, users can request and fulfill loans using cryptocurrency without the need for a central mediator and without regard for the parent blockchain protocol of the requested asset. That means a cryptocurrency lending marketplace that is decentralized, accessible, and powerful.

Want to watch this video on YouTube? Follow the link to our channel here! You can learn more about Proton Loan by visiting our launch day blog post here, and by checking out the Documentation section of the website. Don’t forget to head over to ProtonLoan.com and check it out for yourself – the website is simple enough to figure out in just a few minutes. Be sure to follow Proton Loan on Twitter to interact with us and stay up to date on the latest news and announcements.

Welcome to Proton, we’re glad you’re here.

Other Proton articles:

Introducing Proton DEXember

Introducing Proton DEXember

It wouldn’t be right for us to finish the year without a traditional Proton Blockchain wordplay, and that’s why we’re seeing out 2022 with the launch of DEXember. #DEXember — Marshall Hayner (@MarshallHayner) November 24, 2022 The DEXember campaign is a month...

Black Friday – Reduced USDC Deposit Fees

Black Friday – Reduced USDC Deposit Fees

At Metallicus, we believe everyone should offer Black Friday deals, not just your favorite online shopping retailer. That is why we are delighted to announce that we have slashed the fees for the Proton Blockchain Fiat On-Ramp from today until December 31st, 2022....

The New Proton DEX | Decentralized & Compliant

The New Proton DEX | Decentralized & Compliant

Metallicus is delighted to announce the launch of the Proton Blockchain Decentralized Exchange (Proton DEX), a peer-to-peer marketplace that connects cryptocurrency buyers and sellers with each other while simultaneously ensuring that users remain in control of their...

Meet the Block Producers | EOSphere

Meet the Block Producers | EOSphere

Over the course of the next few months, we will be introducing you to the incredible Block Producers that power the Proton Blockchain. Discover their reasons for becoming Block Producers, how they discovered the world of Cryptocurrency and Blockchain, and the reasons...

Free Lifetime Trading with Proton DEX Keys.

Free Lifetime Trading with Proton DEX Keys.

The highly anticipated Proton Decentralized Exchange (Proton DEX) is almost here, supercharging the Proton Blockchain experience even further, bringing seamless and instant cryptocurrency exchange trading. Proton DEX will allow customers to trade their cryptocurrency...

Meet the Block Producers | Saltant

Meet the Block Producers | Saltant

Over the course of the next few months, we will be introducing you to the incredible Block Producers that power the Proton Blockchain. Discover their reasons for becoming Block Producers, how they discovered the world of Cryptocurrency and Blockchain, and the reasons...