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Zero Collateral


CLR MATCH ROUND 5

0 DAI

FINAL AMOUNT

ROUND 5

8 DAI
3 contributors

Your contribution goes a long way!

1 DAI contribution

+ 1 DAI match

10 DAI contribution

+ 1 DAI match

100 DAI contribution

+ 3 DAI match

1,000 DAI contribution

+ 5 DAI match

Next update : 1Ā month, 2Ā weeks ago | Last updated : 1Ā month, 2Ā weeks ago

Description

{"ops":[{"attributes":{"bold":true},"insert":"Zero Collateral - Undercollateralized DeFi Loans"},{"insert":"\n\n"},{"attributes":{"bold":true,"color":"inherit","link":"https://zerocollateral.com/"},"insert":"Zero Collateral Protocol"},{"insert":"Ā is an unsecured/undercollateralized lending market on the Ethereum blockchain.\n\nBorrowers must only maintain collateral equivalent to the value of the loan minus the amount of total interest paid from all previous loans. With frequent loan repayments, the required collateral needed for borrowing eventually drops toĀ "},{"attributes":{"bold":true},"insert":"zero"},{"insert":".\n\n"},{"attributes":{"bold":true},"insert":"The Big Picture"},{"insert":"\n\n"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"Total global accumulated debt accounts forĀ "},{"attributes":{"bold":true,"color":"rgba(0, 0, 0, 0.84)","link":"http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/"},"insert":"$215 Trillion in assets"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":", with $70 Trillion added just in the last decade alone, andĀ "},{"attributes":{"bold":true,"color":"rgba(0, 0, 0, 0.84)","link":"https://research.stlouisfed.org/publications/economic-synopses/2017/02/17/secured-and-unsecured-debt-over-the-business-cycle/"},"insert":"unsecured debt accounting for over 80% of the total debt"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"."},{"insert":"\n\n"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"The need for unsecured and undercollateralized loans is widespread. In America alone, more than "},{"attributes":{"color":"rgba(0, 0, 0, 0.84)","link":"http://www.pewtrusts.org/~/media/assets/2015/07/reach-of-debt-report_artfinal.pdf"},"insert":"80% of the population owes debt"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":", "},{"attributes":{"color":"rgba(0, 0, 0, 0.84)","link":"https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html"},"insert":"58% have less than $1,000"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":" in their bank account, and millions are "},{"attributes":{"color":"rgba(0, 0, 0, 0.84)","link":"https://www.cnbc.com/2019/05/23/millions-of-americans-are-only-400-away-from-financial-hardship.html"},"insert":"$400 away from the need to borrow unsecured debt"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"."},{"insert":"\n\nThe emergence and development of decentralized technology has potential to remove centralized financial custodians. DeFi (ā€œDecentralized Financeā€) protocols, such asĀ "},{"attributes":{"color":"inherit","link":"https://compound.finance/"},"insert":"Compound Finance"},{"insert":"Ā andĀ "},{"attributes":{"color":"inherit","link":"https://makerdao.com/"},"insert":"MakerDAO"},{"insert":",Ā "},{"attributes":{"bold":true},"insert":"enable borrowers to redeem a loan without borders, censorship, or discrimination"},{"insert":".\n\nAs most DeFi loans to-date are secured, platforms require over-collateralization ā€” obligating the borrower to already hold assets greater in value than the value of the loan. This constraint results in a ceiling on the market adoption of DeFi, thus cutting outĀ "},{"attributes":{"bold":true},"insert":"80%+"},{"insert":"Ā of businesses and individuals who borrow unsecured debt.\n\n"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"Current use cases of decentralized loans areĀ "},{"attributes":{"color":"rgba(0, 0, 0, 0.84)","bold":true},"insert":"limited"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"Ā to leveraged trading and prevention of crypto asset liquidation. In order for the industry of decentralized lending to proliferate and grow, borrowersĀ "},{"attributes":{"color":"rgba(0, 0, 0, 0.84)","bold":true},"insert":"need access"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"Ā to a decentralized market of unsecured and undercollateralized debt."},{"insert":"\n\n"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)","bold":true},"insert":"Explore Zero Collateral"},{"insert":"\n\nšŸ¤“Read More (Medium). "},{"attributes":{"link":"https://medium.com/fabrx-blockchain/meet-zero-collateral-dcfe27fb3a2d"},"insert":"Meet Zero Collateral - Undercollateralized DeFi Loans"},{"insert":"\nšŸ“°Read More (DeFi Rate). "},{"attributes":{"link":"https://defirate.com/zero-collateral-loans/"},"insert":"Introducing Zero Collateral Loans - DeFi Rate"},{"insert":"\n"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"šŸŽ®"},{"insert":"Try the Platform. "},{"attributes":{"link":"https://zerocollateral.com/"},"insert":"Zero Collateral Platform"},{"insert":" \nšŸ”ŽCheck the Contracts. "},{"attributes":{"link":"https://github.com/rbcp18/zero-collateral-v1"},"insert":"Zero Collateral Github"},{"insert":"\n"},{"attributes":{"color":"rgba(0, 0, 0, 0.84)"},"insert":"šŸ¦"},{"insert":"Follow Zero Collateral on "},{"attributes":{"link":"https://twitter.com/Zer0Collateral"},"insert":"Twitter"},{"insert":" \n"}]}

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