Bitcoin Forum

We are happy to welcome you on the Credefi social media page!

You may think the only thing we are going to talk about in our posts is our project’s upcoming public sale, but that isn’t the case at all.

🚀 Credefi  offers cutting-edge financial solutions. This field of innovative technology is now changing the very world around us, and we are going to be covering this topic on our social media.

☑️ We will tell you about what the blockchain technology is and how it will help make our project as transparent and fair as possible; what smart contracts are, and how this technology benefits everybody, and, finally, what DeFi is and why this technology has become so popular in the past few years, so much so it keeps attracting more followers each day.

☑️ We will also talk about Credefi and why you should take a look at our project. In fact, the answer is on the surface: Credefi has been built using cutting edge technology that allows making modern financial tools more accessible. 

☑️ We use blockchain technology to make sure the project is fully transparent and reliable. We will further elaborate on that in the future.

👍 Stay with us! Lots of interesting things ahead!

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Let’s talk About DeFi?

In today’s post we would like to remind you that Credefi is a DeFi project, which means that to get the most benefit, you need to know more about DeFi!

DeFi stands for Decentralized Finance. Decentralization is a process of distributing the power among all the participants of a system, without a central governing body. Today, the majority of traditional financial and state systems are centralized, and this approach is plagued with flaws. The main issue is that they have points of failure: a security breach or a central server/facility malfunction negatively affects the rest of the system.

Originally, cryptocurrencies were developed as a decentralized network that has no single point of failure, which makes it democratic, more stable and efficient compared with regular money.

The technology behind decentralization in Bitcoin and most other cryptocurrencies is called blockchain. Blockchain gives every user the ability to serve as a node that checks the validity of transactions.

💡 What do users get from decentralization? Here are a few key advantages that users get from 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.

Of course, decentralized networks have their downsides too: they are usually slower to develop, have lower adoption rate, might be more expensive or have lower efficiency at the time of launch. However, most users agree that the end result is worth the effort.

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The World of the Traditional Credit Industry Can Leverage Blockchain Through Credefi

📝 Friends, another day, another great news! IHODL, an international media outlet, has published an article about our project!

➡️ Click the link to  read the full article and learn more:
https://ihodl.com/analytics/2021-04-12/world-traditional-credit-industry-can-leverage-blockchain-through-credefi

https://ic.wampi.ru/2021/04/14/image86e3401f3d5521d4.md.png (https://wampi.ru/image/RnoObzi)

What is Credefi?

💢 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

https://ic.wampi.ru/2021/04/14/image913b6c721545cdaf.md.png (https://wampi.ru/image/Rvco7fQ)

What is blockchain and why is this technology so important?

The idea at the core of blockchain has been around since 1991, but it was only after 2009 that the technology got proper recognition, when Bitcoin was launched by the mysterious person (or even a group) called Satoshi Nakamoto. The true identity of Satoshi hasn’t been found until this day, but his technological innovation has succeeded in making the world reconsider the way we create and use money.

BTC transactions are peer-to-peer, which means that money flows directly from one user to another, without involving authority such as banks, regulators, or governments, etc.
This is as transparent and safe as it gets — all transactions are traceable, yet can’t be regulated by authorities.

This technology ensures maximum transparency, reliability and security of transactions. Blockchain can increase efficiency and security across a wide range of industries and businesses (financial sector, charity, supply chains, healthcare, etc).

Blockchain-based projects pop up every day! This is exactly the technology we are leveraging to advance the financial market and create a unique product that will improve millions of lives with technology and new tools for securing income.

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👏🏻 We are happy to share an article from Cointelegraph that conveys our opinion: https://cointelegraph.com/news/defi-s-critical-missing-piece-credit-scores

We have been working hard on choosing the most objective and fair criteria. We would be excited if you read our article where we laid out what we’ve achieved so far.

Credefi’s answer to the pointed market inefficiency

It is true that the lack of knowledge and information for the borrowers in the Defi segment leads to the necessity of over-collateralisation, however the proposed solution to the problem in the article is far away from actual implementation. Although on-chain credit scores are a possibility in the far future, today they are but just a dream.Moreover, there will be no real proof that credit scores computed off-chain will be the result of robustcredit risk modelling and sound quantitative risk management practices.

The use of over-collateralization in the beginning of any project is the most basic form of risk management when there is no source of a trustable measure of creditworthiness. Therefore, if we consider a P2P lending project, the main issue becomes how to create a credit risk assessment framework (and as a consequence credit models and scores) that will serve two main purposes:

- first to provide the lender with quantification of credit risk that can be trusted and
- second to show the borrower that he has been assessed objectively by unbiased statistical methods.

These two elements will provide the necessary anchoring to the negotiation between the lender and the borrower. They could obviously reach an agreement for the loan at a different price level. They could bargain and speculate, but at the end of the day, theme asure of a fair credit risk score (and corresponding risk premium) would be the assessment of the majority of market participants. As long as the offer meets the demand, it signals good efficiency of a risk-based pricing agreed by the market.

The introduction of viable credit risk scores would thus make it possible for real economy businesses with potential to be financed at fair prices in the DeFi space and not to be ripped off by crypto market enthusiasts seeking to ride the next bull market and get an abnormal profit.

In summary, risk scores need to be trustworthy, robust and based on proven risk management practices. At Credefi we have designed a bridge between the current Defi marketplace and the future by merging the traditional risk management tools with the decentralised decision making. Our framework relies on sound technical infrastructure able to handle big data computations and real time risk scoring, and proven risk management practices Both will be continuously applied over the growing lending activity on the platform to arrive at a risk-based pricing that will be representative for all markets we operate in.

The credit score system implemented on the platform applies both quantitative and qualitative criteria.

Qualitative criteria:
- Know your customer (KYC)
- Professional experience
- Age of the borrower
- Reputation and management’s expertise
- Credit history and liabilities in public registries
- Proof of ownership and right to representation

Quantitative criteria:
- Credit Policy Rules. Hard credit criteria that set exposure thresholds and minimum levels for specific financial ratios based on the credit product type and borrower’s segment
- Application Scorecards. Statistically developed based on our historical credit portfolio

The combination of the criteria above allows for the application of a model that provides to the lender a statistically accurate probability of successful repayment of the loan they choose to finance. Through the collection of historical data on the credit deals done on the platform the models are adapted,statistically validated over time and refined with the increasing amount of data in order to produce risk-based pricing that will be accepted by the market as fair and objective. Only with this approach we can expect to apply the automated truly decentralized lending in the future. The collection and management of data is the only means by which the model can evolve and enable true decentralized decision making in the future.

