Credefi combines the best practices of DeFi and traditional finance

[Credefi]

Millennials Trust Cryptocurrencies Over Banks

Over the past three years young adults have grown to trust cryptocurrency more than the leading international banks. As evidenced by a research done on 4852 participants within an age range of 18 to 65 years. This comes from a JPMorgan Chase survey.

🔺 The study showed the following:

🔸 51% of Millennials trust cryptocurrency. Older generations are much less convinced by the technology, driving down the overall figure to 47%;

🔸 Over 45% of those surveyed prefer cryptocurrency over traditional assets;

🔸 60% of survey participants believe cryptocurrency to be a positive technological innovation. This figure has grown 27% over three years;

🔸 59% of Millennials believe that within the next decade most people will be using cryptocurrency;

🔸 The role of Millennials in the future of the cryptocurrency industry has been pointed out by numerous experts. Earlier an American brokerage company Charles Schwab said that this demographic invests in crypto more often than Netflix and Microsoft.

Credefi expects its customers will probably be primarily millennials. Which means there will probably be greater than 6million customers within the DeFi lending and finance sector.

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[Credefi]

Meet the team: Lyubomir Blagov, CTO

☑️ We continue introducing the Credefi team members to you, and today it is Lyubomir Blagov, CTO.

Lyubomir has more than 10 years of experience in the technology sector. He has worked on multiple international projects with millions of daily users. Lyubomir possesses vast knowledge in established technologies and is always fascinated with the new ones, such as Blockchain. In addition, he founded a company that focuses on Ethereum and has already developed several successful projects. As a skilled professional, Lyubomir will be able to make the whole project become a reality and is therefore an integral part of the Credefi team.

🔺 If you have questions for Lyubomir, he will be more than happy to answer them in the project’s chat!

[Credefi]

Why Is Our Project In DeFi?

Do you know where DeFi is applied today? Currently, the main fields of application for decentralized finance are:

🔸 Decentralized stablecoins with each coin pegged to a fiat currency and secured with a pledge in cryptocurrency.

🔸 Loans and credit, where one group of users deposit funds into the credit pool at interest, and the other can borrow the assets they need on the security of other assets.

🔸 Exchanges built on liquidity pools, removing the need for an order book.

🔸 Market prediction protocols.

🔸 Lotteries, insurance protocols, etc...

Using DeFi technology allows us to make any process transparent, effective and reliable! At Credefi we believe that in the next few years we will see how every financial service that exists in the current fiat system will be adapted to work within the cryptocurrency ecosystem.

[Credefi]

How Credefi Is Making a Distinction

☑️ Credefi combines the most effective practices with the DeFi resolution. Their hybrid mechanism helps resolve real-life issues of the traditional banking sector.

How do other projects stand out from the traditional system?

🔸 Credefi is backed by a regulated EU based financial institution that contributes know-how and alternatives. It additionally provides authorized safety for lenders.
Credefi is striving to expand the opportunities for both borrowers and lenders. For example, lenders are given an opportunity to assist the initiatives they believe in and would like to see rising.

🔸 Unlike the present banking system, which supplies an unsatisfying buyer expertise, the Credefi platform is designed so that individuals and companies can assist one another resolve the inefficiencies of the standard banking system.

🔸 Credefi removes bureaucracy. Almost anyone can become a project’s participant: permission to take part is not required, and the liquidity is borderless.

🔸 Credefi has been designed to unravel the issues of a centralized monetary system. A few of these are related to centralized management of financial institutions, deficient access to finance of the unbanked (members would be capable of receiving loans and function on the planet of web commerce), and other market inefficiencies such as excessive bank cards interchange charges, and poor interoperability. Credefi is here to address those issues and create value to the financial industry.

[Credefi]

DeFi Market Stats

Since this point last week, the total value locked (TVL) in DeFi has risen +$5B to its current position over $82.7B — just below the new all-time high of $86.71B that was set this Tuesday.

