DeFi

hacking on a new SocialFi idea... what's your Farcaster account worth to you?

and what would you do with the money?

https://www.weponder.io/surveys/1847

would you put your farcaster account up as collateral for access to capital, if you could?

building /hatsprotocol | 
proudly mid-curving it since 1995

Launching Farcaster community client for Noun
Past: AI and crypto rubinovitz.com

assume the interest rate is to your liking. focusing here on the feasibility / attractiveness of fids as collateral

Totally. 

Think of it like a credit card or personal loan. All you put up for collateral is your credit score.

This is under collateralized lending with your social graph as collateral. 

The question is, who would underwrite this loan? What my fid is worth to me has no bearing on what it's worth to others.

Personally I wouldn’t, unless I would gain an obscene amount of money, but I can see where this functionality could enable a new breed of social accounts, almost built to trade hands like this.