The problem PeosFI solves

In the traditional financial world, unsecured borrowing plays a crucial role in enabling the growth of companies, personal projects, and providing financing opportunities for individuals with limited access to capital. However, translating this powerful tool to the blockchain ecosystem has been a challenge. This is where PeosFi comes into play, offering a solution to bring uncollateralized borrowing on-chain.
PeosFi is a decentralized application built on the principles of "SocialFi," which aims to facilitate uncollateralized borrowing through a unique approach. Instead of relying on collateral, PeosFi leverages social connections, reputation built over time, and a robust risk management model coupled with financial incentives.
The protocol has a dynamic Credit Line that evolves based on on-chain actions, social recommendations, and risk management. The risk model incentivizes trustworthy behavior, rewarding positive contributions and discouraging harmful ones. Financial parameters adjust to maintain a virtuous cycle.
Users can take out uncollateralized loans, recommend acquaintances, and benefit from their repayment. Virtuous users are incentivized to add trustworthy individuals to their social graph, as the risk model considers borrowing history, social connections, and sybil-proof attestations.
PeosFi aims to enable uncollateralized borrowing on-chain, fostering a decentralized lending environment driven by trust, reputation, and community incentives.

Challenges we ran into

Optimizing Anon Adhaar verification speed, Mathematics involved in calculating credit score via users social graph