Benzinga About Credefi

We would like to share a review of our project by Benzinga! If you wanted to learn more about our unique approach to lending in DeFi — follow the link below:
https://www.benzinga.com/markets/cryptocurrency/21/04/20601969/new-defi-lending-project-credefi-offers-a-unique-approach-to-lending-and-investing

https://ic.wampi.ru/2021/04/16/image7e14eaac950d09fb.md.png (https://wampi.ru/image/RvMpmVn)

Credefi at Bitcointalk

If you’re looking for the best place to discuss cryptocurrencies, Bitcointalk becomes the obvious number one choice — it’s the oldest and biggest internet forum about the blockchain technology and cryptocurrencies as a whole. The website launched in 2009 when Bitcoin was worth just about a fraction of a cent.

Originally, Bitcointalk was created by Satoshi Nakamoto – the creator of Bitcoin, who may or may not be a person or a group of people whose identity has remained in the shadows ever since. Prior to creating Bitcointalk, Satoshi would use SourceForge to discuss his creation. Unfortunately, the logs of those discussions are gone now. His original Bitcointalk profile is still available – last seen online 13 December 2010.

According to stats, there are 3.2 million registered users on the forum who have written over 56.6 million posts in total. Since its creation, Bitcointalk has had a few billion pageviews. An average of 500 new users sign up every day with the ratio of men to women at 4:1.  Bitcointalk.org was built with SMF – an open-source software pack. Its design and functionality haven’t really changed since the day it launched. The “Announcements (Altcoins)” subforum is one of the most popular on the entire website, followed by “Bitcoin discussion” and “Altcoin discussion”.

✅ Our project has decided to start a thread on that subforum – we invite you to visit the official Credefi project thread https://bitcointalk.org/index.php?topic=5330290

We will be glad to see you among the visitors of our Bitcointalk thread where you can share your opinions and give feedback!

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The project will develop according to the roadmap. We will continue to increase the number of users

In private sale, the price of 1 CREDI will be $0.07 and we will offer 10 million CREDI.
Actually, this is only for private sale after that we will also conduct public sale in which the price of the token will be $0.10 and we we will offer 110 million Credi.

Yes, 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.

You can also read more about our project in whitepaper: https://credefi.finance/documents/wp.pdf

Meet the team: Ivo Grigorov, Co-Founder & CEO

We believe that every project needs to have an innovative idea, but it takes a strong team to bring that idea to reality. Credefi has both – a brilliant idea and a team of like-minded professionals who are building it to last. Today we would like to introduce to you our Co-Founder & CEO - Ivo Grigorov.

Ivo is an experienced Finance Specialist with a demonstrated history of working in the banking industry. He was extensively involved in the development and design of diverse financial instruments in both debt and equity segments. His skill set includes expertise in Market and Credit Risk, Capital Adequacy, and Management. As a strong banking and finance professional with a Master of Science (MSc) focused in Global Banking and Finance from European Business School (EBS) – London, he has a proven track record on successful implementation of financial products. Ivo has been in the blockchain and crypto market since early 2016 and a firm believer of its future applications.

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

https://ic.wampi.ru/2021/04/19/image21924c480293d0aa.md.png (https://wampi.ru/image/RvnI1Xg)

we tell more about the team in our publications and on the project website https://credefi.finance

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.

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.

https://ic.wampi.ru/2021/04/20/imagef9d0a5fafd453511.md.png (https://wampi.ru/image/Rvwonpr)

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.

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

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💡 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

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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://bitcointalk.org/index.php?topic=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

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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

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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/

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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.

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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

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

https://ic.wampi.ru/2021/04/26/image3639be6ba3e11aaf.md.png (https://wampi.ru/image/RvQId6l)

yes!

Phase 1 will be operational after public sale

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

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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

https://i.ibb.co/jHMTrKL/image.png (https://ibb.co/QXNfKB6)

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

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

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

Not. Detailed information on our website credefi.finance (http://credefi.finance)

Detailed information on our website credefi.finance (http://credefi.finance)

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?

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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!

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.

https://ic.wampi.ru/2021/04/30/image1d8a3d1e3927ab6a.md.png (https://wampi.ru/image/RwcmAdY)

Our platform should be live immediately after public sale.

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/

https://ic.wampi.ru/2021/05/03/imagea818be0544fe3417.md.png (https://wampi.ru/image/RwbC9by)

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.

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

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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

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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!

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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

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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

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.

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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.

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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!

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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.

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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.

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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.

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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!

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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

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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

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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!

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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

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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.

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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.

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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!

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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

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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!

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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!

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📣 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

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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!

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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!

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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

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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.

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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.

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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!

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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.

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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.

https://ic.wampi.ru/2021/06/09/image5121591b87f601a2.md.png (https://wampi.ru/image/R84pLHn)

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!

https://ic.wampi.ru/2021/06/10/imageec18f8a11b4014f8.md.png (https://wampi.ru/image/R8njv5a)

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!

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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.

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

https://ic.wampi.ru/2021/06/13/imagefe755517b696fa29.md.png (https://wampi.ru/image/R8BpvGq)

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

https://ic.wampi.ru/2021/06/13/image375ea0af2d7e06df.md.png (https://wampi.ru/image/R8BXjY8)

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!

https://ic.wampi.ru/2021/06/14/image762f8c87f7ea4e5d.md.png (https://wampi.ru/image/R8a0T66)

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/

Credefi will become a strong fintech foundation platform

Today in the age of fast, supernova technologies credit organizations hardly introduce innovations in their work. What's the end result? The result is a system that has many disadvantages!

The modern world – is primarily a financial freedom, the ability to have easy and quick access to money anywhere in the world. Credefi  provides the professional tools of the credit industry to its token holders, while enabling them to manage their own funds in a decentralized way. Credefi’s solution offers its users a choice to either passively earn a yield by funding loan portfolios or lend to individuals.
In the long run Credefi aims to become a market-driven, automated lending system. All of these features will be launched in three distinct phases explained in detail below.

Credefi is the first project offering all the functionalities of a self-service Bank in the crypto space.

Do you want to know more? Click on the link: https://credefi.finance

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Credefi project and DeFi sector analysis

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. The biggest advantages of DeFi are that it doesn’t require permission to participate, same rules apply to everyone, liquidity is ’borderless’ (you can access the market from anywhere & anytime as long as you have internet), and it’s non-custodial so you have full control over your money and you can use it the way you want.

Credefi is a project in one of the fastest growing markets today. A key differentiator and factor for success is that Credefi is the only DeFi lending and investment platform that is backed by a real world regulated financial institution that already has access to a wide range of clients, projects and partners.

What it means is that we have chosen the right time and the right market to bring our project to life, and you have the perfect opportunity to join us!

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We’re in active discussions with potential partners, but we choose not to disclose this info at this stage. More news will follow shortly

Yes we will provide an option for staking. But please wait for sometime, we will provide all the information about staking after the sale. By then stay in touch with us!

Credefi Announces a Bridge between Crypto and Traditional Credit through a DeFi Solution

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

We will be releasing all the other details about platform very soon.

Let’s Talk Legal

Credefi - is more than just a revolutionary project. It is also a project based on an incorporated, real business, and since our core values include security and transparency, today we would like to tell you about Credefi Ltd. and our partners.

