 Both Lending Club and Prosper formed partnerships with FOLIOfn to create a secondary market for their notes, providing liquidity to investors.Lending Club had a voluntary registration at this time, whereas Prosper had mandatory registration for all members.This addressed the liquidity problem and, in contrast to traditional securitization markets, resulted in making the loan requests of peer-to-peer companies more transparent for the lenders and secondary buyers who can access the detailed information concerning each individual loan (without knowing the actual identities of borrowers) before deciding which loans to fund.