Enable

Enable is a “Kiva for Dai” that allows lenders to make peer-to-peer stablecoin microloans to emerging market borrowers. Our first product is a peer-to-peer crowdloan kit/v0.1-specs.md).

We are an open source volunteer project that grew out of the open finance hackathon in May 2019. We are currently funded by a 3-month grant from Binance Labs.

This repo is mainly for project management and product-related discussions. See our workstreams for development work.

Mailing List: https://www.enable.credit

Team

• Thomas Spofford, @tspoff (USA)
• Anthony Adegbemi, @adibas03 (Nigeria)
• Faisal Amir, @urmauur (Indonesia)
• Daniel Onggunhao, @onggunhao (Singapore)

Workstreams

In line with the open source ethos of decentralized finance, we are committed to building in public. See the contributor instructions in the individual repos.

| Workstream | Github | Contributor Instructions | | -------------------------- | --------------------------------------------------------- | ----------------------------------------------------------------- | | Enable Crowdloan Contracts | repo | instructions | | Enable Crowdloan UI | repo | instructions | | Proof-of-concept fundraise | Ines Fund | |

Roadmap

Phase 1 (June - Aug 2019)

• Single-loan peer-to-peer crowdloan kit/v0.1-specs.md)
• Proof-of-concept fundraise: raising 60,000 Dai for Ines (Indonesia) to attend Cornell University

Phase 2

• Open to ideas - debt tokens, collateralized loans, interest rate auctions, social credit

About Enable

Value add

Enable makes use of smart contracts and stablecoins to automate the operations required to do a cross-border peer-to-peer loan.

| | Status Quo | Enable Loan Contracts | | ------------------ | -------------------------------------------------------------------------------------------------------------- | -------------------------------------------------- | | Cross-border Costs | Incurs forex, transfer and bank fees as it goes through the cross-border banking system | $0, uses stablecoins | | Accounting Effort | Team of diligent accountants required to manage fractional loan ownership and allocation of repayments streams | 0 headcount, automated through smart contracts | | Transparency | Loan repayment data is usually opaque or subject to time delays | Fully transparent ledger | | Composability | Investment bankers, auditors, legal contracts required to package it into derivatives (e.g. bonds, CLOs) | Fully programmable smart contract |

Future Directions

• Debt Tokens
• Marketplace
• Collateralized loans: identity-collateralized loans
• Sophisticated loan types: PMT
• Sophisticated payment tracking
• interest rate auctions
• Derivative products (e.g. collateralized loan obligations) to try to create investment-grade products