Topic: Credefi combines the best practices of DeFi and traditional finance - page 13. (Read 3287 times)

Here are a few main advantages that users gain from using decentralized systems:

• No need to trust a central authority that might be incompetent, vulnerable to attacks, or even have ill intentions.
• Less censorship. Governments often restrict their citizens’ access to various websites and social media. Censoring traffic in a peer-to-peer network is much more difficult, because every package can be sent to every other node on the network, and they will relay this data further.
• Most of the applications on the network are open source. Anyone can copy some or all of the code, and create their own applications with it. The more decentralized products come out, the more advantages and opportunities open up for the network users.
• Proper economic incentives. Users who support the network get rewarded for it financially. The more support they provide, the more they are rewarded.

Credefi is a project that aims to create a decentralized platform, which solves both conventional finance and DeFi real world problems. Our project serves as somewhat of a bridge between the world of DeFi and that of traditional finance, taking the best of both and combining it in one incredibly convenient and user friendly product!

Credefi was designed in a way, where each participant can lend and borrow money on a decentralized platform, where the contracted interest is determined by his own individual risk appetite. Users will have the ability to not only take out and provide loans, but also invest in credit portfolios, increasing their potential earnings!

In addition, Credefi will provide the means as well as new opportunities to make informed investment choices in order to bring a high rate of return, while helping those in need, but neglected by banks. Credefi has structured its native platform CREDI token to be both governance and reward generating token. Its holders will be able to suggest and vote on decisions related to the development and functionality of the platform, but will also receive rewards and benefits from utilising it on the platform.

Visit our website to learn more https://credefi.finance/

DeFi Market Stats

It was a down week for DeFi, as the ecosystem’s total value locked (TVL) slid from $65B to $58.79B since this point last Saturday. On the bright side, this TVL has been holding firm above $50B in recent weeks, so that’s a pretty awesome activity floor if it is, in fact, our current activity floor!

Want to become an early $CREDI token holder?

We have launched the Credefi Official Telegram Referral Campaign - this is your opportunity to be among the first ones to receive $CREDI tokens!

In the upcoming weeks, we are planning to distribute $CREDI Tokens to our community in a series of events, and a portion of them may become yours! Refer friends to the Credefi Telegram Official Chat and Telegram News Channel to win $CREDI tokens!
To start, visit our Telegram bot at the link below and follow the on-screen instructions: complete simple tasks and receive $CREDI tokens.

➡️ Ready to start? Click the link: https://t.me/CredefiBot

➡️ All Credefi official Telegram referral campaign rules on https://telegra.ph/Credefi-Official-Telegram-Referral-Campaign-06-13

Peech Capital and Metrix Capital have joined Credefi

The relentless efforts and strong vision of the team behind Credefi have not been left unnoticed by the leading Venture Capital Funds in the industry. However, the company’s founders know and abide by the laws of synergy. That same synergy, which brings notorious cryptoverse pioneers together.

This is exactly why Peech Capital and Metrix Capital have just joined Credefi on its journey to greatness. The two VC Funds have had a tremendous track record in supporting projects that truly challenge the status quo across the entire crypto space.

We have published a big article about this on our Medium — don’t hesitate to follow the link and have a read: https://medium.com/credefi/yet-another-triumph-for-credefis-young-ambitious-and-critically-innovative-team-a56466bf397d

Even if we are entering the bear market with the top prices being behind us, Credefi's product is counter cyclical. The customers invest in stable coin, their interest is paid in stable coin, and the loans that generate the interest are not related to the crypto market.

Smart contracts: how do we use it?

In the Credefi project we use smart contracts in order to remove both the human factor and the possible influence of third parties that might affect the deal. It is thanks to the smart contract technology that we can guarantee the following benefits:

- Automation: The use of smart contracts simplifies the process, brings speed, clarity, and precision.
Cost-efficient: Smart contracts execute immediately once the terms that bind the contract have been fulfilled.

