Intro Social Borrowing Settled On Chain
What we’re not Enabling finance within your socal network We’re not a solution for generating yield
Opportunity / Problem Social Borrowing Solution Enabling people to pay for significant life expenses, hospitals, weddings, first car, first deposit on a house, education & university, Small business solutions, startup.
Using a social networking protocol, borrowers broadcast their loan request to their followers (with loan details in a content post) and followers may opt to respond by lending at the requested rate.
Our idea was to use a social networking protocol to publish loan requests to the network, and use on-chain functionality to allow followers to service those loans directly - unfortunately we struggled to overcome some issues with the protocol we were using and weren't quite able to fully bring this idea to fruition.