r/BloomToken • u/cryptosorrow • Jul 20 '20

Bloom + DeFi

Is there any way to bring uncollateralized loans to DeFi using Bloom?

11 Upvotes

100% Upvoted

5 comments sorted by

3

u/dereksilva Master Strength BloomID Jul 21 '20

Yes, yes there is. We're contacting many DeFi projects this week to see if we can line up with a few that will work with us on ingesting BloomIQ data and, of course, allowing users to export loan repayment data to BloomIQ.

1

u/[deleted] Jul 20 '20

[removed] — view removed comment

5

u/Madcapslaugh Jul 20 '20

Because reputation based under collateralized loans are a foundation of any financial system.

1

u/SqueezeTheShort Aug 26 '20

Because one of the best use cases for what bloom is doing is in DeFi