Divine Research distributes 30,000 small USDC loans through World ID with a default rate of 40%.

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【比推】According to reports, the San Francisco lending institution Divine Research has announced that since December of last year, it has distributed approximately 30,000 unsecured USDC loans through the World ID identification system, with individual loan amounts below USD 1,000, primarily targeting overseas users who lack access to TradFi. The platform's loan interest rates range from 20% to 30%, with a first-time borrowing default rate of around 40%.

The World ID system was founded by OpenAI CEO Sam Altman, using iris scanning technology to prevent users from opening multiple accounts. The platform states that ordinary investors can earn stable returns by providing liquidity, and the system is designed to ensure that lenders can still profit after calculating the default rate.

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WalletDetectivevip
· 07-29 22:55
Does the project dare to continue?
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DeFiDoctorvip
· 07-29 12:36
The storm is just around the corner.
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FUD_Whisperervip
· 07-28 23:58
The default rate is a bit outrageous.
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HallucinationGrowervip
· 07-28 16:12
Be Played for Suckers trap new tricks
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MetaNeighborvip
· 07-27 10:50
The default rate is too high, isn't it?
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RugPullProphetvip
· 07-27 10:43
I saw the traps and greed
View OriginalReply0
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