We believe that in the near future the DeFi market's TVL will continue breaking through new all-time-highs as the market keeps developing. The number of fans and investors in DeFi is on a continued rise, pushing the market upwards.

[Credefi]

What is DWeb or Web 3.0?

The notion of decentralization is tightly linked to Decentralized Web (DWeb or Web 3.0). This term includes a number of new technologies that will revolutionize the web over the next few years. Understanding what DWeb offers to people becomes easier when we focus on the biggest changes it will usher in. According to a Fluence Lab survey, users value the following key Web 3.0 advantages:

➡️ Security, taking back control over personal data
➡️ No user tracking/monitoring
➡️ Community development and support
➡️ Application and technology compatibility
➡️ Project and technology scalability

These are the things that set the new DWeb infrastructure apart from the traditional web. These principles echo our project’s core values. If you find them compelling, you are welcome to join our community!

[Credefi]

Credefi Is More Than Just Loans!

☑️ Credefi is a wide-reaching project that enables its users to enjoy a wide range of features in several categories.

☑️ Credefi makes lending easier, more transparent and beneficial to all involved. This becomes possible by connecting the willing parties from all over the world — users can always find someone to transact with, even if it’s from across the globe! In addition to the collateralized loans, Credefi platform will be able to provide zero-collateral loans on a case-by-case basis.

☑️ Credefi is aimed to combine traditional banking instruments with the aspect of decentralization, offering the full length of services to its customers. Credefi will introduce trade finance to its offered services. Lenders and borrowers will be able not only to meet in a deal but also to underwrite a Letter of Credit or a Letter of Guarantee, as well as factoring services.

☑️ And, of course, Credefi allows users to earn passive income. By investing their tokens into various portfolios, token holders can earn yields on their assets. The platform will provide a risk assessment and credit score data to the investors, hence giving them the means to make an informed decision. The platform guarantees a minimum  10% return on annum or more, depending on the risk appetite of the user. This is far from everything Credefi has to offer!

🔺 More information on our website at https://credefi.finance

[Credefi]

Credefi Mentioned In Forbes

While the entire world is anxiously making bets on where the cryptocurrency market will go, Credefi CEO has shared his insight with the Forbes magazine!

📗 Read the article at the link:
https://www.forbes.com/sites/kenrapoza/2021/05/16/ethereum-faces-weekend-rout-but-some-see-eth-doubling-from-here/?sh=4feed7273817

[Credefi]

Credefi Team Reinforcements!

We are happy to share some great news with you: the Credefi team has gained a new advisor, and we would like to introduce him to you! Please meet Hristo Piyankov, our very own senior advisor!

Hristo boasts a very impressive resume that we feel obliged to tell you! Combining his astonishing background in finance with a decade of experience in the fields of analytics, data science, machine learning, big data and AI, he has been at the forefront of progress at one of the largest consumer finance companies in China, serving as their CRM Analytics Director. While occupying this prestigious role, he has led several complex international projects to fruition. Data modeling is another expertise he has mastered to perfection and because there is virtually no limit to his abilities in the field, let’s just name a few: forecasts, estimations, budgeting, machine learning and statistics.

Hristo is a proficient analyst who specializes in taking rough business ideas and making sure they are both financially and technically feasible, with his focus being primarily on blockchain, tokenomics, AI and the finance industry. He is passionate about ensuring that data works in unison with and for the business and not the other way around.

His background packs a serious punch and this is why his potential was recognized by a long list of blockchain-related projects and start-ups.

Being an expert in Solidity, Python, Blockchain Technology and algorithmic trading, he has contributed towards the success of projects like Nomics, NouGit, REINNO, CCU, Velocity, IAP, Equilibrium, Hybrix, Liquidus, Bitborro, UpTrend and Asimi, to name just a few. He has collaborated on numerous occasions with Cointelegraph — the largest crypto publications network in the world.

We are extremely happy to have Hristo become part of Credefi and our team!

