@techreport{oai:ipsj.ixsq.nii.ac.jp:00237160,
 author = {呉, 怡萱 and 堤, 真聖 and 塩谷, 麻紀子 and 渡邉, 健 and 佐古, 和恵 and Yihsuan, Wu and Masato, Tsutsumi and Makiko, Shioya and Ken, Watanabe and Kazue, Sako},
 issue = {39},
 month = {Jul},
 note = {DeFi implemented on Ethereum can be open to all, potentially addressing financial exclusion. However, current DeFi lending protocols heavily rely on collateral, excluding those truly in need of funds. This paper explores the possibility of DeFi lending protocols to offer unsecured personal loans. We outline three main goals for the protocol: Stable Market, Fair Opportunities and Terms, and Privacy Protection. Our work contributes by designing an approach capable of mitigating default risk without requiring collateral or guarantors, thus achieving these goals and making it possible for DeFi lending protocols to offer unsecured personal loans. Following this approach, we define essential requirements to demonstrate how to design DeFi lending protocols, encompassing legal and technical possibilities across various infrastructural environments., DeFi implemented on Ethereum can be open to all, potentially addressing financial exclusion. However, current DeFi lending protocols heavily rely on collateral, excluding those truly in need of funds. This paper explores the possibility of DeFi lending protocols to offer unsecured personal loans. We outline three main goals for the protocol: Stable Market, Fair Opportunities and Terms, and Privacy Protection. Our work contributes by designing an approach capable of mitigating default risk without requiring collateral or guarantors, thus achieving these goals and making it possible for DeFi lending protocols to offer unsecured personal loans. Following this approach, we define essential requirements to demonstrate how to design DeFi lending protocols, encompassing legal and technical possibilities across various infrastructural environments.},
 title = {Exploring the possibility of Defi lending protocols to offer unsecured personal loans},
 year = {2024}
}