Company Information

Get to know Everlend Inc

Everlend was a decentralized finance (DeFi) protocol developed on the Solana network, designed to provide money market services like lending and borrowing. Its mission was to offer a flexible and efficient platform for users to earn interest on their crypto assets or take out loans against them. However, in February 2023, the team announced the difficult decision to shut down the project, citing a lack of market fit and significant liquidity challenges within the Solana ecosystem following the collapse of FTX, which made it unfeasible to continue operations. The platform was placed in a permanent withdrawal-only mode to allow users to retrieve their funds.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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Everlend Inc

Name: Everlend Inc
Address: UG

Uganda

Founded in

2023 (3 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.