There is a new DeFi lending platform in the market that wants to let users stake their "digital reputations" to access loans. Called Sublime Finance, the platform wants to help borrowers tap into their "social capital." Sublime has received backing from investors such as Galaxy Digital and Electric Capital, both of which co-led its $2.5m seed funding round. Other investors included FinTech Collective, Collab+Currency, and angel investors, including Jill Carlson Gunter and Ryan Selkis.
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Lending platform Sublime, which lets users stake their 'digital reputations,' raises $2.5m
"DAOs looking to raise debt can borrow by creating pools. Pools are functionally similar to bonds and allow different levels of seniority," said Dutta. "Institutions can utilize them to create anonymous credit lines amongst themselves."
