Topic: Credefi combines the best practices of DeFi and traditional finance - page 15. (Read 3287 times)

Our platform should be live immediately after public sale.

Meet the team: Valery Beltchev, CFO

We continue introducing the Credefi team members to you, and today it is Valery Beltchev, CFO.

Graduate of Harvard University (MPA), MA in Finance and Banking from Paris 2 Pantheon-Assas, and PhD in banking from UNWE, Valery has a long track record in working with tier one banks such as HSBC, Fortis Bank and Crédit Agricole Bank in France. He has been in charge of big corporate clients with Société Générale in Bulgaria. He was a partner in the company representing Rothschild & Cie in Bulgaria. He was Head of Strategy and Development of the Bulgarian Development Bank, and Chairman & CEO of Fund Manager of Financial Instruments in Bulgaria (a national promotional institution operating as fund of funds for distribution of European Structural and Investment Funds with EUR 600 million assets under management).

Valery has an immense drive for innovation and passion for fintech and is always striving towards perfecting his knowledge in this field!

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

Hi so in the beginning our team will be fully responsible and will take the decisions, with time through our governance token xCredi the token holders will be able to vote on decisions and questions for the further development

Hi our team has been recruited specifically for this project and its development, we have aimed to have team members who will bring value and are already knowledgeable in their spheres

Risk range is defined by the characteristics of the borrower in the different portfolios, when we say low risk range it means that the probability of default for the credits in the portfolio is less than 5%, meaning that through our risk assessment we have defined that out of a 100 credits in the portfolio 5 could default, alternatively to answer your question no you can not lose your money, you could lose a small percentage but the likelihood of this depends on which risk range you have chosen

OK lets talk about Phase 1. You invest 100 DAI in a lowest risk portfolio. There is 5% risk that some of the credits in the portfolio will default. Out of a portfolio with 100k DAI balance there is the risk of default for 5k DAI out of the 100k DAI. Lets assume 5k DAI (5%) default. So in this case you will get back only 100 DAI * 5k/100k * 100/100k (your share of the whole portfolio) of the principal investment = 99.995 DAI. But in order to mitigate the 5% risk of default our portfolio has a minimum 10% interest. Even if you lose the 0.005 DAI out of the principle you will still receive the 10% DAI  interest on them, leaving you with a total of 100.095 DAI in the end!

How are DeFi currencies different from other cryptocurrencies?

We continue sharing information about how the cryptocurrency market works. Today we would like to touch upon the unique selling points of DeFi.

Even though all cryptocurrencies are inherently decentralized, projects that leverage this technology are often the opposite. This includes various cryptocurrency exchanges, loan platforms, prediction markets, etc. Both options have their pros and cons:

🔘 CeFi pros: high flexibility and liquidity. More effective tech support. Professional asset custodianship. Rapid adaptation to client demands. Cross-chain swaps. No issues with exchanging BTC for XRP or LTC for ETH on a centralized exchange. Fiat support.

🔘 CeFi cons: all assets stored on the platform are outside of reach for the user and are thus vulnerable to threats capable of breaching the security system.

🔘 DeFi pros: user has full control and responsibility for his assets and sensitive information. No human factor — all transactions are carried out through automated smart contracts. Full access from anywhere with an Internet connection. Open source. Innovative.

🔘 DeFi cons: as a rule, it is tied to one blockchain (most often Ethereum).

DeFi platforms and tokens are becoming more and more widespread and now cover almost all facets of financial activity where it was previously impossible to do business without the help of middlemen.

☑️ What do you think about DeFi and do you believe we will see more of these projects in the future?

Start in June. We will announce the exact date later. follow the news

Not. Detailed information on our website credefi.finance

Detailed information on our website credefi.finance

Advantages of Credefi

What are the advantages of our project? This is one of the most frequent questions you ask on our social media! Today we would like to touch upon it once again, by outlining them in a separate post!

☑️ 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.

☑️ Strong Liquidity. Because the global digital asset market is a decentralized financial institution, it creates a vast pool of liquidity.

☑️ 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.

☑️ 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.

🔺 Even more information about  Credefi can be found on our site https://credefi.finance

You can see our roadmap to get full information in our whitepaper: https://credefi.finance/documents/wp.pdf

The core idea is to create a positive feedback loop and mutual benefits between all stakeholders of the Credefi network.