Credefi Ltd. is registered in Bulgaria, commercial registration number No.206396291, with the purpose of organizing the proprietary development of Credefi’s decentralized finance platform. This is the company we are building our project upon.

We would also like to introduce our partners: Credit Plus. This company was established in 2013 with the purpose of lending in the retail and the corporate segment. The company is licensed as a financial institution that undertakes financial operations within the EU and has gone under extensive regulatory examination by the central bank. The commercial registration number is No.202475916, the license number for a financial institution is BGR00315. Credit Plus is our initial partner  who 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 are constantly expanding both the project and the list of partners. Stay tuned to our news!

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What you need to know about the CREDI token

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!

CREDI is an inflationary token used for rewards on the Credefi platform and the token used in the token sale. CREDI has a perpetual inflation of 5% based on the initial CREDI supply of 150 million tokens. An equal amount of new CREDI will be released into the system each year, meaning that the percentage Year-on-year inflation will decrease over time.

The main utility function of CREDI is to act as an additional security layer for the loans issued on the platform. Users can get passive income as liquidity providers for CREDI on UniSwap or liquidity providers who deposit their xCREDI LP tokens in the security module.

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

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Right now, we can't commit anything. But as per the requirement and need in future we will make an announcement about it.

Cryptocurrencies Are Society’s High-tech Cry For Help

This is what Forbes Media head Steve Forbes called Bitcoin. He believes people no longer hold the same amount of trust for the traditional currencies and are instead calling for something more high-tech.

It’s hard to disagree with Steve Forbes. It is evident enough: cryptocurrencies are capable of replacing traditional money in any part of the world. They have great potential as unbannable anti-inflation and anti-sanction safe haven assets. With this in mind, the popularity of cryptocurrencies are set to only become more and more popular.

Every day millions of cryptocurrency transactions take place. In just a few years it will be unfathomable to imagine society without crypto. This is only the beginning, however! It is within the realm of possibility that in a few more years we go cashless all the way. Why? Because digital assets are a clearly superior option!

Credefi is keeping up with the times. We are working on a crypto peer 2 peer 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.

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We will disclose all thr information regarding exchanges soon.

The audit will be completed very soon. Till then stay tuned with us!

DeFi Market Stats

We continue our weekly tradition of publishing DeFi market stats! The size of DeFi acutely shrunk again this week, with the ecosystem’s total value locked (TVL) declining from $58.79B to $55.25B. That’s not some major drop-off, right, but we’re certainly not in the “up only” environment we were in just a handful of weeks ago!

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Market analysis, opportunities that we can provide

Congratulations to the referral program leaders of this week!

We are excited to congratulate our users who invited the most referrals this week! These guys have earned our attention and applause:

https://twitter.com/KuntulBerbulu - 101 referrals
https://www.twitter.com/HhvgVtU8qaaYFqF - 34 referrals
https://twitter.com/saputrodimas770 - 13 referrals

They got one step closer to become $CREDI token holders! If you want to follow their example — join our referral program.

For more details, visit:
https://telegra.ph/Credefi-Official-Telegram-Referral-Campaign-06-13

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Credefi is a strong project. The market situation will not affect the development of the project

Read more: https://t.co/s4Uifs5hyU?amp=1

Lending On Blockchain - its strengths and advantages

Why does the lending sector seem to be so attractive to blockchain initiatives? We used to look at banks and other financial institutions as something built for our benefit. However, these institutions, just like any other business, act solely to cover their bottom line. When it comes to providing loans, they will always act to boost their own profit as much as possible.

This leads to SMEs and other users having difficulty accessing the lending market. With that said, small and medium enterprises (SMEs) are considered to be the backbone of emerging markets. They comprise some 95% of businesses all over the world, and employ 65% of the workforce in total. It is estimated that over the next 15 years, SMEs will create 600 million jobs, which makes this market quite attractive.

Lending through blockchain is peer-to-peer, making the whole process smoother and faster. The middleman (bank) is replaced with a decentralized protocol, which connects lenders and borrowers directly. With that said, borrowers get to enjoy competitive prices — the protocol covers the entire world.

Since all transactions are public and verifiable, each address can be assigned a credit score. Each transaction on any given address can be analyzed.

Blockchain allows lending to become much more transparent. The process of providing a loan — from the initial request to the actual payment — happens on the blockchain, which makes it both cheaper and faster.

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What Services Does Credefi Provide?

What exactly will Credefi users gain from participating on the platform? We have covered a lot of what our platform does in the previous posts, and to briefly reiterate on that, we combine the advantages of traditional financial systems and blockchain.
This means:

Credefi will take full advantage of the decentralized finance capabilities of the blockchain, with direct peer-2-peer finance, liberalizing the process of lending and borrowing by connecting the willing parties worldwide. 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.

Want to learn more — visit our website https://credefi.finance

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The total supply of our project is 150 million CREDI.
The roadmap is available on our website credefi.finance (http://credefi.finance)

CREDI Token Economy Paper

Did you know that we have published a document called Economy Paper? It delineates our project’s financial structure, and will help you understand how the Credefi economy works! 

Credefi is powered by its two main tokens - the CREDI and xCREDI tokens, which are compliant with the ERC20 standard and will be issued on the Ethereum network.

CREDI is designed to be an inflationary token, used for rewards and acting as an additional security level for the loans issued on the platform. It will be offered via private and public token sale and later available for purchasing and selling on the CREDI/DAI liquidity pool on UniSwap.

xCREDI is a variable supply token created by burning CREDI and stabilizing the Credefi ecosystem. Users who deposit CREDI in the security module could also benefit from multipliers and are allowed to participate in the Credefi governance.

Want to learn more? Follow the link https://credefi.finance/documents/ep.pdf

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Currently, we don't have such plans. But we will think about it as per the need in future.

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 is 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 best.

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DeFi Market Stats

This week, the total value locked (TVL) in DeFi dropped below $50B for the first time since late May 2021. At the time of writing, the ecosystem’s TVL was hovering right around the ~$48B mark.

At this point, uncertainty is reigning. Many people still think the rest of 2021 will foster a bullish uptrend for crypto and DeFi, yet the recent market chop has more folks feeling bearish sentiments than we’ve seen for a while. In the meantime, the verdict’s still out, so bulls, bears, and those in between will just have to keep watching closely to see which way the market breaks next.

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Hello!
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.

Digital Kapitalist About Credefi

You might have got used to reading about our project, how about watching a video about it? A YouTube channel Digital Kapitalist has released a review of our project some time ago, and if you haven’t seen it by now, this might be the time to do it!

We are excited to share the link to the review: https://www.youtube.com/watch?v=TcFOtnV70PQ 

https://ic.wampi.ru/2021/06/29/image6d3ce4f1be89f5bd.md.png (https://wampi.ru/image/RFAhDTq)

Credefi: two-token project

We would like to remind you that the Credefi token economy setup follows a state-of-the-art two-token system with added incentives for users who contribute to the system’s stability:

- 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.

