Credefi combines the best practices of DeFi and traditional finance

[Credefi]

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!

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[Credefi]

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!

[Credefi]

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