Decentralized Capital

Basics

• "Decentralized Capital will start offering small and limited loans approximately 1 year after the launch of the boreal." Which is scheduled in Q3 2019.
• Provides users with a secure, convenient way to bring Dollars, Euros, and other government backed currencies onto and off of the Ethereum network.
• Comes from Aurora (10-2019):

"Aurora is a collection of blockchain applications that form a completely decentralized financial and banking platform. Founded by a group of blockchain enthusiasts who aspire to see digital currency flourish, Aurora aims to provide these decentralized financial solutions to anybody in the world, regardless of location and status.  

Aurora will also develop a stablecoin (the boreal) and banking platform (Decentralized Capital) that integrate with IDEX and the AURA staking network."

• From their website (10-2019):

"Decentralized Capital provides loans to users anywhere in the world in the form of boreals, the price-stable cryptocurrency of the Aurora ecosystem.

Inspired by F.A. Hayek’s and George Selgin’s work on Free Banking theory, DC is using blockchain technology to address issues with currency stability and loan accessibility. DC utilizes blockchain based identity systems such as uPort (and Civic), combined with in-house and blockchain based credit ratings such as Bloom, to minimize loan default risk and bring a digital banking solution to consumers in all parts of the world."