[Credefi]

How Cryptocurrency Transforms Financial World

A lot of analytics companies nowadays are conducting surveys on the popularity of crypto among investors. Crypto has already surpassed gold and are now in the top five instruments among investors. By the way, more than 25% of all global investments are made online, and cryptocurrencies dominate this field too.

However, experts have reached the conclusion that “the best of both worlds is achieved if centralised and decentralised financial services cooperate.” This is exactly the rule we follow here at Credefi when we take the best of both financial worlds!

We strive to bring you full transparency and decentralization, and make cryptocurrencies as widespread and known in the world as humanly possible! The rise of crypto should usher in the digital finance era that will change the economy for the better, and make the lending process simpler, more transparent and beneficial to all involved, both businesses and retail lenders alike!

🔺 Learn more at https://credefi.finance

[Credefi]

Experts On DeFi Lending

Netherlands-based ING Bank has researched the DeFi market and came to the conclusion that “the best of both worlds is achieved if centralised and decentralised financial services cooperate”. Here at Credefi we wholeheartedly agree, and we employ this very principle when building our project!

“We envision that centralised and decentralised financial services will converge at some stage as both have unique capabilities that are beneficial to the other. There is however the challenge for centralised institutions of making sure that their assets stay within countries that are white-listed”, says the document.

The automation of business processes on a public permissionless blockchain has many advantages over traditional money markets, such as accuracy, transparency and speed, the researchers say.

They also note that the replacement of financial intermediaries with automated digital contracts is a big deal today with around $76 billion in assets locked up on Ethereum alone.

According to the authors of the research, using this technology can genuinely lower the risks on the technical side of things.

At Credefi we are going further — we are working on counterparty security algorithms that will help us increase the reliability of the mechanisms we currently employ.

[Credefi]

DeFi Market Stats

This week DeFi experienced its first major drawdown in a while, as the total value locked (TVL) in the ecosystem’s dapps dropped a whopping +$23B, from $82.7B to $58.9B, since this point last weekend. Wow! That’s the reality of crypto and DeFi: things can go up fast, and they can go down just as fast, too. If you zoom in, though, this particular drawdown wasn’t so surprising, at least considering a handful of developments that depressed the wider cryptoeconomy in recent days.

[Credefi]

Meet the team: Ivaylo Hristov, Advisor

We continue introducing the Credefi team members to you, and today it is  Ivaylo Hristov - our advisor!

Ivaylo has been working in Audit and Financial control for 13 years now. He was an audit manager in Deloitte, and internal auditor in government structures and public administration. His career includes also being financial analyst in a National Financial Supervision Commission as well as finance controller in the private insurance business. Ivaylo’s bachelor degree is in Macroeconomics and has master degrees in Public administration and Marketing. Since 2013 is a member of the Association of Chartered Certified Accountants, and since 2018 – Fellow member of the same.

If you have questions for Ivaylo, he will be more than happy to answer them in the project’s chat!

[Credefi]

Credefi Team Reinforcements!

It hasn’t been long since we surprised you with the most amazing news about our new advisor Hristo!

We are once again beyond thrilled to announce that we are joined by no other than Mr. Marco Calicchia, Director of Business Development at CertiK (CertiKShield). We on-boarded Marco as a senior advisor at Credefi, because our mutual drive for security and transparency perfectly match as pieces of a puzzle.

We have published a small article about Marco on our Medium — don’t hesitate to follow the link and have a read: https://medium.com/credefi/credefi-team-reinforcements-2eae0e70ee71

[Credefi]

What Do Aave And Credefi Have In Common?

Economy-wise, the closest siblings to CREDI are AAVE and SUSHI, as they follow a two-token system with incentives for users who contribute to the platforms’ development and stability. By the way, Aave has traditionally been considered one of the top DeFi projects according to DeFi Pulse.

So, what is there in common between these projects? Aave and SushiSwap are also using extensive pooling approaches, but it is essential to point out some of the Credefi platform’s advantages in this regard:

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.

