SmartCredit seems to offer some innovative features to the lending market.
While I prefer to stay anonymous most of the time, I like the idea of getting a better deal with the Crypto Credit Score.
Can you or someone here explain what's the meaning of Crypto Credit Score? Is the the platform requiring kyc?
Since the platform is peer-to-peer and decentralized I believe it's going to have more impression in cryptosphere.
Credit score calculated from the borrower financial score, social score, and psychometric score.
https://smartcredit.io/knowledgebase/what-is-borrower-psychometric-scorehttps://smartcredit.io/knowledgebase/what-is-the-borrower-social-scorehttps://smartcredit.io/knowledgebase/what-is-borrower-psychometric-scoreSmartCredit offers borrower to do the credit scoring, that's optional.
If the borrower completes it then he can have a better interest rate and better collateral requirements.
If the borrower decides to stay fully anonymous, that's ok but the borrower will need to pay more interest.
However, even anonymous users will have LESS collateral requirements than the Compound/Aave.
How? Use fixed-term loans - your collateral will be less
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https://t.me/SmartCredit_Community