Challenges
Build new signal adapters
We build a new signal adapter with Plaid. Once merged, underwriters can use this signal adapter to get borrowers' banking data.
A credit line for every wallet
Everyone has banking data, and our project allows people to easily open a credit line with banking data. Thus we are building DeFi for the 99% even if they don't have transaction history in web3.
#BUIDLathon 2023 DeFi Track
Project details
Lending2to3 enables people to borrow in the world of web3 using income and liabilities data from their banks in web2. The motivation was simple: the vast majority of us are still paying and getting paid through our bank accounts rather than our web3 wallets, so we are missing out on the most important financial signals for determining someone’s credit worthiness if we don’t use banking data. To that end, we built a new Huma signal adapter integration with Plaid, which is a well-known banking data aggregator in the web2 world, and an e2e experience demonstrating how we can leverage Huma and the banking data to underwrite credit line decisions. The end result is a user can borrow onchain funds now with their banking data.