A wide choice of collateral options with high-level risk assessment, backed by a EU-licensed financial institution.

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 the popular AAVE and SUSHI, it goes way beyond their capabilities!

[Credefi]

Most frequent questions about Credefi

We want you to learn as much as possible about Credefi, so we gathered the most frequently asked questions, and answered them once again in this post. So, let’s go!

🔘 What is the unique selling point of our project?
Credefi offers a unique approach to lending and investing. As we said before, Credefi combines the most effective practices with the DeFi resolution. Hybrid mechanism helps resolve real-life issues of the traditional banking sector. We provide users — lenders and borrowers — with new opportunities. We also ensure their security with unique algorithms for determining borrower credibility.

🔘 What is CREDI token?
The CREDI token is the native token of the Credefi ecosystem and has three main functions. It serves as a rewards distribution token,an additional security layer of the platform, and enables users of the platform to participate in the investment opportunities.

🔘 What are the project’s goals?
In our white paper, we have mapped out the roadmap which defines what we want to achieve. However, we would like to draw your attention to the main objective of our project: giving our users the ability to make money with their finances. We are building a project that everyone will want to be part of!

[Credefi]

📣 BTCpeers About Credefi

You think you have read everything there is to read about our project? We are here to assure you : that is not the case! And it’s no surprise, after all, Credefi is getting more and more coverage in the media, so here is another article about our project:
https://btcpeers.com/new-defi-lending-project-credefi-offers-a-unique-approach-to-lending-and-investing

[Credefi]

Cryptocurrency is not rocket science!

Just a few years ago cryptocurrencies were something very few had any knowledge about. Fast forward to today and crypto is more popular than it has ever been. Despite all the measures various countries have been implementing against crypto, more and more people are using Bitcoin and other currencies all over the world!

Here at Credefi we are very happy about how things are going. We want to make digital finance accessible to the people, show that it’s not rocket science and we are proud to say that we’ve been very successful! Credefi combines the most effective practices with the DeFi resolution. Their hybrid mechanism helps resolve real-life issues of the traditional banking sector.

Unlike the present banking system, which supplies an unsatisfying buyer expertise, the Credefi platform is designed so that individuals and companies can assist one another resolve the inefficiencies of the standard banking system.

Credefi removes bureaucracy. Almost anyone can become a project’s participant: permission to take part is not required, and the liquidity is borderless.

Credefi has been designed to unravel the issues of a centralized monetary system. Our main goal is to ensure our users get access to all the benefits the world of crypto can offer them, and we are working hard on that!

[Credefi]

What Opportunities Do You Get With Credefi?

Credefi’s platform is currently in the launch stage. Right after this stage is complete, CREDI holders and the public will get access to the services it provides. With every new iteration, the list of services will keep growing!

But let’s look at what we already have!

Any CREDI token holder will have the right to lend in DAI, USDC or USDT stablecoin on Credefi’s platform and earn interest for the duration of the loan smart contract.

Participants on the platform will also have the choice to invest in different portfolios depending on the risk they are willing to take. The platform participants will have full visibility over the projects contained in the respective portfolio and their individual credit scores and profiles. The platform will provide a risk assessment and credit score data to the users, hence giving them the means to make an informed decision where to invest.
 
And the best thing — by lending on the platform they will be rewarded with CREDI tokens! This means that you can make money with Credefi while you’re using the platform!

[Credefi]

Benzinga About Credefi

Are you sure that no DeFi platform that promises high APY for its lenders, can guarantee security and gains in a bear scenario? You might be mistaken! Benzinga reporters have looked into it, and found that Credefi is one of those ones – the first DeFi platform in the world that adopts a robust hybrid approach towards the fundamentals of financial stability and security.

➡️ Want to get the full scoop? Visit the link:
https://www.benzinga.com/markets/cryptocurrency/21/06/21372697/credefi-mitigating-the-risks-of-investing-in-defi