Topic: Credefi combines the best practices of DeFi and traditional finance - page 14. (Read 3355 times)

DeFi Market Stats

This week DeFi experienced its first major drawdown in a while, as the total value locked (TVL) in the ecosystem’s dapps dropped a whopping +$23B, from $82.7B to $58.9B, since this point last weekend. Wow! That’s the reality of crypto and DeFi: things can go up fast, and they can go down just as fast, too. If you zoom in, though, this particular drawdown wasn’t so surprising, at least considering a handful of developments that depressed the wider cryptoeconomy in recent days.

Experts On DeFi Lending

Netherlands-based ING Bank has researched the DeFi market and came to the conclusion that “the best of both worlds is achieved if centralised and decentralised financial services cooperate”. Here at Credefi we wholeheartedly agree, and we employ this very principle when building our project!

“We envision that centralised and decentralised financial services will converge at some stage as both have unique capabilities that are beneficial to the other. There is however the challenge for centralised institutions of making sure that their assets stay within countries that are white-listed”, says the document.

The automation of business processes on a public permissionless blockchain has many advantages over traditional money markets, such as accuracy, transparency and speed, the researchers say.

They also note that the replacement of financial intermediaries with automated digital contracts is a big deal today with around $76 billion in assets locked up on Ethereum alone.

According to the authors of the research, using this technology can genuinely lower the risks on the technical side of things.

At Credefi we are going further — we are working on counterparty security algorithms that will help us increase the reliability of the mechanisms we currently employ.

How Cryptocurrency Transforms Financial World

A lot of analytics companies nowadays are conducting surveys on the popularity of crypto among investors. Crypto has already surpassed gold and are now in the top five instruments among investors. By the way, more than 25% of all global investments are made online, and cryptocurrencies dominate this field too.

However, experts have reached the conclusion that “the best of both worlds is achieved if centralised and decentralised financial services cooperate.” This is exactly the rule we follow here at Credefi when we take the best of both financial worlds!

We strive to bring you full transparency and decentralization, and make cryptocurrencies as widespread and known in the world as humanly possible! The rise of crypto should usher in the digital finance era that will change the economy for the better, and make the lending process simpler, more transparent and beneficial to all involved, both businesses and retail lenders alike!

🔺 Learn more at https://credefi.finance

Credefi Team Reinforcements!

We are happy to share some great news with you: the Credefi team has gained a new advisor, and we would like to introduce him to you! Please meet Hristo Piyankov, our very own senior advisor!

Hristo boasts a very impressive resume that we feel obliged to tell you! Combining his astonishing background in finance with a decade of experience in the fields of analytics, data science, machine learning, big data and AI, he has been at the forefront of progress at one of the largest consumer finance companies in China, serving as their CRM Analytics Director. While occupying this prestigious role, he has led several complex international projects to fruition. Data modeling is another expertise he has mastered to perfection and because there is virtually no limit to his abilities in the field, let’s just name a few: forecasts, estimations, budgeting, machine learning and statistics.

Hristo is a proficient analyst who specializes in taking rough business ideas and making sure they are both financially and technically feasible, with his focus being primarily on blockchain, tokenomics, AI and the finance industry. He is passionate about ensuring that data works in unison with and for the business and not the other way around.

His background packs a serious punch and this is why his potential was recognized by a long list of blockchain-related projects and start-ups.

Being an expert in Solidity, Python, Blockchain Technology and algorithmic trading, he has contributed towards the success of projects like Nomics, NouGit, REINNO, CCU, Velocity, IAP, Equilibrium, Hybrix, Liquidus, Bitborro, UpTrend and Asimi, to name just a few. He has collaborated on numerous occasions with Cointelegraph — the largest crypto publications network in the world.

We are extremely happy to have Hristo become part of Credefi and our team!

Credefi Mentioned In Forbes

While the entire world is anxiously making bets on where the cryptocurrency market will go, Credefi CEO has shared his insight with the Forbes magazine!

📗 Read the article at the link:
https://www.forbes.com/sites/kenrapoza/2021/05/16/ethereum-faces-weekend-rout-but-some-see-eth-doubling-from-here/?sh=4feed7273817

Credefi Is More Than Just Loans!

☑️ Credefi is a wide-reaching project that enables its users to enjoy a wide range of features in several categories.

