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Transforming Farcaster's social graph into a credit network—one community loan at a time.
Traditional lending excludes billions of people who lack credit history, collateral, or access to banks. DeFi overcollateralization defeats the purpose of credit expansion. We're building a third path: reputation-backed lending that starts with trust and evolves to scale.
LendFriend proves that your network is your credit history, your reputation is your collateral, and your community is your underwriter. We start with pure altruism at 0% interest to gather behavioral data, then scale sustainably with algorithmic hybrid underwriting at socially-appropriate rates.
"Perhaps the largest financial value built directly on reputation is credit and uncollateralized lending. Currently, the Web 3 ecosystem cannot replicate even the most primitive forms of uncollateralized lending..."
— Vitalik Buterin & E. Glen Weyl, Decentralized Society: Finding Web3's Soul (2022)
Borrowers create loan requests with their funding goal, repayment terms, and business story. Your Farcaster identity and on-chain history serve as your reputation.
Friends and community members contribute USDC to support your loan. High-reputation lenders implicitly vouch for borrowers by funding them. All on Base L2 for low gas costs.
Borrowers repay on a fixed monthly schedule. All payments are on-chain and visible to the community. Lenders can claim their share as repayments come in.
We verify identity and assess trust using multiple reputation signals:
Q4 2025 - Q1 2026 • Bootstrap Phase
Pure community-driven lending with zero interest. This is intentionally altruistic to bootstrap trust, gather clean repayment data, and map social capital on Farcaster.
Research shows social signals alone reliably support loans up to ~$6,000 average. v1 focuses on $100-$5,000 loans to build trust while staying within proven bounds.
Q2 2026+ • Scale Phase
Layer in verified cash flow data to enable larger loans ($10k-$25k+) with socially-appropriate interest (0-5% monthly) vs predatory rates (10-30%). Automate underwriting using hybrid social + financial models proven in research.
We're following the proven path of Prosper, Branch, and Tala: start with social proof, gather behavioral data, then layer in cash flow signals for algorithmic scaling.
Studies show hybrid social + cash flow models achieve AUC ≈ 0.72-0.80 vs 0.65 for social alone, enabling larger loans while maintaining low default rates.
Our two-phase approach isn't experimental—it's proven by decades of fintech evolution:
Every successful fintech lender followed this path. LendFriend is doing the same—but on-chain, transparent, and community-governed.
All loans, repayments, and reputation scores are on-chain and publicly verifiable. No black-box algorithms.
Borrowers and lenders are real people in the Farcaster community, not anonymous wallets. Reputation matters.
We're not guessing—we're following proven fintech research and gathering real behavioral data to scale responsibly.
Built on Base L2 with USDC settlement. Gas costs are negligible (~$0.01-0.10 per transaction), not a barrier.
Smart contracts handle funds automatically. No intermediaries, no custodians, no counterparty risk.
Start altruistic (0%), gather data, evolve to sustainable (0-5%). Not extractive, not predatory—just fair.
A world where your reputation is your collateral, your network is your credit history, and your community is your underwriter.
We're building the infrastructure for reputation-backed credit that starts with pure trust and evolves to algorithmic scale—transparent, on-chain, and community-governed.
Phase 1: Bootstrap at 0%. Phase 2: Scale with algorithms.
We're just getting started. Help us prove that reputation-backed credit works.