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Loan contracts in EVE to get a safe way to lending money and get interest from that deal
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Freighdee Katt
Center for Advanced Studies
Gallente Federation
#21 - 2013-01-11 13:18:01 UTC  |  Edited by: Freighdee Katt
There is a Pawn Shop service someone just started promoting in market discussions a while back. You contract any item to them at 70% Jita buy price, and they contract it back to you at 75% of the same market price, on a two week contract. If your end works out, you accept the contract and they profit the 5%. If not, they keep the item and sell it. The 30% discount covers them, more or less, for the market risk on the value of your collateral. This is probably the simplest money lending system that could possibly work in EvE, and maybe the only one.

EvE is supposed to suck.  Wait . . . what was the question?
Aptenodytes
Reckless Abandon
#22 - 2013-01-11 13:34:26 UTC
^ That could work, until the pawn shop owner decides to cancel all the outgoing contracts and keep the pawned items for himself, netting 30% profit instead of 5%. If he has run it honestly for a little while building up reputation and trust then that 30% could well be worth tens or hundreds of billions.
Michael Ignis Archangel
Deep Core Mining Inc.
Caldari State
#23 - 2013-02-23 19:15:17 UTC
For someone enterprising enough, loan contracts would allow short selling of goods.

Ex. I loan you 100mil trit at 120% collateralization. You sell in the market expecting the price to fall. In two weeks when the contract is up you must return the trit or lose your ISK. If the price has fallen you pocket the difference. There is risk on both sides because should the trit rise in price you would just default on the contract and not return the trit, but this is compensated by charging interest on the trit borrow.

Could add an interesting mechanic to the in-game market.

Also could probably allow asset rich pilots to loan their hardware out and allow folks to try certain ships without having to lay out all the ISK. Monetize idle BPOs etc etc
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