☑️ Credefi makes lending easier, more transparent and beneficial to all involved. This becomes possible by connecting the willing parties from all over the world — users can always find someone to transact with, even if it’s from across the globe! In addition to the collateralized loans, Credefi platform will be able to provide zero-collateral loans on a case-by-case basis.

☑️ Credefi is aimed to combine traditional banking instruments with the aspect of decentralization, offering the full length of services to its customers. Credefi will introduce trade finance to its offered services. Lenders and borrowers will be able not only to meet in a deal but also to underwrite a Letter of Credit or a Letter of Guarantee, as well as factoring services.

☑️ And, of course, Credefi allows users to earn passive income. By investing their tokens into various portfolios, token holders can earn yields on their assets. The platform will provide a risk assessment and credit score data to the investors, hence giving them the means to make an informed decision. The platform guarantees a minimum  10% return on annum or more, depending on the risk appetite of the user. This is far from everything Credefi has to offer!

🔺 More information on our website at https://credefi.finance

What is DWeb or Web 3.0?

The notion of decentralization is tightly linked to Decentralized Web (DWeb or Web 3.0). This term includes a number of new technologies that will revolutionize the web over the next few years. Understanding what DWeb offers to people becomes easier when we focus on the biggest changes it will usher in. According to a Fluence Lab survey, users value the following key Web 3.0 advantages:

➡️ Security, taking back control over personal data
➡️ No user tracking/monitoring
➡️ Community development and support
➡️ Application and technology compatibility
➡️ Project and technology scalability

These are the things that set the new DWeb infrastructure apart from the traditional web. These principles echo our project’s core values. If you find them compelling, you are welcome to join our community!

DeFi Market Stats

Since this point last week, the total value locked (TVL) in DeFi has risen +$5B to its current position over $82.7B — just below the new all-time high of $86.71B that was set this Tuesday.

We believe that in the near future the DeFi market's TVL will continue breaking through new all-time-highs as the market keeps developing. The number of fans and investors in DeFi is on a continued rise, pushing the market upwards.

How Credefi Is Making a Distinction

☑️ Credefi combines the most effective practices with the DeFi resolution. Their hybrid mechanism helps resolve real-life issues of the traditional banking sector.

How do other projects stand out from the traditional system?

🔸 Credefi is backed by a regulated EU based financial institution that contributes know-how and alternatives. It additionally provides authorized safety for lenders.
Credefi is striving to expand the opportunities for both borrowers and lenders. For example, lenders are given an opportunity to assist the initiatives they believe in and would like to see rising.

🔸 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. A few of these are related to centralized management of financial institutions, deficient access to finance of the unbanked (members would be capable of receiving loans and function on the planet of web commerce), and other market inefficiencies such as excessive bank cards interchange charges, and poor interoperability. Credefi is here to address those issues and create value to the financial industry.

Why Is Our Project In DeFi?

Do you know where DeFi is applied today? Currently, the main fields of application for decentralized finance are:

🔸 Decentralized stablecoins with each coin pegged to a fiat currency and secured with a pledge in cryptocurrency.

🔸 Loans and credit, where one group of users deposit funds into the credit pool at interest, and the other can borrow the assets they need on the security of other assets.

🔸 Exchanges built on liquidity pools, removing the need for an order book.

🔸 Market prediction protocols.

🔸 Lotteries, insurance protocols, etc...

Using DeFi technology allows us to make any process transparent, effective and reliable! At Credefi we believe that in the next few years we will see how every financial service that exists in the current fiat system will be adapted to work within the cryptocurrency ecosystem.

Meet the team: Lyubomir Blagov, CTO

☑️ We continue introducing the Credefi team members to you, and today it is Lyubomir Blagov, CTO.

Lyubomir has more than 10 years of experience in the technology sector. He has worked on multiple international projects with millions of daily users. Lyubomir possesses vast knowledge in established technologies and is always fascinated with the new ones, such as Blockchain. In addition, he founded a company that focuses on Ethereum and has already developed several successful projects. As a skilled professional, Lyubomir will be able to make the whole project become a reality and is therefore an integral part of the Credefi team.

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

Millennials Trust Cryptocurrencies Over Banks

Over the past three years young adults have grown to trust cryptocurrency more than the leading international banks. As evidenced by a research done on 4852 participants within an age range of 18 to 65 years. This comes from a JPMorgan Chase survey.