- Autonomy: Smart contracts are self-sufficient, safety and security.

The use of smart contracts allows us to ensure transparency. Users can always track and verify any transaction. In addition to fully automated operation that doesn’t involve third parties, smart contracts guarantee that deals are only made when all the prerequisites are fulfilled by all participants. All that will allow us to strengthen the public’s trust in our project!

Why Credefi?

This is a question we have answered a lot of times before! But today we would like to remind you about our project’s key features. So, what are our primary advantages?

☑️ Expertise. Our team is composed of international experts with strong management, financial and technical background.

☑️ High APY. We don’t do arbitrage between the lenders’ and the borrower’s agreed interest. The lenders are entitled to the entire interest of the facilities they finance.

☑️ Fair deals. We perform credit risk analysis on every application on our platform. We adjust our rating to the actual data. We help lenders and borrowers find the right balance.

☑️ Security. We will implement 3-layer security for our platform lenders. It combines a DeFi tuned risk assessment process, security module and strategic partnership with an accredited financial institution.

☑️ Decentralization. In order to achieve a true decentralised decision making and autonomous lending platform, Credefi has designed a bridge between the current financial assessment tools and decentralised decision by the market participants.
We use cutting-edge technology to provide borrowers with access to decentralized finance, and for lenders to earn a consistent and fair passive income!

DeFi Loan Market Size

The popularity of DeFi services is rising, and this claim is easy to back up with hard data. According to DeFi Pulse, the total value of funds locked in DeFi applications has grown from $300 million in early 2019 to several billion in 2021. For the longest time MakerDAO was almost the only serious player on the DeFi market. However, the lending sector sees new projects offering new solutions pop up on a regular basis.

Credefi is the world's most advanced crypto P2P lending platform, that combines the best practices of DeFi and traditional finance. Our hybrid mechanism solves real life problems and inefficiencies of the conventional banking and finance sector, and provides unique opportunities for both borrowers and lenders. Credefi allows platform participants to invest in credit portfolios, individual credits, or do trade finance, directly through their personal wallet. Those who deposit their funds to the wallet act as liquidity providers, and earn yield on their capital, which is similar to having a bank deposit, except the rate is much better! In addition to this, Credefi is actively working on security mechanisms to ensure maximum reliability for both lenders and borrowers.

Credefi token economy

For decades the banking industry has been in the hands of a few privileged individuals who have been in charge of the world’s wealth, where no individual interest matters rather than their own. The banking industry has proven that it is not concerned with the well-being of its regular customers, while a few investment banks have been making the decisions where one’s money is going to be invested and more often who is to benefit from these decisions.

Within the current crypto space, the technology of decentralization has given the means to participate in a market worldwide without regulations and central decision making.

However, until now there is no project which provides the professional tools of the existing credit industry to its token holders, while being able to manage their own funds in a decentralized way and obtain high rates of return.

This is where the Credefi platform comes in, offering a full spectrum of traditional banking services in a decentralized form, where the interest is determined by the customer’s own individual risk appetite. Credefi connects the willing parties in the forms of peer-to-peer lending, investment in credit portfolios, crypto swap deals, and trade finance.

The Credefi token economy setup follows a state-of-art two token system with added incentives for users who contribute to the system’s stability. The tokenomics consists of:

CREDI – an inflationary token used for rewards on the platform.

xCREDI – a variable supply (but deflationary in the long run) token created by burning CREDI and stabilizing the Credefi ecosystem.

DeFi Market Stats

It was another growth week for DeFi, as we saw the ecosystem’s total value locked (TVL) rise from $61B to $65.06B since this point last Saturday. While that’s certainly not a major growth spurt compared to some inter-week TVL movements we’ve seen in the space, it appears the bleeding has stopped after the recent crypto economy sell offs — at least for now!