Two tokens allow projects to fine-tune their economy. Two tokens enable more features, mechanisms and opportunities for our users' benefit! This way Credefi enables users to make money and participate in the governance process, voting on various initiatives!

https://ic.wampi.ru/2021/06/30/image8208d6fb81574ef5.md.png (https://wampi.ru/image/RFEVf2t)

The Global Liquidity Market

When looking at the global economy today, it is undeniable that one of the most foundational components that underlies a large number of financial products is the ability to lend and borrow assets. Lending provides participants passive yield at a controlled level of risk, while borrowers gain access to working capital for which they can do as they please. This is what is commonly referred to as a money market.

In the traditional financial system of today, money markets are operated by centralized middlemen. It is them who end up making the decisions on whether to approve a loan or not, how high the interest rate should be, putting a limit on a lender’s profitability — effectively disrupting the ability for any participant to engage in financial activity. Such centralized middlemen have proven historically they have no ethical barriers against such activity.

What if there was a money market that didn’t require a centralized middleman, but instead interactions were facilitated by a credibly neutral decentralized protocol that nobody could interfere with? We believe the market situation could be much different! This is exactly what we’re striving towards with Credefi! We are building a 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.  Using blockchain guarantees transparency and accessibility of our solution, which means there will be no artificial barriers to loans!

https://ic.wampi.ru/2021/07/01/imageb4f7b7b18d2163ab.md.png (https://wampi.ru/image/RFkB0Sq)

Why do more and more people use cryptocurrency?

Buying things using cryptocurrency or sending money in Bitcoin is absolutely normal to a huge number of people all over the world! Cryptocurrency's user audience is growing every day, but why is that?

The field of cryptocurrency has no authority that decides whether or not your transaction goes through. Nobody can block your wallet or inquire about the nature of the money transfer. Nobody limits the amount of money a user can send or receive.

Traditional payment systems have all kinds of built-in limits, checks, human errors and legal boundaries. That being said, all of the above works against the client, always. In crypto, however, everything is in the hands of the users. This is why the main cause of its growth in popularity is how it offers independence in handling your finances!

At Credefi we want to give cryptocurrency holders even more abilities to manage their finances! Borrowing or lending money through our protocol is fast, transparent and effective. We combine the best aspects of both traditional finance and cryptocurrencies, offering you an opportunity to make money — and make your life easier!

https://ic.wampi.ru/2021/07/02/image25e7516f1d0bcd42.md.png (https://wampi.ru/image/RFNwO7l)

Fiat – Out, Cryptocurrencies – In

Digital currencies are the future. The Credefi project team realized this long before entire countries started thinking about creating their own digital currencies. Once our project came to be, we began building our own digital currency, and what do we have now? In an effort to make up for wasted time, whole countries are rushing to create national cryptocurrencies!

Among the countries diligently working on the launch of their own cryptocurrency are China, Japan, Turkey… Digital assets have also been of interest to the US and some European countries (Estonia, for example, already has a digital currency in place). El Salvador has decided to simply adopt Bitcoin as a legal tender.

What is the natural conclusion? Today governments understand: the fourth industrial revolution is coming and the economic system will also change – fiat will fall out of existence. Time will tell whether or not national cryptocurrencies will be in demand, but such currencies won’t be decentralized, that’s for certain. Lest we forget that decentralization is the primary advantage of any cryptocurrency.

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DeFi Market Stats

DeFi’s back on the mend, at least acutely, as the decentralized finance ecosystem saw its total value locked (TVL) climb from $48B to $52.94B since this time last week.

Is the latest crypto shakeout over, then, and is $100B in our near-term targets again? That remains to be seen!

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DeFi protocols VS CeFi platforms

The crypto lending market is constantly developing! But let’s try to figure out why that is. Why are decentralized financial protocols better than centralized ones when it comes to lending?

CeFi platforms (both virtual and traditional) work on the same principle as most banks. In fact, banks are CeFi platforms by nature. They hold deposited assets, sometimes lending them to third parties, which ensures profit for the depositor, and a loan to the borrower. On paper, this model sounds good enough, but in reality we are stuck with a number of issues such as embezzlement, hacks, artificially low balling interest rates, etc.

DeFi protocols can, on the other hand, allow users to become lenders and borrowers in a decentralized system, and have full control over their money. This has become possible thanks to smart contracts that function on open blockchain solutions, such as Ethereum. In contrast with CeFi, decentralized platforms can be used by anyone anywhere, without the need to submit personal data to a central authority, wait for it to process the data or go through tedious bureaucratic procedures. As you can see, DeFi solutions are much more attractive, which is why we are working hard to combine the best from both worlds — centralized traditional finance and decentralized cryptocurrencies. It is thanks to this approach Credefi has managed to build such a capable and useful product!

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Credefi Announces Official Ambassador Program

Team Credefi is beyond excited to announce its brand new Ambassador Program, designed entirely for Credefi enthusiasts all over the globe who wish to spread the word about the protocol across their own international communities.

☑️ What is in it for you, you might ask?
☑️ What will you do as an Ambassador?
☑️ What reward will you get?
☑️ How to apply and become a proud Credefi Ambassador?

📍 Answers to all of these questions at the link:  https://link.medium.com/uoXaOqZzHhb

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What are Stablecoins?

We have mentioned the term “stablecoin” many times. What is it, anyway? How are stablecoins different from other cryptocurrencies, what are they good for and why have they become so popular? Let’s find out!

The first and most striking difference between stablecoins and regular tokens is that they keep all the advantages of cryptocurrencies (decentralization, transparency, anonymity) while being totally unaffected by volatility issues. As a rule, they are pegged to a fiat currency.

By the way, there are stablecoins that are pegged to other cryptocurrencies – a form of asset tokenization. For instance, to be able to use Bitcoin in DeFi projects on the Ethereum blockchain, wBTC – a tokenized Bitcoin, was created.

Some stablecoins are backed by real assets, while some maintain their peg through algorithms only.

In the field of DeFi stablecoins are playing an integral part and are used as the foundation for a lot of protocols. Our project is no exception.

This way stablecoins serve as a bridge between the world of traditional finance and that of cryptocurrencies. They are vitally important in increasing cryptocurrency technology adoption, making it more and more widespread each day.

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Let's talk about profit!

How exactly will Credefi guarantee a good APY depending on the risk appetite of the user? This is pretty simple - we leverage our staking mechanism to ensure the consistent and stable supply of funding on our platform. Those who choose to yield-farm, receive a stable return as a reward for their holding. A guaranteed 10% APY is a golden mean - it’s not over the top, but at the same time, it way exceeds many prevalent on the traditional financial market.

