An ecosystem for bona fide LENDERS which allows people or companies to borrow money using their Digital Assets as collateral. A gap exists between traditional fiat lending and digital asset-based lending. The divide is marked by safe, long-standing, regulated lending practices on the one side, and highly specialized engineers with big ideas on the other. Our open-source, lending management protocols and vast traditional fiat lending experience bridges this gap.
Basic Collateralized Lending Protocols and Lending Browser based DaPP using one Asset Class.
Beta test Alpha of lending protocols in a closed environment
Additional Ecosystem Protocols such as Escrow, Uunderwriting, and Custodial Services
Initial Lending Ecosystem Partners officially introduce its lending platform based on Residual protocols based on market feedback and asset classes
Advanced Protocols such as Collateral Valuation and Loan Pricing. Valuation and Loan Pricing Servicing DApps using Protocols
The large, established lenders, banks, and other financial institutions are racing to develop blockchain solutions up and down the ledger and across the process landscape to drop lending costs, increase profitability and obtain market share. Our platform is strictly a way for traditional specialty finance companies to add-on a digital asset framework. It is designed for small to medium-sized lenders looking to realize positive ROI as it converts to a blockchain-supported model. There is nothing fancy about sound lending practices. Borrowers put tokenized digital assets up as collateral against loan proceeds. In turn, they can use those proceeds to purchase like amounts of other digital or traditional assets. If there are large cross-currency value swings or the borrower becomes delinquent, then our platform uses credit enhancement protocols to protect capital. The two main forms of credit enhancement is over-collateralization and capital calls. If currency aggregators or other interested parties enjoy the various aspects of Residual, then the protocols supporting our platform are open for everyone so that they may establish their own lending platform on the Residual framework. As part of this future state, the code for these protocols will be open sourced. We expect users to innovate, create and develop new uses for ecosystem tokens beyond what the Founders contemplate here. Perhaps additional video game assets or other virtual real property will be introduced as viable collateral for the lending platform. We are building an ECOSYSTEM ,not a Bank, Other platforms are either financing dating services for lenders and borrowers or looking to exchange currencies as part of a loan. Our borrowers pledged collateral sits in escrow/title agent custody, and serves the mutual benefit of lender and borrower. This condition remains the same until such time as the loan (and outstanding demands) is satisfied or the borrower fails to meets its obligations. Other platforms charge origination fees and use static pricing technology. Our fees are transaction based, episodic as needed by Lenders and adjustable to meet market conditions. Most importantly is the background of the Founders and Advisors. Other digital asset-backed lending platforms involve combinations of digital asset experts and former investment bankers or Wall Street types. We are consumer lending experts and fashioned protocols around standard, tried and tested lending models.
Howard and Ryan met while both involved in the financial industry in the Charlotte, North Carolina area and have known each other in a professional capacity for almost 16 years.
Ever changing and worldwide regulatory risk, especially in the USA. Better funded and better executing startups, Increasing negative view of Token Sale and Cryptocurrency industry affecting overall price of all cryptocurrencies. We poorly execute and get distracted and run out of money. Lack of velocity around tokenizing digital assets affecting ability to provide collateralized lending.