P2P Lending
P2P (Peer-to-Peer) lending allows users to lend directly to each other with flexible, negotiated terms.
How It Works
┌─────────────┐ ┌─────────────┐
│ LENDER │ │ BORROWER │
│ │ │ │
│ Has USDC │ │ Needs USDC │
│ Wants yield │ │ Has Trust │
└─────────────┘ └─────────────┘
│ │
└───────────┬───────────┘
▼
┌─────────────┐
│ P2P LOAN │
│ CONTRACT │
│ │
│ • Amount │
│ • Duration │
│ • Interest │
│ • Due Date │
└─────────────┘
vs Trust Vault Loans
| Feature | P2P Loan | Trust Vault Loan |
|---|
| Source | Individual lenders | Protocol pool |
| Terms | Negotiated | Algorithmic |
| Rates | Flexible | Variable (utilization) |
| Trust Score | Optional check | Required |
| Risk | Lender bears 100% | Insurance Pool covers 80% |
Creating a Loan Request
Navigate to Credit
Go to Credit > Request Loan
Choose P2P
Select “P2P Loan” instead of “Trust Vault”
Set Terms
Specify amount, duration, and interest you’re willing to pay
Post Request
Your request becomes visible to potential lenders
Funding a Loan
Lenders can browse and fund loan requests:
Browse Requests
View open loan requests in the Credit > Lend tab
Review Borrower
Check borrower’s Trust Score, history, and reputation
Fund Loan
Commit your USDC to fund the loan
Track Repayment
Monitor loan status in your portfolio
Risk Considerations
P2P loans are NOT covered by the Insurance Pool. Lenders bear 100% of default risk.
Risk Mitigation
- Review borrower Trust Score before lending
- Start with small amounts to test borrowers
- Diversify across multiple loans
- Prefer borrowers with Guardian endorsements
Use Cases
Friend-to-Friend
Lend to friends with trust, not interest
Higher Yields
Negotiate rates higher than Trust Vault
Flexible Terms
Custom durations and repayment schedules
Build Reputation
Successful P2P loans boost Trust Score
API Reference
# Create loan request
curl -X POST "https://api.usmewe.com/v1/loans/p2p/request" \
-H "Authorization: Bearer YOUR_TOKEN" \
-d '{"amount": 100, "durationDays": 30, "interestRate": 3}'
# List open requests
curl -X GET "https://api.usmewe.com/v1/loans/p2p/requests" \
-H "Authorization: Bearer YOUR_TOKEN"
# Fund a loan
curl -X POST "https://api.usmewe.com/v1/loans/p2p/fund/{requestId}" \
-H "Authorization: Bearer YOUR_TOKEN"
Full API Docs
Complete P2P lending API reference