TVL increase is great news for us no matter how you look at it — it’s a signal saying the DeFi market is showing steady growth, and we are happy to find ourselves at the origins of this new tech!

P2P Lending By Credefi!

Credefi is building a unique system available to millions of users all over the globe! Our main goal is to liberalize the process of lending and borrowing by connecting interested parties  directly without intermediaries (our platform is only an enabler). The process will be structured as follows.

Once a project (loan request) is uploaded, the platform will perform a risk assessment and a review of the relevant legal framework. The analysis will first ensure the project’s legal compliance and then measure its sustainability and probability of default, recommending a suitable interest rate that lenders should charge. The token holders will then have the option to invest directly in any proposed project they deem viable and profitable. One of the key advantages of Credefi is that the investments will be legally protected through a loan agreement designed by a team of professionals and an accredited financial institution registered in the European Union.

The design of the credit deal will be assisted by the partner financial institutions, increasing the security of the investment for lenders. If the deal includes providing a real asset as collateral (e.g. a real estate), the collateral will be assigned to our partner financial institution and in the case the loan becomes non-performing, the institution will liquidate the collateral and return the proceeds to the lenders.

Credefi will use its proprietary algorithms to calculate and suggest loan parameters that are fair for both parties. Furthermore, the Credefi community will be able to evaluate and customize the parameters in a decentralized mechanism believed to give the best outcomes. This means that any lender will be able to ignore all odds and finance a project if he believes in it.

Why do users need CREDI tokens?

Now is the perfect time for DeFi to take on and solve some real, hands-on problems. As we see, many citizens across the world suffer from the financial damage inflicted by the pandemic.

Due to the scale of their loss, financial institutions are not always ready or willing to secure the victims with monetary support. There are millions of such victims around the world.

Credefi aims to provide a solution to borrowers and those looking to provide loans and make money doing so.

This is where the CREDI token steps in! It is an effective instrument for staking, reward generation, yield farming and exchange. In order to manage money effectively and take advantage of all platform’s features, CREDI token will be quite integral.

Benzinga About Credefi

Are you sure that no DeFi platform that promises high APY for its lenders, can guarantee security and gains in a bear scenario? You might be mistaken! Benzinga reporters have looked into it, and found that Credefi is one of those ones – the first DeFi platform in the world that adopts a robust hybrid approach towards the fundamentals of financial stability and security.

➡️ Want to get the full scoop? Visit the link:
https://www.benzinga.com/markets/cryptocurrency/21/06/21372697/credefi-mitigating-the-risks-of-investing-in-defi

What Opportunities Do You Get With Credefi?

Credefi’s platform is currently in the launch stage. Right after this stage is complete, CREDI holders and the public will get access to the services it provides. With every new iteration, the list of services will keep growing!

But let’s look at what we already have!

Any CREDI token holder will have the right to lend in DAI, USDC or USDT stablecoin on Credefi’s platform and earn interest for the duration of the loan smart contract.

Participants on the platform will also have the choice to invest in different portfolios depending on the risk they are willing to take. The platform participants will have full visibility over the projects contained in the respective portfolio and their individual credit scores and profiles. The platform will provide a risk assessment and credit score data to the users, hence giving them the means to make an informed decision where to invest.
 
And the best thing — by lending on the platform they will be rewarded with CREDI tokens! This means that you can make money with Credefi while you’re using the platform!

Cryptocurrency is not rocket science!

Just a few years ago cryptocurrencies were something very few had any knowledge about. Fast forward to today and crypto is more popular than it has ever been. Despite all the measures various countries have been implementing against crypto, more and more people are using Bitcoin and other currencies all over the world!

Here at Credefi we are very happy about how things are going. We want to make digital finance accessible to the people, show that it’s not rocket science and we are proud to say that we’ve been very successful! Credefi combines the most effective practices with the DeFi resolution. Their hybrid mechanism helps resolve real-life issues of the traditional banking sector.

