A lack of market transparency and large centralized points of failure - two of the leading causes of the 2008 financial crisis.
With XOR, our vision is to create a transparent, trustless, and intermediary-free credit protocol that can model any economic system from loans to futures.Watch Demo
We make traditional P2P lending obsolete by allowing investors/lenders to invest in risk-segregated markets in a syndicated fashion.
Diversification across various market risks and attributes can be achieved through portfolios, a weighted collection of different markets.
Through portfolio diversification and the creation of a many-to-many relationship between lenders and borrowers in each market, the default exposure for each lender is greatly reduced.
XOR markets can be created by anyone and take on all shapes and sizes.
By introducing modular market components and parameters that are democratically chosen by actors in the system, we ensure that markets can be arbitrarily adapted to suit changing market circumstances and user needs.
The programmable elements of XOR markets are collectively referred to as the "Five Pillars":
Markets can choose to adopt vetted identity verification methods or vote on novel methods suited to specific geographic regions or credit purposes
Markets decide how funds are distributed between lenders and borrowers to best minimize default exposure for each lender
Markets can adopt different algorithms for social vouching - allowing existing users to stake credibility to enable credit access for new users
Stakeholders are empowered to determine the governance structure of the markets themselves, giving users control over options such as external identity verification methods
Transparent & programmable algorithms for calculating borrower trustworthiness, eliminating the need to adopt third-party black-box credit-scoring solutions
We have completed and published an early-stage loan protocol on the Ropsten testnet to illustrate XOR's vision and core features. We will continue iterating and adding new features as time goes on.
Lead Blockchain Engineer
Matthew is an experienced software and blockchain engineer, and co-founder of StarSpeak, a machine learning startup. He has led and advised development teams at companies at the corporate and startup level. Additionally, he managed cryptocurrency portfolios back in 2014, and has been involved in multiple blockchain projects such as pharmaceutical management on blockchain, and proof of location.
Tony is an experienced software and blockchain engineer, with a specialization in the financial development space. His experience at Manulife gives him a unique perspective on the challenges within the current financial system. He has been involved with multiple blockchain research and development projects such as CryptoGo, a decentralized rideshare and shipping protocol.
Naresh has a background in Mathematics from the University of Waterloo and has done analysis in cryptoeconomics regarding mechanisms used in stable coins and the impact of financial applications built on the blockchain. In addition, he has worked within traditional finance, on the innovative FX desk at CIBC Capital Markets, as well as Deloitte Consulting for emerging digital payments.
Got questions? Reach out to us and we’ll get back to you shortly.