However if a user wishes to undertake a higher risk and accordingly receive a higher return they may choose to do so on our platform, the highest risk range offered by our platform can return up to 60% APY per annum. In this sense, our platform goes way beyond what banks can offer and also satisfies the appetite for a moderate risk or higher risk which justifies a higher return.

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

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Why do you need CREDI tokens?

CREDI is an inflationary token used for rewards on the Credefi platform and the token used in the token sale. CREDI has a perpetual inflation of 5% based on the initial token supply of 150 million tokens.

What are CREDI used for on our platform? Everything! It is an effective instrument for staking, reward generation, yield farming and exchange. We try to leverage it as an investment mechanism in the first place, and as our native token, it is instrumental for the maintenance of our platform and spreading rewards. In order to manage money effectively and take advantage of all the platform's features — you simply need the CREDI token!

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DeFi Market Stats

We continue our weekly tradition of publishing main stories in the DeFi market! DeFi is showing a bit of renewed strength lately, with the total value locked (TVL) in the ecosystem having risen from $52.94B to $55.73B since last week. That makes this the second week of steady growth in a row now for DeFi after its TVL slump to ~$49B toward the end of June!

So we might not have seen explosive growth in recent days, but the acute return of DeFi’s uptrend has more people starting to settle down and feel firmly bullish again.

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Credefi Roadmap

You often ask us about our project’s roadmap. In our website updates, we have dedicated an entire section for the roadmap. However, in this post today we would like to draw your attention to our plans. So, let’s have a look at the Credefi roadmap!

The development of Credefi is in full swing, and in the near future we will have our testnet smart contract independently audited. It is only then that we will go through with our public sale, even though there already are funds among our investors who believe in us, for which we are very grateful.

The platform launch is scheduled for the second half of 2021. Don’t miss the project’s news, we have a lot of things planned for Credefi development!

To stay up to date with our news, give us a follow! You can also keep track of our updates on our social media or the official website at https://credefi.finance

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Where to learn more about Credefi?

We would like to remind you that Credefi has active social media accounts across a number of platforms. If you want to stay informed on our latest news — subscribe to us on the platform of your choice!

Telegram chat https://t.me/credefi
Reddit https://www.reddit.com/user/Credefi
Twitter https://twitter.com/credefi_finance
Bitcointalk https://bitcointalk.org/index.php?topic=5330290
Medium https://medium.com/credefi
LinkedIn https://www.linkedin.com/company/credefi
Discord https://discord.gg/R5C9tpZY3t

And if you have questions about our project — don’t hesitate to ask them! We are always ready to answer!

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Cryptocurrencies Around The World

We believe that cryptocurrencies are the next step in the development of the financial system. This is why at Credefi we are diligently working to bring cryptocurrencies to the maximum number of people, enabling them to use crypto everywhere — wherever they are! In the meantime, we would like to show you a study by Chainalysis, a crypto analytics company, which has shown that the top-10 countries when it comes to cryptocurrency activity are:

- Ukraine
- Russia
- Venezuela
- China
- Kenya
- USA
- South Africa
- Nigeria
- Colombia
- Vietnam

To make the study as objective as possible, researchers looked at population size, the country’s economic performance, as well as the amount of digital assets transacted per capita; cryptocurrency holdings; retail and p2p transactions worth over $10,000, calculated against purchasing power parity.

We hope that our project will be able to boost cryptocurrency development even further and help people and SMEs to adopt digital assets sooner!

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Central banks have been showing interest in Bitcoin

A new article has been published on Cryptonews, talking about a survey of 30 central banks, bringing somewhat surprising results as some bankers showed signs of openness to crypto assets such as Bitcoin (BTC).

14% of the respondents said that central bank digital currencies (CBDCs) would increase pressure on these banks to invest in crypto, while 83% of the participants replied that the learning process of investing and managing this new asset class itself could be valuable for the institution they represent. 28% of participants see benefits coming from cryptocurrencies as an uncorrelated asset, and a further 11% would consider it as an alternative to gold. Also, central bankers are becoming more concerned about inflation.

All of that means that the financial market situation is changing: if you can get 1% in a bank, or 6-7% in DeFi, like Credefi, what will you choose?

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Credefi Ambassador program reminder

A friendly reminder! We have launched the Ambassador Program, designed entirely for Credefi enthusiasts all over the globe who wish to spread the word about the protocol across their own international communities.

This is an opportunity for everyone who likes our project to help it develop and earn tokens for it! Simply follow through to our Medium to learn more about the Ambassador program and participate in it!

Welcome!

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DeFi Market Stats

We continue our weekly tradition of publishing main stories in the DeFi market! The decentralized ecosystem hasn’t been this sideways in some time! DeFi’s total value locked (TVL) is currently $55.24B, just barely down from the $55.73 TVL we saw at this point last week. So where’s the next breakout, up or down? That remains to be seen, but something’s gotta give soon you’d think. If the markets do rip back up in the near future, the recent surge in layer-two (L2) scaling developments will surely play a non-trivial role in making that happen.

https://ic.wampi.ru/2021/07/19/image8bdb3940818b9a87.md.png (https://wampi.ru/image/ROeU9ii)

Hold or sell? What types of traders are there?

We have covered the different strategies traders can follow to be successful. Now let’s talk about what kinds of traders there are, and which one are you?

Position trader (short term) — the most common type. Gets into trades frequently, but closes his positions before low liquidity periods (holidays, summer vacations, etc.)

Long term investor or hodler — his trades can span several years, which he will only close upon major trend shifts.

Scalper — does a lot of short trades that can last as little as just a few seconds. As a rule, each trade is rather inconsequential, but in the long-term perspective, they add up to a nice profit overall.

What kind of trader are you and what methods do you follow? Let us know in the comments!

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CREDI and xCREDI Tokens

Now is a great time to talk about the CREDI and xCREDI tokens again: their features, advantages and use cases. Read on to find all the answers.
CREDI would act as the project’s main token. As mentioned, it will be used for rewards on the platform, and this is also the token used in the token sale. However, it was designed in a way that will give it a perpetual inflation of -5% per year, depending on the overall CREDI supply.

Apart from simply being used as a reward, CREDI also has other tasks, such as increasing the project’s security. Essentially, the token adds a security layer for the issued loans on the platform, as users who want to get xCREDI first have to deposit their CREDI into the security module of the platform. Any CREDI that gets into the module can also be used by the platform to remunerate lending liquidity providers, just in case a loan on the platform ever goes into default and liquidation.

Users can obtain CREDI by buying it during the token sale, purchasing it from Uniswap via the CREDI/DAI liquidity pool, or earn it as a reward for lending liquidity for the platform, liquidity pool, or the xCREDI/DAI liquidity pool. After obtaining the token, users will be free to keep it and provide liquidity for more rewards, sell it on Uniswap, or convert it to xCREDI and then use this token further.

