Hey, Everyone
I am new to this forum, but I am working on a system that has crossed my mind lately. What is it you might just ask?
It's a way where any person can use their Digital Assets/Digital Currency as Collateral/borrow against and be issued loans in the form of Stablecoins
I need some people to come with me and co-found this project, and make a whitepaper with me; this can revolutionize the Crypto Industry. This is a project I have been working on deeply and something god has put on my mind and heart to make
Who's with me?
also just another idea to make you think........... "Trustless Credit."
That's all I'm going to say
- Tyler
| Thinker, Innovator, and TrailBlazer |
The idea of using digital assets as collateral for stablecoin loans is definitely interesting, but it’s also worth noting that this space is already very competitive. Platforms like Nexo, Aave, MakerDAO, and others are already offering variations of crypto-backed lending, so any new project would need a very clear differentiation to stand out.
If you’re serious about building this, a strong whitepaper, clear trust model (especially around “trustless credit”), and a realistic approach to regulation, risk management, and liquidation mechanisms will be critical. Many projects fail not because the idea is bad, but because execution and risk controls aren’t thought through early enough.
It might help to clearly explain what would make your system different from existing solutions and why users would switch. That clarity will also make it easier to attract the right co-founders.
Best of luck with the project.