Hello guys, does anyone think is viable to create a smart contract for loans without collateralls? Not the Aave way but rather based on customer future income(payroll)?

What would it be based on if not collateral?

Based on borrower future income. E.g, contract excutes when borrower transfers agreed % of payroll

So the trust will determine fluctuation of the token lets say

I don't really understand. so I could get loan now without any collateral, but I would promise to pay it back from my future payroll? If the future payroll is not held as collateral in some way there is no way to ensure that the user pays back

Lets say you need 3000$, when your payroll arrives you transfer an agreed % of it and receive the tokens.

You wont get any tokens without transfering first some income of your payroll

so, you transfer collateral

You transfer your first rate as every bank does

Ofc this is crazy idea now, is even stupid as it sounds

I believe there is a way to ensure borrower pays subsequently month after month

He needa anyway to pay lets say 300$ to get the 3k

Needs*

So the token will receive liquidity constantly

At least in europe

I work in AML in a bank btw

For me the main point is that the trust will determine the price of the token

Liquidity will be ensure by cashflows of borrowers payrolls

At least a first payment

Ofc I dont want to create a ponzi scheme

Yeah, an hybrid