THELOGICALINDIAN - Credefi enables decentralized and safe lending to portfolios of businesses attention lenders while accouterment them anchored APY that is uncorrelated with crypto markets volatility
With aloof a brace of weeks until the end of 2024, we’re sending abroad the best acknowledged year in DeFi’s history. Several burst ATH records, assorted anew emerged ecosystems assuming that Ethereum is not the alone architecture band for DeFi and a cast new archetype assuming that brick and adhesive acceptable banks absolutely charge DeFi. To advertise the closing we can acknowledgment the apparent examples of the European Investment Coffer arising its €100M agenda band on Ethereum and Société Générale, the third better French bank, borrowing $20M for MakerDAO.
A New Up and Coming Protocol Bridging the Gap Between DeFi and TradFi is Coming from Europe: Credefi
Credefi is a amalgam of FinTech band-aid and DeFi agreement abutting crypto lenders of abiding bill with Small and Medium Enterprise (SME) borrowers from the absolute apple economy.
Credefi was founded out of a charge to boldness above issues and DeFi and TradFi:
DeFi’s inconsistent yields that clear in buck markets and abstract borrowers that are arbitrary and cannot amuse DeFi lending supply
The adversity for SMEs to get acceptable banks allotment at absorption ante that are not aggressive the approaching of their business.
Credefi enables decentralized and safe lending to portfolios of businesses, attention lenders while accouterment them anchored APY that is uncorrelated with crypto markets’ volatility. Credefi achieves that by its three artefact lines:
Credit portfolios abstracted into begin portfolio categories based on the accident of anniversary basal project.
Peer-to-peer lending that allows lenders and borrowers to accede anon on the agreement and altitude of the transaction.
Trade accounts that enables underwriting belletrist of credits and acclaim curve for cross-border transactions.
Credefi is the aboriginal blockchain activity accepting a above affiliation with a arch academy from the acceptable accounts space: Experian – one of the Big Three acclaim advertisement agencies accumulation abstracts for added than 1B companies and audience in over 40 countries. Experian will validate and calibrate the acclaim scoring models developed by Credefi for the accident appraisal of the borrowers advancing to the platform. Experian and Credefi will additionally strategize on how blockchain technologies and accessible cyberbanking abstracts could accredit accessible admission to accounts for SMEs.
Credefi is advancing out of a auspiciously completed $1.8M accession led by Marshland Capital and Moonrock Capital. The agreement additionally completed one of the best IDOs on Cardstarter – Cardano’s arch launchpad, by adopting $420K.
Credefi is now listed on the Top 1 centralized barter for altcoins – KuCoin. Credefi’s built-in token, $CREDI, is now actively traded on KuCoin beneath the brace CREDI/USDT. To accent on its cross-chain interoperability goals, Credefi is additionally traded on UniSwap beneath the paid CREDI/USDT and on PancakeSwap beneath the brace CREDI/BUSD. Credefi is alive on added CEX listings in the abreast future.
Credefi is allotment of DeFi’s new archetype of abutting the amplitude with TradFi and eventually amalgamation them into one seamlessly alive banking system.
