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.
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~~~