Divine Research Issues Unbacked Crypto Loans Using Sam Altman’s World ID
Divine Research has introduced a novel lending model in the decentralized finance (DeFi) sector by offering $30,000 unbacked crypto loans secured through Sam Altman’s World ID, a decentralized identity verification protocol. This initiative eliminates traditional collateral requirements, relying instead on a synthetic identity verification system to assess borrower eligibility. By leveraging blockchain-based identity metrics, the platform aims to democratize access to capital for users, particularly those in underserved regions lacking traditional financial infrastructure [1]. The loans are structured to streamline the lending process while enhancing privacy, as World ID’s non-custodial framework ensures sensitive data remains…
