🏦 Recurse Center Loans

balance-io / balance-manager

A tool to manage your wallets

https://manager.balance.io

GNU General Public License v3.0

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🏦 Recurse Center Loans #358

Open ricburton opened 6 years ago

ricburton commented 6 years ago

rc-loans

Idea for student loans running on Dharma.

Authenticate future students using Recurse Center OAuth API: https://github.com/recursecenter/blaggregator/blob/master/home/oauth.py

Allow them to borrow $DAI from the student loan pool.

Give them address and interface to pay back what they owe if they want to pay if forward.

Initial design: @ricburton Smart contract: @haydenadams API integration: @jinchung Final design: @christianbaroni Interface: @mikedemarais

ricburton commented 6 years ago

From Nick:

We don't use the word "students". Instead, we say "participants", "Recursers", or "alums" (depending on context).

Other than that, looks good!

Also, our API docs are here: https://github.com/recursecenter/wiki/wiki/Recurse-Center-API (you have to have authenticated with GitHub on your RC profile and be logged into GitHub for that link to work).

https://www.recurse.com/settings/general#github

ricburton commented 6 years ago

Good discussions with Vitaly (Bloqboard) and Sid/Nadav (Dharma) on unsecured underwritten loans. My notes:

Bloqboard need some time to work out the regulations.
This probably requires a custom UI for it to work niceley.
As a first pass: applying for and funding the loans on Balance.
This will need some custom user interface work to make it happen.
The smart contracts have the concept of underwriting but the API doesn't.
Dharma are going to talk about how to prioritise this.
It would be really cool to have a working prototype for this by Devcon (0ct 30)
Buying a part of a loan would be really cool. So people could chip in.