Credefi addresses this topic differently:
• Option for peer-to-peer loans;
• Offers full spectrum of financial services;
• Passive lending;
• Peer-to-peer project-based lending;
• Trade Finance;
• Credefi is backed by a regulated EU financial institution, which provides endless
know-how and opportunities as well as legal protection for both lenders and
borrowers.

every day we publish the latest news about the project and its development. Subscribe to our social networks

Everything you need to know about the CREDI token in one post

💠 We would like to tell you about the CREDI token — we have gathered all the important information in this post so that you could find all the key details in one place!

🔺 And now some raw data:
🔸 Symbol: CREDI
🔸 Networks: Ethereum (ERC-20)
🔸 Supply: 150.000.000 Tokens

Stay tuned to our news to keep learning more about CREDI!
And don’t forget to visit our token’s page on our website: https://credefi.finance

Yahoo.finance About Credefi

The list of media outlets who have already reviewed Credefi has grown - our project has been featured in Yahoo.finance!
This is not surprising, since Credefi works as a bridge between the world of traditional finance and cryptocurrencies! Their attention towards our project is clear indication of how an interesting idea and a unique product make all the difference these days! And we are happy to share the great news and a link to the article:

YAHOO FINANCE
https://finance.yahoo.com/news/credefi-announces-bridge-between-crypto-144800710.html

YAHOO NEWS
https://news.yahoo.com/credefi-announces-bridge-between-crypto-144800710.html

YAHOO MONEY
https://money.yahoo.com/credefi-announces-bridge-between-crypto-144800710.html

yes!

Phase 1 will be operational after public sale

How Credefi Transforms DeFi Market

The DeFi market is growing at an unprecedented speed! Just earlier this year DeFi wasn’t considered too special, and analysts weren’t sure if the market will continue the uptrend, but 2021 saw an even bigger surge!

Today the ecosystem’s total value locked (TVL) rose to $62B and reached its all-time high. This is truly amazing — every day the DeFi market sees a dozen new projects ranging from investments to risk hedging, etc. However, Credefi is a unique one, and in a lot of ways it changes the way people look at DeFi.

We have already talked about how Credefi is, in some sense, a bridge between the traditional finance market and DeFi. Our project got the best from both worlds! The goal of Credefi is to leverage decentralized technologies in solving the problems that users face in traditional finance. 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.

There haven’t yet been anything like this on the DeFi market, and we want these opportunities to be available to the maximum number of investors!

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

Credefi’s solution offers its participants a choice to either passively earn yield by funding a whole set of credit portfolios or participate
in individual projects or deals giving them abnormal returns. Furthermore, in the long term, Credefi aims to become a market-driven, automated crediting system. All of these features are combined in one project which have three distinct phases to it, explained in detail below. Credefi is the first project of its kind offering all the services of a Self-Bank in the crypto space.

thank you for reading the news about the project and follow the publications

Meet the team: Valentin Dmitrov, Co-Founder & COO

👍 We continue introducing the Credefi team members to you, and today it is Valentin Dmitrov, Co-Founder & COO.

Valentin is a Co-Founder of Credefi and has a vast and diverse background in both the financial and technology sector. He gained his experience through his work for European Parliament (ECON committee), VTB Capital and a Fund Manager of Financial Instruments in Bulgaria with more than 600 million euro under its management. As an early adopter of bitcoin and Ethereum since 2013 while completing his degree in Bocconi University, and a technology enthusiast who has expertise in Cybersecurity matters, Valentin is a major asset of the Credefi team.

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

What are ETH smart contracts?

And why do you even need this information? We want our users to have a deeper understanding of how modern technology works, so we are sharing this knowledge with you, some of it basic, some of it advanced. Credefi is using smart contracts to achieve full transparency and accountability, so let’s try to unpack what this actually means!

Smart contracts are applications that run on the Ethereum Virtual Machine (EVM). These are applications that are executed automatically upon fulfilling certain prerequisites set by their programmers.

Smart contract advantages include a built-in protection from the human factor. Nobody can tamper with a smart contract, and there is no need to trust the third party to release money on time or validate a transaction. What’s also important is that the contract runs on the blockchain, and will continue to work for as long as there is electricity and the Internet on the planet, regardless of the status of the developer's website or other external factors.

