We have the vision to reduce inequality in India first and then other developing countries, helping unbanked realize their dreams through no-interest micro-loans built on the Solana blockchain.
With Dassi we will grow the crypto community from the outside by building credit-score for the unbanked and at the same time help our communities. As those communities grow with Dassi, will be their choice of banking application.
Highlights
Lenders
Lenders provide capital that is used by Dassi. Capital is aggregated through pools that are focused on geographic areas or specific issues.
Borrowers
Borrowers can request a loan based on their on-chain credit score as well as the guarantor that is willing to guarantee the loan. Initially for borrowers without a credit score key stakeholder will be a guarantor.
Guarantors
Can guarantee loans to the community by staking Dassi tokens. For each loan that is being repaid properly guarantors additional receive yield in Dassi token, on the other hand for each loan that is not being paid stake for a guarantor is slashed.
Initially, the Dassi protocol will be a centralized product where the team controls the initial list of pools and the number of loans that can be committed to a cause. Over time the protocol will transition to the community as the distribution of the token becomes sufficiently decentralized. For that reason, the Dassi token is primarily a governance token that is used by the community of guarantors, borrowers, and lenders to decide how the community will grow.