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Title: [NEW] Lending pool - Concept, feasibility and discussion. Post by: ndnh on February 24, 2015, 07:23:15 PM I am thinking of a concept like this.
We make deposits to an address when we have spare funds. There will only be one address probably of Coinbase Vault. We will also need one hot wallet for quick transactions of limited amounts. We will pool deposits and give interest rate of say 0.25% to 0.5% a day regardless of whether the amount is lend or not. We will give secured collateral loans for 0.75% or more interest a day which is cheaper than most of the rates here. 125% liquid collateral mandatory. Then we can also use an escrow to hold a specific sum for a guarantee that we will not run away with it or something? There will be a period of 3 days before a depositor will be able to get his funds back. Is the concept feasiable? Will anyone be interested in this? Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: jorjito25 on February 24, 2015, 07:27:14 PM I am thinking of a concept like this. Looks good!We make deposits to an address when we have spare funds. There will only be one address probably of Coinbase Vault. We will also need one hot wallet for quick transactions of limited amounts. We will pool deposits and give interest rate of say 0.25% to 0.5% a day regardless of whether the amount is lend or not. We will give secured collateral loans for 0.75% or more interest a day which is cheaper than most of the rates here. 125% liquid collateral mandatory. Then we can also use an escrow to hold a specific sum for a guarantee that we will not run away with it or something? There will be a period of 3 days before a depositor will be able to get his funds back. Is the concept feasiable? Will anyone be interested in this? Im with u in this. Let me read it again. Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: jorjito25 on February 24, 2015, 07:30:32 PM And who will take the decission to loan or not to loan?
Who will have acces to the wallets? How many of us will participate? Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: ndnh on February 24, 2015, 07:34:25 PM And who will take the decission to loan or not to loan? Who will have acces to the wallets? How many of us will participate? 1. Well the person who is operating it. We can have multiple people in for security. :) 2. All the lending pool operators. http://i.gyazo.com/f184666505a8913a0f752aefecafc218.png 3. Open to all. The depositing address could be used for reference in case the identity is not known and is an external user. Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: Quickseller on February 24, 2015, 07:34:49 PM Sounds like a bank to me.
Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: ndnh on February 24, 2015, 07:36:50 PM Sounds like a bank to me. Yeah, on reading it again, it indeed sounds like a bank, lol :P Just asking, will this have any legal or tax implications? Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: jorjito25 on February 24, 2015, 07:40:07 PM I like the idea, how to ensurance the funds?
What happen if somebody just steal the wallet? Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: ndnh on February 24, 2015, 08:03:06 PM Mod moved it to Project Developent! My first post in the board :D
I like the idea, how to ensurance the funds? What happen if somebody just steal the wallet? A portion will be covered by escrow in the least. Vault is difficult to steal, I think. 48 hours for a withdraw, multiple approvals and stuff. If most of the funds are lend out, our risk will be lower. Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: jorjito25 on February 24, 2015, 08:06:33 PM Mod moved it to Project Developent! My first post in the board :D I like the idea, how to ensurance the funds? What happen if somebody just steal the wallet? A portion will be covered by escrow in the least. Vault is difficult to steal, I think. 48 hours for a withdraw, multiple approvals and stuff. If most of the funds are lend out, our risk will be lower. Ok looks good! Multiple approvals means that more than one person has to accept the transfer? Ok then we should make a list with the people that will be involved. .. Title: Re: [NEW] Lending pool - Concept, feasibility and discussion. Post by: ndnh on February 25, 2015, 05:18:24 PM The project will kick start in a few months.
Locking this thread for now.. |