Smart contracts are used for a myriad of applications, from data storage to crowdfunding. With that said, they are completely transparent and anyone can monitor the current state of the smart contract as well as audit all the transactions it has been a part of through a blockchain explorer such as Etherscan.

Learn more about the technology we use on our website: https://credefi.finance/

AMA Session with Credefi Executive Team

Great News for everyone!

🕐 AMA Session with Credefi executive team will take place on Saturday 24th of April.

💡 The idea of the AMA is for the executive team to participate and answer questions in other Telegram groups which might have interest in the project.

💬 If you have a question, now is the time to ask it! We want more people to know about Credefi, and have limitless access to the information about our project!

Thank You

Want to learn more about Credefi?

It’s easier than you might think! To begin, visit our website: https://credefi.finance

There you will find information about our project, token, developer team and a lot of other interesting things! Think this is not enough? Subscribe to our social media pages:

🔅 Telegram chat https://t.me/credefi
🔅 Telegram channel https://t.me/credefi_news
🔅 Reddit https://www.reddit.com/user/Credefi
🔅 Twitter https://twitter.com/credefi_finance
🔅 Bitcointalk https://bitcointalksearch.org/topic/credefi-combines-the-best-practices-of-defi-and-traditional-finance-5330290
🔅 Medium https://medium.com/credefi
🔅 LinkedIn https://www.linkedin.com/company/credefi
🔅 Discord https://discord.gg/R5C9tpZY3t

And another important thing: make sure to check our whitepaper!

🔺 To do it, visit our website or follow this link https://credefi.finance/documents/wp.pdf

💡 What is Passive Income?

🤓 Do you know what passive income is?
This income is independent from your daily activities. This includes interest from bank deposits, dividends, rental payments, royalties from intellectual property or patents. This kind of income doesn’t require you to take daily actions (as opposed to a paycheck that you have to earn).

There are many ways to secure passive income. The most common is a bank deposit, however, in this case the yields will be minimal.

We are creating new passive income options for the Credefi project community. The token holders will have the choice to invest stable coins in different portfolios depending on the risk they are willing to take. 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.

🔺 Learn more at https://credefi.finance

Coincodex about Credefi

CEO of Credefi Ivo Grigorov gave an interview to a Coincodex reporter. If you want to learn more about our project — see the big article about Credefi on Coincodex at the following link: https://coincodex.com/article/11067/10-questions-for-ivo-grigorov-the-ceo-of-credefi

Credefi is a project that aims to create a decentralized platform, which solves both conventional finance and DeFi real world problems. It utilizes the strengths of both domains in order to create a hybrid model that will give users real world applications and usability. 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. The project will revolutionise the way your money is utilised by providing full spectrum of services, creating hybrid approach between DeFi and traditional banking. The platform will connect the willing parties not only in the form of peer-to-peer lending and borrowing, as many of our competitors already do, but also allow to invest in whole credit portfolios, and provide trade finance services, directly from your own personal wallet.

In private sale, the price of 1 CREDI will be $0.07 and we will offer 10 million CREDI.

Market Problems, Credefi Solutions

It is time to tell you why we have decided to launch our project and what problems of the market we are going to solve. Today’s post will be discussing exactly that.

It’s easy to guess that Credefi is a project about finance and credit. Now, what market problems does it actually solve?

Banks are inefficient when it comes to working with borrowers and lenders. A lot of potential borrowers have no access to loans due to over restrictive regulation and centralized, slow decision making and operations. In their turn, lenders have no control over where their money goes, and have to contend with low yield rates on their capital.

The banks use for an excuse a variety of general global threats which allow them to deem the all-time-low interest they pay – “the best possible yield in the current state of the world economy” while still keeping in vail where your money is invested and how much they earn. We challenge you to call your bank and ask them what interest they will give you for a deposit of EUR 10 000 and what interest they will charge you for a loan of that amount. We are sure you won’t like the results.

At Credefi we believe that since it is your money, you should have control over where and in what assets they are invested and the return yield from this should be paid in full to the actual provider of the funds - you. We are working on building an efficient pipeline for choosing potential clients and assessing risks, which we have covered in our Medium.

We aim to turn the banking industry into a decentralized system, where each participant has the rights to the majority of the profits for taking the risk of lending their funds.