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International Conference on Financial Cryptography and Data Security

FC 2018: Financial Cryptography and Data Security pp 367–380Cite as

Toward Cryptocurrency Lending

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Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 10958))

Abstract

Lending has been posited as an application of blockchain technology but it has seen little real deployment. In this paper, we discuss the roadblocks preventing the effortless lending of cryptocurrencies, and we survey a number of possible paths forward. We then provide a novel system, Ụgẉo, consisting of experimental smart contracts written in Solidity and deployed on Ethereum to demonstrate how a decentralized lending infrastructure might be constructed.

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Notes

  1. 1.

    https://github.com/MildredOkoye/Ugwo.

  2. 2.

    https://github.com/ConsenSys/Tokens.

  3. 3.

    http://www2.isda.org/.

  4. 4.

    https://github.com/oraclize.

  5. 5.

    http://www.ethereum-alarm-clock.com/.

  6. 6.

    Blocks 4652926 to 4832685 were mined in December 2017.

  7. 7.

    https://github.com/ethereum/oyente.

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Acknowledgements

J. Clark acknowledges funding for this work from NSERC and FQRNT.

Author information

Authors and Affiliations

  1. Concordia University, Montreal, Canada

    Mildred Chidinma Okoye & Jeremy Clark

  2. Deloitte, London, UK

    Mildred Chidinma Okoye

Authors
  1. Mildred Chidinma Okoye
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  2. Jeremy Clark
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Corresponding author

Correspondence to Jeremy Clark .

Editor information

Editors and Affiliations

  1. Hebrew University, Jerusalem, Israel

    Aviv Zohar

  2. Technion – Israel Institute of Technology, Haifa, Israel

    Ittay Eyal

  3. University of Melbourne, Parkville, VIC, Australia

    Vanessa Teague

  4. Concordia University, Beaconsfield, QC, Canada

    Jeremy Clark

  5. Computer Science and Mathematics, Stirling University, Stirling, UK

    Andrea Bracciali

  6. Mathematical Institute, University of Oxford, Oxford, UK

    Federico Pintore

  7. Department of Mathematics, University of Trento, Trento, Italy

    Massimiliano Sala

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© 2019 International Financial Cryptography Association

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Cite this paper

Okoye, M.C., Clark, J. (2019). Toward Cryptocurrency Lending. In: Zohar, A., et al. Financial Cryptography and Data Security. FC 2018. Lecture Notes in Computer Science(), vol 10958. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-58820-8_25

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  • DOI: https://doi.org/10.1007/978-3-662-58820-8_25

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-662-58819-2

  • Online ISBN: 978-3-662-58820-8

  • eBook Packages: Computer ScienceComputer Science (R0)

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