1. Request
A member submits a wallet address, amount, and reason. New requests start as pending_vote.
Lending Lifecycle
Vorliq lending is experimental community blockchain software. It records loan requests, VLQ-weighted votes, issuance transactions, due blocks, and repayment transactions. It is not a licensed lending service and does not create legal enforcement by itself.
2. Vote
Members vote yes or no. Voting weight comes from VLQ balance. If the threshold passes with more yes than no weight, the request becomes approved_pending_issue.
3. Issue
Approval creates a loan issuance transaction from the community lending pool to the borrower. The loan becomes active only after that transaction is mined into a block.
4. Due Block
Active loans include a due block. Vorliq shows blocks remaining and marks loans overdue when the chain passes the due block without confirmed repayment.
5. Repay
The borrower submits a repayment transaction back to the lending pool. The loan is repayment_pending until that transaction is mined, then becomes repaid.
Safety
Do not request or vote on loans unless you understand the risk. Vorliq records community activity and blockchain transactions, but it does not guarantee repayment, market value, or legal recovery.
Mobile Support
The Expo mobile app can request loans, vote on active requests, and submit borrower repayment through the same public repayment endpoint. Repayment creates a pending blockchain transaction and does not require pasting a private key.