Credefi combines the best practices of DeFi and traditional finance

[Credefi]

Could you please explain to me what makes CreDefi unique compared to other Defi projects?

Credefi’s solution offers its participants a choice to either passively earn yield by funding a whole set of credit portfolios or participate
in individual projects or deals giving them abnormal returns. Furthermore, in the long term, Credefi aims to become a market-driven, automated crediting system. All of these features are combined in one project which have three distinct phases to it, explained in detail below. Credefi is the first project of its kind offering all the services of a Self-Bank in the crypto space.

I went to read interesting discussions, there are always interesting topics in this chat

thank you for reading the news about the project and follow the publications

[Credefi]

How Credefi Transforms DeFi Market

The DeFi market is growing at an unprecedented speed! Just earlier this year DeFi wasn’t considered too special, and analysts weren’t sure if the market will continue the uptrend, but 2021 saw an even bigger surge!

Today the ecosystem’s total value locked (TVL) rose to $62B and reached its all-time high. This is truly amazing — every day the DeFi market sees a dozen new projects ranging from investments to risk hedging, etc. However, Credefi is a unique one, and in a lot of ways it changes the way people look at DeFi.

We have already talked about how Credefi is, in some sense, a bridge between the traditional finance market and DeFi. Our project got the best from both worlds! The goal of Credefi is to leverage decentralized technologies in solving the problems that users face in traditional finance. Credefi was designed in a way, where each participant can lend and borrow money on a decentralized platform, where the contracted interest is determined by his own individual risk appetite. Users will have the ability to not only take out and provide loans, but also invest in credit portfolios, increasing their potential earnings!

In addition, Credefi will provide the means as well as new opportunities to make informed investment choices in order to bring a high rate of return, while helping those in need, but neglected by banks.

There haven’t yet been anything like this on the DeFi market, and we want these opportunities to be available to the maximum number of investors!

🔺 Visit our website to learn more https://credefi.finance

[Credefi]

Have you already done anything from the roadmap? What stage are you at exactly?

yes!

In the future, are you planning to do contests such as Evangelist or Twitter meme contest when there are more people in the community?

Phase 1 will be operational after public sale

[Credefi]

Yahoo.finance About Credefi

The list of media outlets who have already reviewed Credefi has grown - our project has been featured in Yahoo.finance!
This is not surprising, since Credefi works as a bridge between the world of traditional finance and cryptocurrencies! Their attention towards our project is clear indication of how an interesting idea and a unique product make all the difference these days! And we are happy to share the great news and a link to the article:

YAHOO FINANCE
https://finance.yahoo.com/news/credefi-announces-bridge-between-crypto-144800710.html

YAHOO NEWS
https://news.yahoo.com/credefi-announces-bridge-between-crypto-144800710.html

YAHOO MONEY
https://money.yahoo.com/credefi-announces-bridge-between-crypto-144800710.html

[Credefi]

Everything you need to know about the CREDI token in one post

💠 We would like to tell you about the CREDI token — we have gathered all the important information in this post so that you could find all the key details in one place!

🔺 And now some raw data:
🔸 Symbol: CREDI
🔸 Networks: Ethereum (ERC-20)
🔸 Supply: 150.000.000 Tokens

Stay tuned to our news to keep learning more about CREDI!
And don’t forget to visit our token’s page on our website: https://credefi.finance

[Credefi]

Hello everyone, is this project being worked on full time? How many devs? How many people working together?

You can see our roadmap to get full information in our whitepaper: https://credefi.finance/documents/wp.pdf

I would like to know what is the main benefit your CreDeFi project will bring to you? Maybe this is a strange question, but it would be nice to know about it.

The core idea is to create a positive feedback loop and mutual benefits between all stakeholders of the Credefi network.

Credefi addresses this topic differently:
• Option for peer-to-peer loans;
• Offers full spectrum of financial services;
• Passive lending;
• Peer-to-peer project-based lending;
• Trade Finance;
• Credefi is backed by a regulated EU financial institution, which provides endless
know-how and opportunities as well as legal protection for both lenders and
borrowers.

What event awaits us in the coming days? Is there any news about this in social networks?

every day we publish the latest news about the project and its development. Subscribe to our social networks

[Credefi]

Advantages of Credefi

What are the advantages of our project? This is one of the most frequent questions you ask on our social media! Today we would like to touch upon it once again, by outlining them in a separate post!

