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

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!

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!

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!

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

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

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!

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!

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

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.

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!

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

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

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.

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!

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!

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!

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?

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

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