What to do with the NBA play-in tournament?
Credefi announces a bridge between crypto and traditional credit thanks to a DeFi solution
SOFIA, Bulgaria, April 26, 2021 (GLOBE NEWSWIRE) – Recently, Credefi introduced a bridge between crypto and traditional credit through DeFi. Through the platform, participants will invest in credit portfolios, individual loans, and trade finance directly through their personal portfolio. It also offers peer-to-peer project loans, passive loans and a full range of financial services. The platform will be the first to apply bank rating models in DeFi. In their own words, âthis is the bank redefinedâ. How Credefi makes the difference Credefi is the world’s most advanced peer-to-peer lending platform. It combines best practices with the DeFi solution. Their hybrid mechanism solves real-life problems and loopholes in the conventional banking and financial sector. They offer unique opportunities to lenders and borrowers. It is backed by a regulated European financial institution that offers endless expertise and opportunities. It also offers legal protection to lenders and borrowers. Credefi aims to be the world’s leading lending platform. He wants to offer people the opportunity to participate in the global credit market while maximizing their interests. Lenders also have the opportunity to support projects that they believe in and would like to see them grow. Unlike the current banking system, which offers an unsatisfactory customer experience, the Credefi platform is designed for people and businesses to help each other solve inefficiencies in the traditional banking system. The platform offers the first DeFi products secured by real assets. Their products are not elastic to market volatility. In addition, they are designed to generate a high level of return even in the bear market. DeFi and Credefi Positioning The best part about DeFi is that you don’t need permission to participate and the liquidity is borderless. Credefi expects its users to be primarily millennials. This means that there will be over 6 million users in the DeFi loan and finance industry. Credefi was designed to solve the problems of a centralized financial system. Some of them include centralized control, unbanked banks (participants could get loans and operate in the world of online commerce), solving inefficiencies such as high credit card exchange rates, and finally improve interoperability. The Credefi Token System The Credefi token follows the state of the art with additional incentives for users that contribute to the stability of the system. Protocols like AAVE and SushiSwap were the pioneers. The platform has a high level of tokenomics consisting of CREDI and xCREDI. CREDI is an inflationary token used for rewards on the platform. It is also the token used in the sale of tokens. The main utility function of CREDI is to act as an additional layer of security for the loans offered in the platform. CREDI can be obtained by purchasing it when selling tokens, buying it from the CREDI / DAI cash pool after selling tokens on UniSwap, or getting it as a reward. After obtaining CREDI, a user can decide to sell it through UniSwap, provide it as cash on UniSwap to earn rewards, or convert it to xCREDI. xCREDI is a variable provisioning token created by stabilizing the Credefi ecosystem and burning CREDI. It is obtained when a user deposits CREDI in the security model or converts CREDI to xCREDI using the Credefi security model. Once obtained, a user can decide to participate in Credefi governance, sell xCREDI on Uniswap or provide liquidity to xCREDI / DAI Uniswap pair and receive CREDI as an additional incentive. Reasons for choosing Credefi Services The Credefi team is made up of international experts who have solid experience in financial and technical management. Their institution believes that traditional finance should open up to crypto to offer better services. Due to the high APY, lenders are entitled to full interest on the facilities they finance. The platform does not arbitrate between lenders and the agreed interests of borrowers. Lenders and borrowers are guaranteed fair deals. Credefi performs a credit risk analysis on each platform application. They also adjust their rating to match the actual data. The safety of the platform users is guaranteed due to the 3-layer security for their platform lenders. The process combines security models, a risk assessment process tailored to DeFi, and a strategic partnership with an accredited financial institution. To achieve truly decentralized decision-making and an autonomous lending platform, she designed a bridge between the decentralized decision of market players and the current financial assessment. The platform is for anyone who needs help but feels the banks have neglected them. Thanks to their decentralized structure, they believe that the participants have all the decision-making rights, and the more they are in the ecosystem, the more they can make informed decisions. They believe that the future of wealth creation lies in the concept of decentralization. Media contact Company: Credefi Ltd. Contact: Valery Beltchev E-mail: [email protected] Website: https://credefi.finance Twitter: https://twitter.com/credefi_finance LinkedIn: https: //www.linkedin. com / company / credefi SOURCE: Credefi Ltd.