Live.Fluid

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Problem Statement

ProblemProperty rental is messy in traditional finance with legal, human resources and financial overheads.Digital nomads often do not have conventional proof of employment. And they are underserved with severe renting deposit and credit requirements.SolutionLive.fluid comes about as we run HomeDAO, a global hacker house movement for Web3 builders. We are international students studying in the UK and experienced the capital and human ineffiencies of renting process.DeFi simplifies human complex procedures with code and reduces costs. Our target user segment, crypto-native users, are tech savvy and early in career (lower disposable income). DeFi can translate cost savings into cheaper rent and better UX for users.Live.Fluid is a mission to form real-world networked communities, powered by its financial OS for smooth home rental payments.Proof of Income & Rent Now, Pay LaterWe start with allowing renters to stream their rent to landlord over their tenancy (i.e. each day, or even each hour), allowing flexible rental contractSuperfluid inflow stream suffice as Proof of IncomeTarget users: self-employed non-salaried workers i.e. freelancers, consultants, Web3 bounty huntersRent-backed Security (RBS)Bundle cash flow agreement (in Superfluid’s terms, ‘cfa’) by renter profileDistribute risk to capital marketsAllow landlords to receive rent lump-sum upfrontBring uncorrelated yields to DeFiRental Gurantee Insurance (RGI)Pooled guarantors: Traditional single guarantor is replaced with diversified pools of guarantors drawn from your social network (powered by Lens). Reduced risk increases speed to secure a home.Social guarantors obtain DeFi staking yield and guarantor insurance premium earning APY whilst helping others in their community.Putting insurance collateral into earning yield passes to renter paying lower premiumNFT Co-signing & sub-letting:DAOs can secure properties for their community membersProfits are redistributed to NFT-owners. This allows entrepreneurs and community builders to capture the value of the IRL communities they build. Co-working spaces to networked hacker houses.About usLive.fluid are made by Alex Groves and Jack ChongAlex Groves is the founder of HomeDAO - creating a network of hacker homes to provide physical layer for the Web3 movementJack Chong is building Frigg - powering sustainable energy by bringing green bonds to DeFiThrough HomeDAO, Frigg and Live.fluid we will power the formation of Balaji’s network state and create a new golden age for science, discovery and innovation.

Solution

We use Superfluid to power cash flow agreement between renter, underwriter and landlord. On our roadmap, we will integrate with Lens to pull social graph, and deploy underwriter funds to Element.fi for fixed rate return. We will also encode each CFA as a NFT but with more composable standards on top so that each rent backed security is more tradable and liquid.