I think it would be smart if the rating was automated in a way via the smart contract so that ontime repayments automatically give good scores and late payments hit your score th more that can be automated the better in longrun
Exactly what I'm thinking about and wrote above. It must be quite smart account system with rating calculated with all your actions as Lendsbay user from the entire payments history.
Have you both already shared your idea with the team in the telegram channel? If they did not have that idea themselves, it should definitely be mentioned. I think that's very good and implementation should not be that hard
Yes, its a good idea to get the process automated, not sure if they can implement that but it will smoothen out the tools guiding users and investors on whom to work with in terms of lending and whom to sideline, efficiency matters a lot in this aspect of business, as any little mistake may cause users to fidget about their money which they must have loaned out
If the issue of trust and confidence is taking care of early on the project it will create FUD and feelings of unsatisfaction amongst investors and users, it's very important
