RE: Pushing decentralized Finance with peer-to-peer lending. by cloudspyder

Viewing a response to: @hatu/pushing-decentralized-finance-with-peer-to-peer-lending

blockchain · @cloudspyder · Apr 17 '19

$0.11

What if the lendee run away and hide.

👍 hatu, reazuliqbal

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@hatu · Apr 17 '19 (edited)

$0.07

That's why it'd be best to issue collateralized loans.
In my view, any p2p loan should only be given when it's over-collateralized.

👍 hatu

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@oivas · Apr 17 '19

$0.03

Collaterals for P2P loans would unfortunately make them as good (or bad) as real world loans. Maybe the interest is lesser but the real world dynamics of needing to trust plays a role. So trustless goes for a toss.

On the other hand, if we think of using blockchain tokens or coins as collateral then we end up limiting the participation. Since the players who already have tokens or coins will find it easier to get loans.

So a mid way has to be found.

Posted using [Partiko Android](https://partiko.app/referral/oivas)

👍 smallearth

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@mojtaba69d · Apr 18 '19

please follow

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@finnian · Apr 17 '19 (edited)

$0.03

You could also have a structure like Prosper.com and Lendingclub.com, and the investor only invests a small amount in each loan.  That way the minority that default don't stop you from making a profit over all.  Banks figured that out long ago that most people pay their debts back.  Therefore, you invest in multiple loans at a high enough rate, and that high enough rate makes up for the defaults.

👍 smallearth

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