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Borrowly

Borrowly is a fully uncollateralized debt protocol that allows people to borrow funds from their social network, effectively staking their reputation against the loan

Screenshots

Borrowly screenshot 1
Borrowly screenshot 2
Borrowly screenshot 3

Problem Statement

Intro Social Borrowing Settled On ChainWhat we’re not Enabling finance within your socal network We’re not a solution for generating yieldOpportunity / 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.

Solution

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.

Hackathon

ETHGlobal Lisbon

2024