EGORAS
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EGORAS
Introduction
Getting Started
What problem is Egoras trying to solve?
Egoras Decentralized Autonomous Organization
Lending Partner Governance
Loan Approval Governance
Interest Rate Governance
Interest sharing formula
Uncollateralized Lending Module
Loan Application
Approve Company
Repay Loan
Reward Voters
Distribute Interest To Egr Holders
Create Governance Request
Governance Vote
Validate Governance Request
Egoras Treasury System
How Egoras Treasury Work
Block Rewards
How is the Treasury capitalized?
Egoras Token Economy
Introduction
THE EGORAS DOLLAR (EUSD)
Egoras Governance Token (EGR)
Summary
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Interest Rate Governance
The interest rate is properly governed by people (Egoras holders) and no organization or bank determines the interest rate attached to any particular loan. The interest rate governance is also used in the stabilization of EUSD stable coin. When EUSD is going lower than the pegged price(1 EUSD= 1 USD), Egoras holders will vote on the increment of the interest rate. On the other hand, when the EUSD stable coin is going higher than the pegged price then Egorasholders will vote on the decrement of the interest rate.
The microfinance banks or NGOs approved by Egoras holders borrow directly from the Egorasmicrofinance protocol to lend to their users at a lower interest rate (Central Bank Rate) and these will reduce the dependency of microfinance banks and NGOs on commercial banks and private institutions.
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Loan Approval Governance
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Interest sharing formula
Last modified 1yr ago
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