🔺 The study showed the following:

🔸 51% of Millennials trust cryptocurrency. Older generations are much less convinced by the technology, driving down the overall figure to 47%;

🔸 Over 45% of those surveyed prefer cryptocurrency over traditional assets;

🔸 60% of survey participants believe cryptocurrency to be a positive technological innovation. This figure has grown 27% over three years;

🔸 59% of Millennials believe that within the next decade most people will be using cryptocurrency;

🔸 The role of Millennials in the future of the cryptocurrency industry has been pointed out by numerous experts. Earlier an American brokerage company Charles Schwab said that this demographic invests in crypto more often than Netflix and Microsoft.

Credefi expects its customers will probably be primarily millennials. Which means there will probably be greater than 6million customers within the DeFi lending and finance sector.

Latest Stats: DeFi Lending Market

These days, lending and insurance DeFi projects are among the fastest growing ones on the market. According to conservative estimates, the total transaction value in the alternative lending segment is projected to reach more than $300 billion in 2021. Total transaction value is expected to show an annual growth rate (CAGR 2021-2025) of 4.7%.

Taking into account that the markets largest segment is crowdlending, with an expected value of $240 billion in 2021, we believe that the DeFi lending sector in general is at the beginning of its development sitting at $25 billion.

This is why we are building our project in DeFi. The place for cutting-edge innovation is here, and we are doing everything in our power to make Credefi become the world's leading decentralized landing platform. Our main goal is to provide an opportunity to participate in the global credit market and earn high interest. We are developing unique borrower security check algorithms for lenders, and working hard on making the process of getting a loan as simple as possible.

Yes we think that this trend will last in the short term however our project would not be affected by a turn in the trend

We believe that crypto is in a bull run at least for another two to three months

The start as in anything was the hardest but what we have learned is that you just need to take the first steps and adopt and face anything which comes along the way

We reevaluate and analyse the situation, we admit our mistakes and we fix them along the way. Being adaptive and flexible for us is a key to success

Credit Plus is our initial partner financial institution which is backing the project’s development. We have chosen to work with it as our partner due to their expertise in lending and collateral management and liquidation. They will assist Credefi in our operations as a means for collateral management and liquidation, hence protecting the funds of the lenders in the platform.

we use various marketing resources and ways to attract new project participants

You can see our token distribution here

DeFi Market Stats

At this very moment, the total value locked (TVL) in DeFi is at a new all-time high just shy of $80B. Putting this in the context of mainstream finance giants, Square’s market cap is currently $112B, PayPal’s is $308B, MasterCard’s is $380B, and VISA’s is $499B.
This is tremendous news for all involved in the DeFi market! Looking back at late 2020, the $25B threshold seemed like an insurmountable obstacle! Even in January, experts were so conservative, the wildest estimates spelled $50B or $100B by the end of the year...

Well, now it seems the $100B mark is easily achievable by early summer of this year!

Fxstreet about Credefi

Do you want to know more about the CREDI token and its role in the DeFi ecosystem? If the answer is yes, then we have great news for you! Fxstreet has published an analysis of our project that you can read at the following link:
➡️ https://www.fxstreet.com/cryptocurrencies/news/analysis-of-credi-token-and-its-role-in-the-defi-ecosystem-202105051536

ICOholder List Credefi!

Rating agency in the field of blockchain start-ups ICOholder already listed #Credefi. This is another clear indication that our idea and unique products are recognised by the community!

And we are happy to share the great news and the link with you today!

➡️ https://icoholder.com/en/credefi-1001003

Project are not related to a large number of comments from newbies in our thread, but we are glad to any attention to our project and always try to answer all user questions.

Financial Giants Report Unexpected Crypto Demand

Last week the CEO of PayPal said that the demand for crypto has been multiple-fold of what they had expected. He added that in the coming 5-10 years the financial system will go through more changes than in the last 10-20 years.

We have long been saying that the financial market is developing the fastest it ever has. Every day the market sees new tools emerge, the tools that allow for a faster and more convenient access to the hottest opportunities, such as crypto. Credefi is one of these tools!

In the recent article of iHodl, authors have mentioned that "The World of the Traditional Credit Industry Can Leverage Blockchain Through Credefi".

➡️ To learn more about the things our project offers to the world and the financial market in particular, click this link: https://ihodl.com/analytics/2021-04-12/world-traditional-credit-industry-can-leverage-blockchain-through-credefi/