[sm4sp]

The white-paper has more detail than the homepage and I recommend reading it for a better understanding of the project

From what I understand, third party entities responsible for vetting borrowers. These entities referred to as "Risk-Assessment Attestor"(RAA) are incentivized to do quality risk assessment as they get a piece of the loans they vet.

Here's a section from the white paper, discussing the importance of RAAs and how they might deter habitual defaulters

"Moreover, RAAs are capable of reporting borrower defaults to relevant credit bureaus on the behalf of lenders. Thus, borrowers are disincentivized from defaulting on loans insofar as their future creditworthiness, both within the Dharma network and in traditional loan markets, will be adversely affected."

https://dharma.io/whitepaper

[joosters]

What happens when the borrower and the RAA turn out to be the same entity?

[KomradeKeeks]

A series of defaults where the RAA shrugs after questions about their legitimacy surface, I bet.