Owning xCREDI brings its own benefits, of course, including the ability to participate in the platform’s governance, provide liquidity and get rewards, or simply trade it on Uniswap DEX. The project expects that there will be a continuous demand for xCREDI due to the LP program and buybacks, so there should be no shortage of users willing to buy the token via the DEX.

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Credefi to mitigate the pandemic

The pandemic has dealt a heavy blow to the wellbeing of billions across the world — millions of businesses have gone bankrupt, tens of millions of people have slid below the poverty line. As we see, many citizens across the world suffer from the financial damage inflicted by the pandemic.

Now is the perfect time for DeFi to take on and solve some real, hands-on problems. A few years ago, it would have been a peripheral, almost ignored undertaking, while now it has the chance to play an active role in the economy.

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. Right now we have to take a step away from the localized approach and reliance on the local institutions for help. We have to search for one global, universal solution - and Credefi aims to provide this kind of a solution to its users!

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How does the DeFi market develop?

Why is it believed that the DeFi market is promising? The answer to that question lies on the surface: the DeFi sector is going forward so fast everyone looking is getting blown away!

At this very moment, the total value locked (TVL) in DeFi is at a new all-time high just shy of $55B. 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!

These figures perfectly demonstrate why everyone who is observing the cryptosphere can’t but notice how rapidly it is developing in comparison with the traditional economy with its principles that have stayed the same throughout thousands of years. In 2008, Bitcoin got in the game, and it was a landmark event. Today, 12 years later, BTC is no longer considered state-of-art. More advanced projects working on blockchain technology are emerging – fast, smart, reliable, and easy to use even for newbies. Let's see why the decentralized finance market is one of the most exciting areas today.

The goal of decentralized financial platforms is to completely overhaul the traditional system of monetary transactions in the most open and seamless manner possible. Many are fascinated by this area because of the ability to create and launch censorship-resistant products, as well as because of the interesting and promising technology that opens up a huge scope for experimentation.

DeFi is sometimes referred to as "LEGO money" for its modularity. By connecting different decentralized applications, you can create completely new projects, simultaneously increasing their user-friendliness, and maximizing your profit.

Why is DeFi innovation so important? Above all, decentralized finance thrives in settings without regulatory oversight. This ensures complete protection of personal life. One of the main challenges on the way to global blockchain development is the hostile environment of outdated laws and regulations, and some DeFi projects have already failed because of this. Credefi has a higher goal in DeFi, and aims to reform the modern industry: we are creating a system that will be transparent, reliable and easy to use. Credefi is bridging the gap between traditional finances and DeFi, by using the world's available computing to power a more decentralized, sustainable and connected world!

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Market Problem and Credefi solutions

Today, 1.7 billion people are unbanked, making it very challenging for them to obtain loans and participate in the world of internet commerce. Further, many consumers must resort to payday lending operations to cover liquidity shortfalls. This is one of the many issues we are looking to solve with Credefi.

The current financial system is not transparent. Bank customers have very little information on the financial health of their bank and must place their faith in the limited government insurance on their deposits. Bank customers seeking a loan find it difficult to determine if the offered rate is competitive. Credefi is developing a unique system, where the loan system will be fair, both for the lender and borrower.

Another problem the market is facing — the financial system is siloed. Moving money from one institution to another can be unduly lengthy and complicated. A wire transfer can take three days to complete. This problem is well-known, and some attempts are being made to mitigate it. Credefi uses blockchain to make transactions as fast and cheap as possible.

Want to learn more about our project? Have a look at our website at https://credefi.finance

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The team behind Credefi has announced its upcoming migration from strictly ERC-20 to Polygon’s (formerly Matic) Layer 2 solution. This move is a major step towards the protocol’s multi-chain future goals, and it will ensure higher network throughput, low transaction costs and most importantly, it will tackle Ethereum’s scalability hurdles.

Read more: https://link.medium.com/CNlVCgIZcib

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DeFi Market Stats

After facing sideways and downward chop for much of this month, DeFi’s notably been on an acute uptrend as of Tuesday. This new climb has pushed the total value locked (TVL) in the ecosystem to ~$59B, or some $4B higher than it was at this point last week. So everyone’s breathing, and yield farming, a little easier these past few days.

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Team Credefi is Growing: New advisor joins the family!

The team behind Credefi is beyond honored to announce the inclusion of a new member on its advisory board - Viktor Larionov - Co-founder and CEO at Priority Token and Industry 4.0 Investment Bank.
Credefi’s mission to revolutionize the shape and form of DeFi is one step closer to its achievement!

The latest addition to the ever expanding Credefi team, Viktor, has worked for and alongside iconic blockchain projects, where his high-level focus helped towards the development and business growth of well-known industry names, such as Upbots, Faceter, Creditum, Lottonation, Modultrade, Playkey, Bitrewards and many more.

A University of Maryland Global Campus graduate, Viktor Larionov has 15+ years of experience in blockchain technology, crypto start-up advisory services and mentorship. His impressive skill set and professional approach has helped him raise over $500M of funding and successfully consult 100+ projects in the crytpoverse.
Being the CEO of the longest continuous serving agency for token generation events, Priority Token, Viktor is also the founder of MOST Marketing Russia, adding to his impressive marketing knowledge and expertise.

Team Credefi has been following Viktor’s work for years and has been drawing inspiration and motivation from his constant pursue of technological evolution, contributing towards the creation and sustainability of diverse blockchain solutions. Credefi and Mr. Larionov have joined forces to turn their shared vision of DeFi becoming widely and easily accessible to everyone globally into a beauteous reality.

Working together, Viktor and Team Credefi will look into new ways to eliminate the gap between the traditional financial world and the crypto economics. Credefi in its own, is a fundamental project bringing mainstream investors to the fast paced universe of decentralized finance. The team continues to explore new ways for the creation of seamless flow, interconnection and movement between both markets.

Viktor Larionov about Credefi:

I am truly excited for the future outlook of Credefi! The DeFi space continues to thrive and the amazingly experienced people behind the project have masterfully used the blank canvas of true decentralized finance to combine it with real-world asset integration. Redefining the financial space is not an easy task, but everyone at Credefi is determined to achieve this inherently ambitious goal! I am happy and grateful to be part of the next DeFi game-changer! Thank you!

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Advantages of Credefi

A post detailing our project’s advantages is always helpful since this is one of the hottest topics we get questions about, and we are okay with that. Projects can only bring transformational change to the financial system if they can deliver on their promise.

So what is Credefi’s promise?

🔸 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

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Why does DeFi lending thrive?

The lending market is an important funding source for any industry. For cryptocurrency businesses — exchanges, funds, fiat gateway services — the access to cheap loans backed by the predominant asset on their balance sheets can open up a lot of capital-intensive opportunities.

New products in this field are especially attractive to borrowers from countries with expensive bank loans. For example, in an economically-unstable Argentina, it’s not uncommon to see interest rates above 60%, and with limited options for inflation-resistant store of value.

