Q: What wallet holds the assets that are being borrowed against?

A: Important to define the terms first:

• A Wallet protects the private keys to a blockchain address. A user with control of a wallet’s private keys can authorize funds to be sent to a contract or another blockchain address.
• A Contract is a set of rules that is stored permanently on the blockchain. A contract ‘lives’ and can be accessed at a certain blockchain address. A wallet can send and receive funds from a contract.
• When a Tradeshare lender and borrower begin a relationship, a new contract is created and stored on the blockchain.
• The borrower sends collateral to the contract.
• The lender sends funds to the contract.
• All funds and collateral are stored safely on-chain in the contract.
• The rules in the contract control who has access to the funds and controls when and how they can take assets out of the contract.

Q: How is Tradeshare protecting the assets during the loan for the benefit of the lender?

A: Safeguards are built into the loan contracts to protect the lender, borrower, and Tradeshare. For instance, we can require that each party uses a multi-sig wallet to access the loan contract, so that if one set of private keys is compromised, an attacker cannot remove funds.

• Rules can be created to automatically revert collateral to the lender in case of default.
• The goal is to build a “zero-trust” system, meaning that security is derived from the on-chain contract rules, and not reliant on trusting either of the parties to the loan.
• The contracts must be fully audited and Tradeshare plans to institute a bug-bounty program to encourage white-hat hackers to report potential security issues.

Q: Will there be a secondary marketplace that lenders can buy and sell loans from one another?

A: Lenders have the ability to buy and sell amongst themselves. Lender NFTs give exclusive access that allow lenders holding Lender NFTs to communicate and negotiate amongst themselves to buy and sell loans in a secondary manner.

Q: What tokens and digital assets are available on the BETA?

A: The platform is Built on Polygon, giving the user flexibility to on-ramp, swap or receive a solid variety of choices. 

• We will start with USDC wrapped on Polygon for Lenders to issue their loan funds in.
• This will provide for a much easier lending protocol for all involved in the smart contract.
• Our goal is to accept as many cryptocurrencies, tokens and NFTs as we can as collateral. Our first priority is to finalize a secure protocol to ensure customer security.

Q: What does Tradeshare Consist of?

A: Tradeshare consists of a number of technology modules that make up the Tradeshare ecosystem. The current modules consist of a Digital Asset International Exchange, a decentralized application and currently developing a lending protocol. 

• The Centralized exchange is KYC protected  & regulated for our international users.
• Features include a crypto exchange, where we have partnered with Shift Markets to provide our users with a Tradeshare dashboard to easily trade, hold and yield earnings. 
• We are in the development phase of building the “protocol”, a decentralized application or “dApp”, which will provide our users with a secure platform to lend and leverage ones’ cryptocurrencies, tokens and NFTs to get the funding they need today, without selling your assets or risking auto-liquidations.

Q: I’m not familiar with crypto so I’m nervous to learn something new, how easy is the interface?

A: Extremely simple user interface!

• Explore the powerful Centralized Exchange for an extremely simple user experience, without the stress of controlling or safe keeping your assets.

Q: Are you tired of centralization?

A: So are we! So we’re building the first peer-to-peer decentralized lending marketplace designed to empower the individual.

• Tradeshare is developing a decentralized protocol dApp (a fancy word for an app that does not have any central control or governance) to provide a better lending process for both sides.