nahollander

7 ms·

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Dharma Lever – Borrow and Lend Crypto-Assets on Margin. Instantly(lever.dharma.io)
2 points by nahollander 8y ago|0 comments
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Show HN: Earn Passive Crypto Income as a Dharma Relayer(relayer.dharma.io)
4 points by nahollander 8y ago|0 comments
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by nahollander 8y ago
The collateral can be any other asset that is represented by a cryptographic token. Right now, few crypto-assets map to real world assets in some capacity, but we're willing to make a bet that this will change faster than most expect.
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by nahollander 8y ago
The collateral is held in a smart contract -- if the borrower disappears and fails to make a repayment, his collateral becomes eligible for seizure.
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by nahollander 8y ago
This happens quite regularly in the world of margin trading. Imagine the following: 1. I own ETH, and want to hold my ETH position so I can enjoy price increases, but I need liquidity to live my day to day life and, well, it's hard to
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by nahollander 8y ago
In the current implementation / use cases we're focused on, your collateral, which is held in a smart contract, would become eligible for seizure by the lender.
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by nahollander 8y ago
Thank you! :) We've pretty deliberately opted out of baking jurisdiction-specific protections (be they KYC / AML, accreditation, etc.) into the protocol insofar as we really want this to be a universal standard that's jurisdi
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by nahollander 8y ago
Beat me to the reply :) Indeed, even with a fixed supply token, a borrower would simply have to come across the necessary amount of principal + interest in the loan term.
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by nahollander 8y ago
Yes -- two parties are permitted to lend money to one another in a mutually agreed environment. It's important to note, though, that developers who build end-user applications on top of Dharma ought to be cognizant of lending regulati
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by nahollander 8y ago
Thank you for pointing this out -- I've flagged our team and we're looking into it.
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by nahollander 8y ago
Yup -- there are several. The most mature relayer project on Dharma we're aware of is Bloqboard (bloqboard.com), though I believe they are not ready to launch on mainnet quite yet.
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by nahollander 8y ago
Thanks for the kind words! In the short-term, as you correctly alluded to, we're focused on loans that are fully-collateralized on-chain. In the future, however, we hope to integrate trusted third-party underwriters into the network i
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by nahollander 8y ago
Thank you! Glad to hear that you enjoyed the tutorial. There are numerous ways in which Dharma debt agreements can interface with insurance contracts: 1. We've already seen some members of our developer community working on trustless
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Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets
184 points by nahollander 8y ago|162 comments
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Announcing Dharma Protocol Bug Bounty: Earn Up to 50k USD for Critical Exploits(blog.dharma.io)
2 points by nahollander 8y ago|0 comments
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Dharma Plex – An Open-Source Tool for Borrowing / Lending Cryptoassets(plex.dharma.io)
2 points by nahollander 9y ago|0 comments
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Dharma Community Update: Dev Update, MIT Bitcoin Expo, Citi Future of Innovation(blog.dharma.io)
1 points by nahollander 9y ago|0 comments
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by nahollander 9y ago
Debt agreements aren't required to be underwritten in every instance -- it's an entirely optional addition. If you want to see an example of a debt agreement in which there is no underwriter or middleman and collateral is trust
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by nahollander 9y ago
For points 1 and 2, it's no secret :) See for yourself: https://whitepaper.dharma.io For point ,: you're correct in that we (as in the crypto community in general) have yet to come up with good on-chain governance mech
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by nahollander 9y ago
@kang -- while I don't disagree that there's no shortage of snake oil and hand-waving in the blockchain industry ("Blockchain for X! Huzzah!"), I do disagree with your point about whether there is an efficiency gain to
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by nahollander 9y ago
In all seriousness, this isn't a _totally_ unreasonable proposition -- Vitalik proposed an interesting route for creating stable tokens using baskets of debt obligations in a CDO format: https://ethresear.ch/t/coll
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by nahollander 9y ago
Hey HN! We're the team behind Dharma protocol, building the infrastructure for the tokenized debt agreements on the Ethereum blockchain. In this code school, we teach you how to build a loan collateralized by a CryptoKitty. We hope yo
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Show HN: Collateralized Debt Agreements Using Smart Contracts and Virtual Cats(dharma.io)
97 points by nahollander 9y ago|57 comments
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Dharma (YC S17): An open protocol for generic, tokenized debt agreements(blog.dharma.io)
2 points by nahollander 9y ago|0 comments
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Dharma Labs (YC S17) is hiring employee #1 to build blockchain debt protocol(dharma-labs.workable.com)
1 points by nahollander 9y ago
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by nahollander 9y ago
Re: FV -- I admittedly have a surface level understanding of the entire subject matter. If you have any good primers and / or resources, I'd love to hear them. re: Pact -- sounds super cool. I look forward to reading the white p
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by nahollander 9y ago
Not necessarily. I think a great example of something that smart contracts enable in a lending scheme is built-in secondary market functionality. A lot of marketplace lending platforms have built in proprietary secondary markets, but none
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by nahollander 9y ago
Exactly. Tala's a great analogy insofar as developing world microfinance faces a lot of same challenges Dharma will likely encounter -- namely the lack the of legal recourse for defaults.
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by nahollander 9y ago
Not as of yet, but I'd definitely be interested in exploring the possibility. If you know of any good resources or primers on those, please do send them my way.
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by nahollander 9y ago
I think the problems you're alluding to are problems with the blockchain ecosystem in general, and I don't purport to have a silver bullet to solve the inherent issues with immutable software deployments, particularly in financial

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