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  branton kenton-dau

Guarantor value

At the heart of Goosie is the concept of Guarantor Value - a means of lending without margin call flawlessly 24x7

Extract from paper:

Imagine you run out of gas.  Walking to the gas station you realise you have left your wallet in the car.  Rather than go back you ask the station attendant if he would hold your phone to cover the cost of the gas until you return with your wallet.  He agrees and fills a can.  You get back to your car, drive the station, pay for the gas and pick up your phone.

What has just happened?

You received a loan of gas by providing a guarantee, in this case your phone. Importantly the phone is of no value to the station attendant because it is locked.  The reason your phone works as a guarantee is that the attendant knows it is valuable to you and you want it back.



    Read the Paper

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2023. 
Disclaimer - The information on this site is not personalised advice and is intended for general informational purposes only.  It is provided by i: a man; Branton Kenton-Dau on behalf of the Goosie Club.

  • Home
  • Money for Mankind
  • Join Goosie
  • Want to implement Goosie?
  • Next in DeFi - Loans with no margin call
  • Branton
  • More Information
  • Goosie Club
  • Open Source License
  • Smart Contract Build Rules