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!

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.

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!

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!

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

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!

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.

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

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

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!

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!

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.

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!

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.

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!

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?

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!

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!

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

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.