Notable peer-to-peer lending protocol analysis – PWN

• What is PWN?
• Operational model of PWN
• The uniqueness of PWN
• Development team
• Investors
• Epilogue

What is PWN?

PWN is a peer-to-peer lending protocol that allows users to borrow and lend digital assets (including ERC-20 standard tokens, ERC-721 standard NFT, ERC-1155 standard tokens). Agreement on interest rate and loan period is made by the parties to the transaction.

PWN serves two customer groups:

• Lender (lender): They can deposit tokens into the platform and receive interest from the borrower.
• Borrower (borrower): They can put collateral on the platform to borrow a certain amount of tokens.

Operational model of PWN

The steps to perform the operation on the PWN include the steps described in the figure below:

To use PWN, the following steps need to be performed:

1. Borrower places his collateral (ERC-20, NFT) on the PWN platform and creates loan contracts with Lender, including the amount to borrow and the loan period.
2. Lender searches for loans on the PWN and generates offers to Borrower regarding loan assets, interest rates, and loan expiration times.
3. Borrower accepts the offer and activates the loan on PWN. Borrower's collateral will be locked on PWN's Smart contract.
4. Borrower pays the loan and interest to Lender to unlock and get his collateral back.
5. In the event that Borrower does not repay the loan, their collateral may be claimed by Lender.

PWN does not support liquidation, instead, Borrower simply repays the loan before the loan's expiration date. If Borrower fails to repay the loan, their assets may be claimed by Lender.

The uniqueness of PWN

PWN is currently implementing MultiChain on Ethereum and Polygon, and the future plan is to deploy it on many other platforms so that users can use PWN's services more easily. Expanding loan/loan assets can be risky, however, it also gives more users access to the platform.

Development team

• Josef Je is the Co-Founder and CEO of PWN. He graduated with a bachelor's degree from Charles University and was a co-founder of Educasoft, a start-up providing learning management solutions in the CEE marketplace. He then turned to the crypto market and joined the Ethereum Foundation in 2018. In August 2021, he decided to start a business and is now the Founder of PWN.
• Simon Kozak is Co-Founder and CTO of PWN. He has experience in web and application programming. He joined PWN in February 2021 and is now a Co-Founder and Full-stack Developer at PWN.
• Steve Fau is Co-Founder and Head of Product at PWN.

Investors

On February 1, 2022, PWN officially announced the successful fundraising of 1 million USD from some famous investors in the blockchain industry such as Tim Beiko – a blockchain developer from the Ethereum Foundation and Will Harborne. – CEO of DeversiFi, a well-known decentralized exchange. This is a remarkable achievement for PWN, helping the project continue to grow and expand in the future.

Epilogue

PWN is a peer-to-peer lending protocol that supports a wide range of assets, from ERC-20 tokens to NFTs, providing multiple benefits to users and helping to facilitate platform access. Unlike other lending platforms, PWN has no liquidation process, so there is no risk of bad debt to the platform. However, to confirm whether PWN can compete with many other lending protocols in the market, we need to wait for more confirmation from PWN in the future. You can find more information about the project through the following social sites:
Website | Twitter | Discord

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