Annual Percentage Rate (APR) in crypto lending is very low. You can not only get a cheap loan, but also enjoy yields on your capital at minimal risk.
This doesn’t just replace traditional financial institutions, it makes loans and deposits worthwhile for both sides, combining the strengths of the traditional finance and DeFi markets. This is where you will find Credefi!

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How does Credefi ensure security?

Credefi is working hard to improve the lending marketplace and the lender and borrower screening system. We are working on a unique system that will make the process of taking out a loan fast and secure. A wide choice of collateral options with high-level risk assessment, backed by a EU-licensed financial institution.

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. 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 other popular projects, it breaks new ground in the DeFi world!

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DeFi Market Stats

DeFi’s total value locked (TVL) surged $10B, climbing from ~$59B to +$69B in that span.

Yet just like last week when we saw positive price action in spite of serious regulation news, we have a similar dynamic at work now. The U.S. Congress has jammed in anti-crypto rules to a widely popular infrastructure bill that, at least right now, has good chances of passing. The language of this crypto section is so broad that it would make almost all DeFi actors have to adhere to onerous, i.e. impossible, user reporting rules. If this bill passes then DeFi activity in the U.S. could begin to suffocate.

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Who are bulls and bears?

Bulls and bears — you may have heard about them somewhere before! But who are they? These are the types of traders who both buy and sell, but are positioned to profit from the opposite market movements.

The main strategy for bulls is simple — buy assets that you expect to grow in value. They predict price growth, that is.

Bears predict against assets. They don’t buy, they sell cryptocurrencies, and make money predicting the price to go down.

Why these two animals? There are two possible explanations: one is that they come from a story written by a British satirist John Arbuthnot. In his 18th century story, a character with a last name Bull got into a fight with another, last name Bear, on a stock exchange floor.

Another explanation comes from the fact that bears and bulls attack their opponents differently. Bulls attack by lifting their horns, and bears strike their opponents with their claws in a downward motion. These can be tied to market movements: a bull market goes up, a bear market goes down.

And you, are you a bull or a bear? Let us know in the comments!

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How will Credefi help you solve problems?

We have many times mentioned that Credefi is a project that combines the best of the traditional finance world and DeFi. By using cutting edge technologies and the best innovations, the project successfully solves problems users are facing every day.

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

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Are loans easy to get these days?

Not really! Presently, the problem with lending and borrowing protocols is that rates are pre-determined, cutting across all investors regardless of their risk appetite. The DeFi sector and the Credefi project in particular are changing the game.

Instead of algorithm setting lending and borrowing rates, Credefi will be launching a hybrid system. This new system takes advantage of the best of both centralized and DeFi worlds for better autonomy and flexibility. Eventually, the project aims to be a market-driven and automated crediting system. The project aims to launch its native token, CREDI at the beginning of June, functioning as a governance and reward mechanism.

This way, Credefi hopes to revolutionize the way money is utilized. We will provide a wide array of services and connect willing parties of borrowers and lenders, including the option of investing in credit portfolios or providing trade finance services.

To learn more about our project, visit our website at https://credefi.finance

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CBDCs and their imminent popularity

Do you know what CBDCs are? CBDC stands for central bank digital currency, and a number of countries have announced their intentions to launch theirs in the near future.

Amid the growing popularity of such assets, Guardtime, a blockchain analysis company has polled citizens of 10 countries, asking if they plan to use CBDCs when they are implemented. Almost two thirds of those surveyed said they are likely to use CBDCs after they are launched. Most of those surveyed also believe that we will see a CBDC deployed within the next three years.

The research says 64% of those surveyed would use a CBDC if it were deployed, 33% would “likely” use a CBDC. Only 10% said they would “never” use a CBDC.

The study also looked into how many people would convert their savings into CBDCs. Some 33% would move their savings into a CBDC within one month of its deployment. Some 26% would do the same within six months. Only 11% say they would never convert their savings into CBDCs.

About 30% of those surveyed are ready to receive their paycheck in a CBDC, and 27% expect their employer to switch to a national CBDC within one to six months from the moment a currency like that is deployed in their country. Some 12% claim to have made up their mind to never accept a paycheck in a CBDC.

It seems like the world is getting ready to embrace national digital currencies. What do you think? Would you use a CBDC if it became available in the near future, or would you rather wait for it to get thoroughly tested?

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Tips For Traders

We continue sharing advice on how to succeed in trading. Today we would like to touch upon profitable altcoin strategies.

If you consider holding altcoins in the long-term, or want to build a long-term portfolio, we recommend you to look into coins that have been trending for the past few months and getting support from the community. Such assets have a lower risk of devaluation compared with those less supported by the community.

Watch the price chart and learn to analyze it, understand when and why drawdowns and consolidations happen. It is during these times that whales are most likely to accumulate coins, and it is a good idea to join them. When the time comes and the market sentiment flips due to some positive news about the project, the price will respond in an upwards direction, giving you an opportunity to book a nice profit for yourself!

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DeFi Market Stats

It seems like for the past few weeks the total value locked (TVL) in DeFi has been acutely climbing up at a rate of ~$5B every 7 days. We saw this rate maintained again this week upon the ecosystem’s TVL growing from $69B to +$74B.

Great news for all DeFi users!

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ETH's London Hard Fork

London hard fork on the ETH network is the main news story of the past week! The most notable updates included in the hard fork are EIP-1559 and EIP-3554. The first one is supposed to drive down both commission fees and miner profits. The second one postpones the mining difficulty bomb until December 2021, which mitigates the decrease in mining profitability somewhat. Once the bomb “goes off”, Ethereum will start the gradual process of moving away from Proof of Work to a more eco-friendly and efficient Proof of Stake and Ethereum 2.0.

Why is this relevant to Credefi? $CREDI tokens are located on the Ethereum blockchain, and whatever happens to Ethereum affects our token too! We are happy that the update that brings more convenience to Ethereum went well!

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Fiat – Out, Cryptocurrencies – In

Digital currencies are the future. The Credefi project team realized this long before entire countries started thinking about creating their own digital currencies. Once our project came to be, we began building our own digital currency, and what do we have now? In an effort to make up for wasted time, whole countries are rushing to create national cryptocurrencies!

Among the countries diligently working on the launch of their own cryptocurrency are China, Japan, Turkey… Digital assets have also been of interest to the US and some European countries (Estonia, for example, already has a digital currency in place).

What is the natural conclusion? Today people understand: the fourth industrial revolution is coming and the economic system will also change – fiat will fall out of existence. This is why cryptocurrencies are seeing more popularity and demand. Credefi is built using the most advanced technology, which makes our platform as transparent as possible.

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How Credefi solves the problem

We can talk about how our project is revolutionizing traditional finance all day! Might as well talk about it now.

Credefi is a lending and credit platform that aims to merge the worlds of DeFi and the conventional banking setup. Where other decentralized platforms aim to disrupt the market, Credefi intends to merge them in one.

