Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by xur17 on Tuesday May 22, 2018 @03:16PM (#17128608)

This looks really neat! - I was talking to a friend about something similar to this a few weeks ago.

It looks like you'd need to trust the counterparty right now unless they put up substantial collateral. Do you intend to add something similar to a credit rating / history to make it possible for random strangers to lend to each other? Or do you have other ways to handle this?

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by nahollander on Tuesday May 22, 2018 @03:20PM (#17128639)

Thanks for the kind words!

In the short-term, as you correctly alluded to, we're focused on loans that are fully-collateralized on-chain. In the future, however, we hope to integrate trusted third-party underwriters into the network in order to open the door for unsecured loans. There are many technical / game theoretic challenges to be solved on this front, though, so we've included unsecured loans as an "experimental" feature set in this initial release.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by xur17 on Tuesday May 22, 2018 @03:21PM (#17128654)

Is a public marketplace in the works? Right now you have to paste a json string from the counterparty.

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Re:Launch HN: Dharma (YC S17) an open protocol for borrowing... by nahollander on Tuesday May 22, 2018 @03:25PM (#17128686)

Yup -- there are several. The most mature relayer project on Dharma we're aware of is Bloqboard (bloqboard.com), though I believe they are not ready to launch on mainnet quite yet.

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