[NEW] Lending pool - Concept, feasibility and discussion.

[ndnh]

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?

[1714780089]

1714780089

[1714780089]

1714780089

[1714780089]

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[jorjito25]

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?

Looks good!
Im with u in this.

Let me read it again.

[jorjito25]

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?

[ndnh]

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.

3. Open to all. The depositing address could be used for reference in case the identity is not known and is an external user.

[Quickseller]

Sounds like a bank to me.

[ndnh]

Sounds like a bank to me.

Yeah, on reading it again, it indeed sounds like a bank, lol

Just asking, will this have any legal or tax implications?

[jorjito25]

I like the idea, how to ensurance the funds?
What happen if somebody just steal the wallet?

[ndnh]

Mod moved it to Project Developent! My first post in the board

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.

[jorjito25]

Mod moved it to Project Developent! My first post in the board

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. ..

[ndnh]

The project will kick start in a few months.

Locking this thread for now..