The Arbiter is a role in our contracts that works to ensure a fair treatment for the parties to a lending agreement.
It can be a third-party trusted by the Borrower and the Lender or it can be a single Lender that can represent all Lenders vis-a-vis a Borrower.
Currently the Arbiter's main role is to discourage and prevent bad behaviour by Borrowers and to ensure that Lenders are in the best position possible to be repaid.
It does so through having privileged access to some important functions, some of which are highlighted in the following sections.
Initially, Debt DAO will act as Arbiter.