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Compound has the No. 1 market share in DeFi loan programs, but I'm not optimistic about it. :-[

In my view, the lending projects that can really have long-term value should link to the traditional world, and how to introduce users' credit in the real world into the blockchain world, so as to have the chance to become the real top projects.

Compound could become one of the world's top DeFi programs only if it could bring in real-world user credit data to further improve its use of funds and serve more users.


 :o
At the moment, I have an eye on a project that is trying to do just that.
DeCredit is a DeFi 2.0 protocol that empowers the DeFi market by introducing the credit loan models

It aim to link credit authentication nodes and credit Oracle to lending products on the premise of existing encrypted collateralised loan models, with a view to progressively reduce and finally eliminate collaterals, enabling staggered resource allocation and enabling the blockchain paradigm to inclusively empower the traditional financial lending sector

By doing this, DeCredit leverages the tremendous momentum generated by DeFi to provide liquidity support to a wider range of entities and individuals.

Look forward to~~~

And then why don't you just try to write very simple sentences about that if your project called decredit was a better project than compound. I have heard about this one and it seems like a shady.

You were comparing decredit which is not even listed on CMC with compound that has billions volume.

Why don't you also compare it with aave? lol

LOL. Trying to shill something you are part of is common on the forum but yeah, you got the attention by making this stupid comment about Compound. Compound is what people call one of the DeFi bluechips. It has been around for a long time and seen stable development. These battle-tested platforms aren't so easy to be replaced.

About the connection to real world credit, this'll most probably be through bringing institutions and VCs onboard onto legitimate projects, not these unprofessional copies that keep popping up. If someone is really looking for a project that aims to link traditional finance and DeFi, then look into something that has been doing it on a professional scale. BarnBridge is one such project.

Also, OP, From the name that this project has chosen, its quite clear they aren't very bright. I mean "De-credit" sounds like something that will destroy your credit pretty fast.

Lol, you don't need to discredit Compound here. Billions are already flowing on that project so I guess your premise is already flawed in the beginning.

If you wanted to shill for DeCredit, that's find but you don't need to attack the competition. On the contrary, show the pros of DeCredit and let the investors decided for themselves. And I'm thinking with the way to promote DeCredit here, it might back fired, just saying.

People here are smart, this is no longer 2017 wherein every shill you post here will received a lot of recognition.

Because from what I've seen so far, Compound been trying more traditional finance than AAVE

Thanks for the referral.  Let me know about the project you mentioned.

Compound is a great project I believe, but if you are saying that Decredit could be a better investment, I need to look into it and see if it fits in my portfolio . Thanks for the heads up.