INLOCK

Inlock is a lending platform where users can take out stable coin loans by using their cryptocurrencies as collateral. Institutional lenders provide the necessary funds, the platform itself holds no liquidity. Customers can use Inlock's service by holding & spending ILK tokens, an ERC20 based utility token. Most of the platforms roles are outsourced, with separate entities providing loans, managing collateral, and connecting borrowers with lenders.