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Reputation DAO: Would you give up privacy for unsecured loans in DeFi?

The platform intends on leveraging users’ personal financial information such as credit score and AML/KYC to help reduce the collateral needed to take out a DeFi loan.
An ambitious new decentralized autonomous organization (DAO) has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a loan.It has partnered with Chainlink and that protocol’s founder Sergey Nazarov is an early backer.Users of Reputation DAO will have traditional financial data such as anti-money laundering and know-your-customer (AML/KYC), credit scores and banking data tied to their account. The data is designed to help ease friction in obtaining a loan from a decentralized platform, but raises questions about security and the principles of zero-knowledge lending.The Reputation DAO team told Cointelegraph its connection with those traditional financial authorities is “cri

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We współpracy z: https://cointelegraph.com/news/reputation-dao-would-you-give-up-privacy-for-unsecured-loans-in-defi

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