Viewing profile — bpforster24

Ha, you're right, sorry. We think we'll be able to sell value added services to our ecosystem (for example, consulting services, insurance, data feeds, etc.). We will also investig…

Even if you 100% collateralize, you can get 2x leverage. That leverage can be applied to all sorts of use-cases, but we think one of the main ones that will be common today is spec…

Censorship resistance is a big factor - since no one entity controls the Ethereum blockchain or smart contracts that have been deployed to Ethereum, there is no way to shut down th…

Are you using a web3 browser? Chrome+metamask, cipher, toshi, brave, etc.

We discuss our business model a bit in this blog post: https://blog.dharma.io/dharma-isnt-currently-doing-a-token-s... Happy to discuss more, but that's a good start

Dharma Protocol doesn't require that the value of collateral be greater than the principal of the loan, but we do expect the market will demand full- or over-collateralization.

I'd recommend reading this blog post we put out. It explains better than I can in a short comment: https://blog.dharma.io/dharma-an-open-protocol-for-generic-t...

Similar to the question about SALT and EthLend, these are both applications. See our answer there fore more details. Re. MakerDao, they offer one type of loan, the Collateralized D…

Right now we expect most loans will be fully collateralized by other crypto-assets. So the default deterrence would be that if you don't pay back your loan, you lose your collatera…

EthLend and SALT are both lending applications. While we have created a lightweight lending app in Dharma Plex, our core offering is Dharma Protocol. Dharma Protocol is a suite of …

One way or another, the borrower has to come up with the principal + interest or they will forfeit their collateral. So they will want to use the loan in some sort of income genera…

Yeah that's essentially right. The only modification I'd make is in your last step, what'd you need to do is buy back the magic bean coins (because you owe them to someone else). S…

I work at Dharma with Nadav and am happy to shed some light here. Your point is well-taken and definitely a risk. What lenders plan to do, for loans collateralized by crypto, is ov…

I'm on the Dharma team with Nadav, and happy to shed some insight here. So we think a really interesting use case in the short term is margin lending of crypto assets. Say you have…

Your first point is well taken - without some sort of identity layer on the blockchain to create either social or reputational accountability, unsecured loans probably will not flo…