Transparency without middlemen graphic

Transparency without middlemen

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.

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Openly investible credit markets and portfolios graphic

Openly investible credit markets & portfolios

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.

Programmable and democratic markets graphic

Programmable, democratic market making

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":

Identity

Markets can choose to adopt vetted identity verification methods or vote on novel methods suited to specific geographic regions or credit purposes

Risk Mitigation

Markets decide how funds are distributed between lenders and borrowers to best minimize default exposure for each lender

Social Vouching

Markets can adopt different algorithms for social vouching - allowing existing users to stake credibility to enable credit access for new users

Governance

Stakeholders are empowered to determine the governance structure of the markets themselves, giving users control over options such as external identity verification methods

Trust Score

Transparent & programmable algorithms for calculating borrower trustworthiness, eliminating the need to adopt third-party black-box credit-scoring solutions

Our POC POC

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.

Features include:

  • Basic identity management using UPort
  • Market creation with initial customizable parameters & programmable Trust Score
  • Syndicated loans & risk mitigation
  • Transparent methods of calculating borrower-specific risk & interest rates from programmable Trust Score
  • Repayment / collection of principal & interest by borrowers / lenders

The Founding Team Team

Matthew Black
Matthew Black
Lead Blockchain Engineer
Matthew Black

Matthew Black

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 Cai
Tony Cai
Blockchain Engineer
Tony Cai

Tony Cai

Blockchain Engineer

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 Anadkat
Naresh Anadkat
Cryptoeconomics Research
Naresh Anadkat

Naresh Anadkat

Cryptoeconomics Research

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.

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