The traditional investment and credit services on Credefi include:

- Investments: With an estimated minimum of 10% return per annum, users will be able to select investments in stablecoins portfolios depending on their willingness to take risks, powered by Credefi generated credit scoring and risk assessments.

- Lending and Borrowing: Direct P2P loan capabilities with people connecting from all over the world, with the option of even a collateral-free loan which will be case dependent.

- Trade Finance: Traditional banking instruments such as Letter of Credit will be available on the decentralized Credefi network, along with others in the plan. Credefi is also partnering with an EU-based financial firm to offer services that are in line with regulations.

- The whole Credefi ecosystem is powered by its native CREDI token.

If you want to know more - please visit our site https://credefi.finance

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What you need to know about the $CREDI token

Now is the time to remind you about $CREDI — the key token in our project. $CREDI has a perpetual inflation of 5% based on the initial $CREDI supply of 150 million tokens.

Symbol: $CREDI
Network: Ethereum (ERC-20)
Supply: 150.000.000 Tokens

The main utility function of $CREDI is to act as an additional security layer for the loans issued on the platform. Users can get passive income as liquidity providers for $CREDI on UniSwap or liquidity providers who deposit their xCREDI LP tokens in the security module.

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

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What can you buy with cryptocurrency?

Recently cryptocurrency has been seeing a steady increase in popularity, and the number of users. Since almost all cryptocurrencies are, in essence, decentralised and anonymous electronic payment systems, it is easy to see why so many people consider crypto to be the future of money. We have all heard how very soon digital finance will replace cash, but how true is that? What bills can you already pay with crypto – this article will explore your options.
When we look through online classifieds, it may seem like you can buy almost anything with crypto these days: luxury real estate, motorboats, sailboats, cars, art, jewellery and even plasterboard (well, if bought in bulk). To be fair, upon closer inspection, these ads often mention crypto for clickbait purposes. That is to say, there are legitimate businesses that accept payments in digital currencies.

So what can you buy with crypto nowadays?
- Package tours and avia tickets
- Tech (computers, smartphones, etc.)
- Cars
- Food and drink
- Gift cards
- Obviously, this list is not exhaustive.

Today cryptocurrencies are becoming more and more popular, and here at Credefi we are working on pushing that even further!

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DeFi Market Stats

DeFi’s growth streak is continuing in style, as the total value locked (TVL) in the ecosystem swelled +$7B this week to reach over $82.5B once again! If we see another +$7B influx over the coming week, then DeFi’s TVL will have returned to its record high of ~$90B — a milestone first reached back in May 2021.

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Credefi Partners With Lithium Finance

Credefi and Pioneers Lithium Finance will bring the meaning of investment reliability to a whole new level by combining trusted information with next-gen collateral security

https://medium.com/credefi/lithium-finance-collaborates-with-credefi-to-further-democratize-lending-market-34bc9d00f6bb

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How is DeFi eating traditional finance?

The question you must have asked yourself in the past! DeFi has transformed the financial sector. As a result, traditional financial firms such as major banks and hedge funds are seeking greater exposure to the DeFi space. With central banks around the world beginning to embrace the concept of CDBCs and stablecoins, as a result of tokenization, the principles underlying the DeFi industry are gaining more acceptance amongst traditional firms.

Compared to other use cases, the trade-off of using permissionless blockchain for finance is worthwhile, as financial service providers have always competed on the trust layer instead of the cost layer. By transferring the trust layer from financial intermediaries to software and code on the blockchain, DeFi can provide universal access to financial services.

As DeFi grows in size, and thus economic importance, established institutions are increasingly seeking involvement in an industry which previously had frequently been dismissed as far too risky. More and more banks, pushed by the demands of clients and shareholders, are now exploring how they might engage with DeFi and the crypto markets.

Credefi is changing the way people view DeFi products — we take the best of both the crypto and traditional finance worlds to create a perfect product!

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Countries that are using cryptocurrency

32% of Nigerians own Bitcoin, the highest percentage in the world — this is the conclusion that Statista analysts have arrived at in their research into cryptocurrency use by country.

Nigeria is indeed the first among the countries that are using/owns Bitcoin. Vietnam (21%) goes second, followed by the Philippines with 20%. Other countries included on the list were Turkey, Peru, Switzerland, India, China, U.S, Germany, and Japan.

In most countries, currency collapses have caused hardship to most people. Argentina, Brazil, China, Mexico, Russia, Thailand, Turkey, Indonesia, South Africa, and Lebanon, for instance, have all gone through at least one currency devaluation cycle since the 1970s. Bitcoin, on the other hand, has a fixed and predetermined monetary policy.

The research provides yet another proof that cryptocurrencies are gaining a wider and wider adoption across the globe! Here at Credefi we are sure glad to have picked the right field to work in!

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Time To Visit Credefi Site

The DeFi market has come back to the bull phase. This means that now is the best time to remember everything you know about Credefi because our project allows you to take maximum advantage of the market and make good money with minimal risk.

One the website you can find all the information about how to make money with Credefi, what are $CREDI and $xCREDI. Follow the link today: https://credefi.finance

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Have you watched our fresh new introductory video?

We are a pioneer in connecting DeFi lenders with real businesses globally!

Enjoy and tell us why DeFi is important to you.

https://is.gd/bwlcGQ

https://credefi.finance

What are Credefi primary advantages?

Let’s once again go over our project’s strengths so you remember them when you see other projects. It’s important to know what makes Credefi stand out from the rest!

- 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!

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DeFi Market Stats

We continue sharing the DeFi market news with you, and this week we have some tremendous stories! At $85B today, the total value locked (TVL) in decentralized finance apps continues to knock on the door of its previous ~$90B all-time record for the second week in a row. Two takeaways here: the activity around DeFi is effectively as robust as we’ve ever seen it, and there’s an unmistakable acute growth trend unfolding!

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Credefi’s plans for the near future

If you are subscribed to Credefi on social media, you must have read something about our project, but do you know of our plans for the near future?
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! In the near future we will see:

- Testnet & smart contract audit;
- Public sale & Uniswap listing;
- Platform launch;
- Start Solana migration high-volume CEX listing.
- Stay tuned to our news on social media to never miss a beat!

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Why does Credefi use smart contracts?

It’s simple! Smart contracts enable avoiding most of the risks commonly encountered in the lending industry. It is smart contracts that solve the two key problems of peer-to-peer lending: lack of collateralization and legal backing. These two issues aren’t solved by clever legislation, but with cryptocurrencies. This significantly reduces the risks.

Ten years ago, no one would have thought of lending money to anonymous clients. But with the development of the crypto industry, a need for decentralized lending platforms operating in peer-to-peer payment systems has arisen. To avoid becoming dependent on third parties, and not to violate the privacy of financial transactions, it is necessary to conduct loans through smart contracts, collateralizing the deal with a native collateral token.

Want to learn more? Go to our website: https://credefi.finance

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