# Thesis: Uncollaterised lending?

Collaterised lending seems to be maxed out compared to marketcap of the whole space - any move in the marketcap will allow more collaterised lending, but this is incremental.

Uncollaterised lending is an untapped space at the moment.

For this to work it needs to have:
* trust - how do you know they create trust for paying back the amounts?
* reputation? - start low ammounts and increase as reputation builds up
* KYC?

Issues
* sybil resistance