Market Discussions

Hi all,

I just wanted to see what appetite is there for building a P2P secured
lending platform within the Eve world.
I work for one in real life and think it could be replicated within Eve, my main concern is the appetite.

It would work in two phases

Phase one - Borrowing only:

- Borrower needs money and contacts the platform (me for now)
- Borrower needs say 200m ISK to upgrade to a Battleship for example, and can provide a guarantee of at least 285m ISK in unused items (70% Loan-to-value using evepraisal)
- Borrower pays every month 20m ISK (10% of the loan)
- When borrower manages to put aside the whole 200m ISK, then items will be returned

(other option would be to lend at 100% loan to value, so the guarantee would be the same as the amount lent, however in that case the rate would be higher)

Phase two - Borrowing and lending:
- As above for the borrowing side, plus
- Lenders can invest in the fund at an 8% rate, the platform takes 2% to cover running costs

now I would start doing it with a couple of billions.

If anybody is interested in borrowing for phase one, please PM me with the amount you'd like to borrow and the evepraisal guarantee you'd like to provide, if working this can be moved to a lower touch process using contracts.

Thanks,
Gillian

Hi Bad Boddy,

I am planning to lend my own money at 10% initially, with collateral.

Once the operation is off the ground and gained more data and a stronger track record I would open it up to other people who want to invest.

For now I am just seeing if somebody is interested in having money lent.

What I meant is that if the total interest is 10%, I would retain 2% and provide to other investors 8% to cover the cost of running the system :)

I was thinking to use eve-praisal as a basis. Thoughts on that? :)

That's all perfectly viable.

You need to create a new thread with a title that clearly states what you are doing (i.e. "Small Loans Available Here") with a clear and concise pitch in the first post. Don't invite discussion, don't include any "maybe in the future I will" or anything like that. Then you'll need to put the link to that thread out there in-game, because the footfall in this forum section is pathetic and you're unlikely to get much passing trade.

You may want to put the thread in the Sell Orders section, it gets more activity than here and discussion isn't allowed.


I've been out gardening all day, so he's probably not wrong.


For small loans, I don't think a 3rd party will be viable on his outgoing loans. He would end up spending all his income on T3P fees. If he keeps the collateral to loan value close enough, then the risk to either party should be manageable.

For incoming loans, to fund the operation, then a 3rd party would probably be mandatory. I'm sure myself or one of the other regulars would put up the funding and I don't think anyone would be realistically expecting 8%, if the loan is small maybe 4%, if the loan is large then the usual 2% would apply.


It's a good way to quickly check something, or to help potential customers evaluate their own collateral before you have to spend any time on it. However, I would suggest that you sanity check the eve-praisal valuations against the market during your loan approval process.

When I've read the title, I thought "awesome!" But the body of the post unfortunately described yet another bank. And it will not work.

But maybe it is possible to create a service where players would indeed give loans to each other? The service would assess each side's credibility, advertise to attract borrowers and investors, and/or otherwise assist in process. Basically, take MD loan "sub-section" and bring it to a whole new level. Would it even remotely be possible?

I'd be willing to hold collateral for a fairly nominal fee if you start doing loan matchmaking and need a third party.