SmartCredit - AI-driven self-custodial neobank

[Sunderland]

fffRegular AMA Session with SmartCredit co-founders Martin Ploom and Tarmo Ploom.
fffJoin SmartCredit Community on Telegram this Saturday, 24th of April 18:00 UTC!

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[1715466162]

1715466162

[hopenotlate]

fffffRegular AMA Session with SmartCredit co-founders Martin and Tarmo Ploom.
fffffJoin SmartCredit Community on Telegram this Saturday, 1st May 18:00 UTC!

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[Sunderland]

fffDeFi Personal Fixed Income Funds are launched!
fffThe lenders and borrower's have a CHOICE now!

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[terciduk123]

What percentage of the loan is given of the total collateral? In addition, if the loan contract is for 30 days, but within 15 days the borrower pays the loan, will the interest on the loan be reduced?

[kojektea]

I want to know what's rinkeby?

Helping answer, Rinkeby is the network eth is currently used to do testnet, After it ends it will be eth mainnet.

[Sunderland]

What percentage of the loan is given of the total collateral? In addition, if the loan contract is for 30 days, but within 15 days the borrower pays the loan, will the interest on the loan be reduced?

Depends on your Crypto Credit Score, a better credit score = lower collateral
It will be freedom of choice. Those who want to stay fully anonymous can do so, but they have to pay for this privilege with higher interest rates and collateral requirements. Those who are ready to open up their data — will monetize their data, and they will receive better conditions.

if the loan contract is for 30 days, but within 15 days the borrower pays the loan, will the interest on the loan be reduced?
You can't do that because SmartCredit gives stability to both lenders and borrowers with Fixed Interest rate and Fixed loan maturity.
- Fixed Interest Rate is the opposite of the fluctuating interest rate. Both sides will not be exposed to the herding movements of the market.
- Fixed Loan Maturity will reduce the collateral requirements to the borrowers.

Without Fixed interest rate,  the interest rates are fluctuating and when the market thinks that Ethereum is moving up, then DAI will be borrowed — this drives the DAI interest rates up
When the market thinks, Ethereum is moving down, the opposite will happen.


Borrow #crypto with SmartCredit in 20 seconds! https://twitter.com/smartcredit_io/status/1389164951445573634

 

[SmartCredit]

With SmartCredit you can now use $LRC as collateral for a #DeFi fixed-term loan!

Monetize your
@Loopringorg
 token holdings now:

https://smartcredit.io/cryptocurrency-as-collateral/

[Kazkar]

if the loan contract is for 30 days, but within 15 days the borrower pays the loan, will the interest on the loan be reduced?
You can't do that because SmartCredit gives stability to both lenders and borrowers with Fixed Interest rate and Fixed loan maturity.
- Fixed Interest Rate is the opposite of the fluctuating interest rate. Both sides will not be exposed to the herding movements of the market.
- Fixed Loan Maturity will reduce the collateral requirements to the borrowers.

And if it happens that a person cannot return the money on time? How is this situation regulated?

[Sunderland]

if the loan contract is for 30 days, but within 15 days the borrower pays the loan, will the interest on the loan be reduced?
You can't do that because SmartCredit gives stability to both lenders and borrowers with Fixed Interest rate and Fixed loan maturity.
- Fixed Interest Rate is the opposite of the fluctuating interest rate. Both sides will not be exposed to the herding movements of the market.
- Fixed Loan Maturity will reduce the collateral requirements to the borrowers.

And if it happens that a person cannot return the money on time? How is this situation regulated?

- The lender can accept borrower’s loan requests via the SmartCredit.io application. He will transfer the funds to the borrower. The borrower’s collateral will be held in the smart contracts until the end of the loan term.
- At the end of the loan, the lender will receive the principal and interest payments from the borrower

- If the borrower is not paying, then the borrower’s collateral will be liquidated and the proceeds will be used to pay the principal plus interest to the lender
- If collateral liquidation proceeds are not enough, then the Loss Provision Fund will jump in and will fill the gap
- The lender can define as well a Personal Fixed Income Fund – if he does this, then the all lending process will be automated for the lender. This means the lender will earn passive income on his assets


Governments promise the People and Small Businesses a democracy?
Yet at the very same time Governments create regulations benefiting only 20% of the economy - Big Business.
Join http://SmartCredit.io - Be your own bank.



https://smartcredit.io/why-is-central-bank-interest-rate-so-low-and-why-its-so-high-for-the-smes

[SmartCredit]

[Sunderland]

fffStart making your money work with competitive #DeFi fixed-rate lending and borrowing.
fffTake back control with http://SmartCredit.io.

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[Sunderland]

fffYou can now use $BNT as collateral for a #DeFi fixed-term loan!
fffMake your Bancor bags work harder for you!




fffWe are happy to announce a new strategic partnership between Paypolitan and http://SmartCredit.io
fffPaypolitan users can soon borrow fixed-term and pay fixed-term interest rates!

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[SmartCredit]

[Sunderland]

What crypto asset should we add next as collateral for fixed interest rate #DeFi loans?

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[Sunderland]

No more hidden fees. In SmartCredit.io, you pay only for:

1. Gas to create your FIF (Fixed Income Fund)
2. Gas to deposit your assets

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[SmartCredit]

[Sunderland]

Monetize your collateral tokens with SmartCredit.io 🔥 Try now: http://app.smartcredit.io
https://twitter.com/smartcredit_io/status/1399339350752628738

[Sunderland]

Hi Bancor, You can now monetize BNT via SmartCredit.io

It's easy:

• Borrow DAI fixed-term with BNT as collateral
• Invest in Yield Farming
• Pay the loan + interest
• Keep the profit

Please support our vote for SmartCredit.io:
https://vote.bancor.network/#/bancornetwork.eth/proposal/QmUk8mUeb7RtEjxE3691pHZD5Sk8XHFgndciMSeHNLnjeu

[Sunderland]

SmartCredit.io keeps on growing - a big thank you to our 5,000+ registered users!

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https://twitter.com/smartcredit_io

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https://t.me/SmartCredit_Community

[SmartCredit]