Yeah, its in the OP. Basically, part of the interest charged to the borrower gets put in a Decentralized Autonomous Reserve, which is an algorithm controlled wallet that is distributed amongst all members.
So that can be called fees in a way , what if there won't be so many scams and what will happen to that btc in the so called Decentralized Autonomous Reserve.
Also , this gives a win-win situation to scammers, they just get away like that.
Anyways , i will look forward to this , it has some really nice ideas though it sounds pretty sketchy because of scammers but everything works out somehow and am sure this will too
