cryptonative Credit, Debt Marketplace for DAOs and Defi protocol
what’s a debt marketplace? I can buy ‘debt’?
The borrower with on-chain revenue can fund their operations through loans backed by their revenue. ⇒ so not real collateral like AAVE?
borrower is paying interest even if they haven’t drawn down any actual debt ⇒ charging fRate
should be below dRate
Arbiter is a neutral third party that mediates conversations between all Lenders and the Borrower.
The Arbiter can declare a borrower INSOLVENT if there is no collateral left in the collateral Escrow or in the Spigot
[ ] Escrow and Spigot (mud lun yeh??)
[ ] oracle sources
Escrow: add and remove Collateral