Unlike the present banking system, which supplies an unsatisfying buyer expertise, the Credefi platform is designed so that individuals and companies can assist one another resolve the inefficiencies of the standard banking system.

Credefi removes bureaucracy. Almost anyone can become a project’s participant: permission to take part is not required, and the liquidity is borderless.

Credefi has been designed to unravel the issues of a centralized monetary system. Our main goal is to ensure our users get access to all the benefits the world of crypto can offer them, and we are working hard on that!

📣 BTCpeers About Credefi

You think you have read everything there is to read about our project? We are here to assure you : that is not the case! And it’s no surprise, after all, Credefi is getting more and more coverage in the media, so here is another article about our project:
https://btcpeers.com/new-defi-lending-project-credefi-offers-a-unique-approach-to-lending-and-investing

Most frequent questions about Credefi

We want you to learn as much as possible about Credefi, so we gathered the most frequently asked questions, and answered them once again in this post. So, let’s go!

🔘 What is the unique selling point of our project?
Credefi offers a unique approach to lending and investing. As we said before, Credefi combines the most effective practices with the DeFi resolution. Hybrid mechanism helps resolve real-life issues of the traditional banking sector. We provide users — lenders and borrowers — with new opportunities. We also ensure their security with unique algorithms for determining borrower credibility.

🔘 What is CREDI token?
The CREDI token is the native token of the Credefi ecosystem and has three main functions. It serves as a rewards distribution token,an additional security layer of the platform, and enables users of the platform to participate in the investment opportunities.

🔘 What are the project’s goals?
In our white paper, we have mapped out the roadmap which defines what we want to achieve. However, we would like to draw your attention to the main objective of our project: giving our users the ability to make money with their finances. We are building a project that everyone will want to be part of!

What Do Aave And Credefi Have In Common?

Economy-wise, the closest siblings to CREDI are AAVE and SUSHI, as they follow a two-token system with incentives for users who contribute to the platforms’ development and stability. By the way, Aave has traditionally been considered one of the top DeFi projects according to DeFi Pulse.

So, what is there in common between these projects? Aave and SushiSwap are also using extensive pooling approaches, but it is essential to point out some of the Credefi platform’s advantages in this regard:

Credefi mitigates the regulatory risk of large pools by offering a full spectrum of financial services, including peer-to-peer loans, passive lending and trade finance.

A wide choice of collateral options with high-level risk assessment, backed by a EU-licensed financial institution.

The platform’s multiple value creation mechanism offers continued incentives for providing liquidity for CREDI and xCREDI, which adds deeper liquidity to both tokens.

This way Credefi is not just a project similar to the popular AAVE and SUSHI, it goes way beyond their capabilities!

Credefi Team Reinforcements!

It hasn’t been long since we surprised you with the most amazing news about our new advisor Hristo!

We are once again beyond thrilled to announce that we are joined by no other than Mr. Marco Calicchia, Director of Business Development at CertiK (CertiKShield). We on-boarded Marco as a senior advisor at Credefi, because our mutual drive for security and transparency perfectly match as pieces of a puzzle.

We have published a small article about Marco on our Medium — don’t hesitate to follow the link and have a read: https://medium.com/credefi/credefi-team-reinforcements-2eae0e70ee71

Meet the team: Ivaylo Hristov, Advisor

We continue introducing the Credefi team members to you, and today it is  Ivaylo Hristov - our advisor!

Ivaylo has been working in Audit and Financial control for 13 years now. He was an audit manager in Deloitte, and internal auditor in government structures and public administration. His career includes also being financial analyst in a National Financial Supervision Commission as well as finance controller in the private insurance business. Ivaylo’s bachelor degree is in Macroeconomics and has master degrees in Public administration and Marketing. Since 2013 is a member of the Association of Chartered Certified Accountants, and since 2018 – Fellow member of the same.

If you have questions for Ivaylo, he will be more than happy to answer them in the project’s chat!