Lesson 47 of 1,000 · Crypto Is A Peer-To-Peer Ecosystem
#47 Utilities Of Crypto You Have Never Heard Of
From the history of financial transactions to social ones, surprising uses of crypto far beyond trading and speculation.
Video being filmed
The unedited walkthrough for lesson 47 is not on the shelf yet. Read the lesson notes below in the meantime.
Do it now
- SolutionNo credit history? How crypto lending worksDeFi lending never asks for a credit score: on Aave you borrow against collateral you already hold, so you keep your savings and still get cash. With nothing to pledge yet, start an onchain record of references and repayments people can check. Borrow far below the limit. Skip these: borrowing what you cannot repay.
- UnlockBorrow against crypto you already hold, no credit checkAave lends against collateral you deposit, so no credit score is asked for. You must deposit more than you borrow, and the collateral is sold automatically if its value falls too far.
- SolutionProve work history without referencesYour past clients can vouch for you in one click with an attestation on EAS that anyone can verify forever, and offchain ones are free. Keep work samples permanently on Arweave. Primus Labs can prove a fact from a website, like a payout history, without showing your login.
- SolutionProve income without payslipsYour platform payouts can become a landlord-ready proof without sharing a password. Primus proves one fact, like a monthly payout total, straight from the site you log in to. Add signed references from clients on EAS, and point to a public stablecoin income history if you have one.