☑️ High APY. We don’t do arbitrage between the lenders’ and the borrower’s agreed interest. The lenders are entitled to the entire interest of the facilities they finance.

☑️ Strong Liquidity. Because the global digital asset market is a decentralized financial institution, it creates a vast pool of liquidity.

☑️ Decentralization. In order to achieve a true decentralised decision making and autonomous lending platform, Credefi has designed a bridge between the current financial assessment tools and decentralised decision by the market participants.

☑️ Fair deals. We perform credit risk analysis on every application on our platform. We adjust our rating to the actual data. We help lenders and borrowers find the right balance.

☑️ Security. We will implement 3-layer security for our platform lenders. It combines a DeFi tuned risk assessment process, security module and strategic partnership with an accredited financial institution.

🔺 Even more information about  Credefi can be found on our site https://credefi.finance

[Credefi]

Guys, when will you launching your public sale? Can we get exact date?

Start in June. We will announce the exact date later. follow the news

Are there any videos about the functions of this project or some kind of interview?

Not. Detailed information on our website credefi.finance

I have question guys, will I be able to take out a loan through your platform or issue loans with interest to others?

Detailed information on our website credefi.finance

[Credefi]

How are DeFi currencies different from other cryptocurrencies?

We continue sharing information about how the cryptocurrency market works. Today we would like to touch upon the unique selling points of DeFi.

Even though all cryptocurrencies are inherently decentralized, projects that leverage this technology are often the opposite. This includes various cryptocurrency exchanges, loan platforms, prediction markets, etc. Both options have their pros and cons:

🔘 CeFi pros: high flexibility and liquidity. More effective tech support. Professional asset custodianship. Rapid adaptation to client demands. Cross-chain swaps. No issues with exchanging BTC for XRP or LTC for ETH on a centralized exchange. Fiat support.

🔘 CeFi cons: all assets stored on the platform are outside of reach for the user and are thus vulnerable to threats capable of breaching the security system.

🔘 DeFi pros: user has full control and responsibility for his assets and sensitive information. No human factor — all transactions are carried out through automated smart contracts. Full access from anywhere with an Internet connection. Open source. Innovative.

🔘 DeFi cons: as a rule, it is tied to one blockchain (most often Ethereum).

DeFi platforms and tokens are becoming more and more widespread and now cover almost all facets of financial activity where it was previously impossible to do business without the help of middlemen.

☑️ What do you think about DeFi and do you believe we will see more of these projects in the future?

[Credefi]

Who will be responsible for deciding whether to include or exclude certain requirements that have arisen during the development phase of the project?

Hi so in the beginning our team will be fully responsible and will take the decisions, with time through our governance token xCredi the token holders will be able to vote on decisions and questions for the further development

Hello everyone, I'm wondering if the existing staff at CreDeFi will need to be retrained, for example, to learn new business processes?

Hi our team has been recruited specifically for this project and its development, we have aimed to have team members who will bring value and are already knowledgeable in their spheres

Hi guys, what does the risk range mean? Can I lose my money by investing here?

Risk range is defined by the characteristics of the borrower in the different portfolios, when we say low risk range it means that the probability of default for the credits in the portfolio is less than 5%, meaning that through our risk assessment we have defined that out of a 100 credits in the portfolio 5 could default, alternatively to answer your question no you can not lose your money, you could lose a small percentage but the likelihood of this depends on which risk range you have chosen

OK lets talk about Phase 1. You invest 100 DAI in a lowest risk portfolio. There is 5% risk that some of the credits in the portfolio will default. Out of a portfolio with 100k DAI balance there is the risk of default for 5k DAI out of the 100k DAI. Lets assume 5k DAI (5%) default. So in this case you will get back only 100 DAI * 5k/100k * 100/100k (your share of the whole portfolio) of the principal investment = 99.995 DAI. But in order to mitigate the 5% risk of default our portfolio has a minimum 10% interest. Even if you lose the 0.005 DAI out of the principle you will still receive the 10% DAI  interest on them, leaving you with a total of 100.095 DAI in the end!

[Credefi]

Meet the team: Valery Beltchev, CFO

We continue introducing the Credefi team members to you, and today it is Valery Beltchev, CFO.

Graduate of Harvard University (MPA), MA in Finance and Banking from Paris 2 Pantheon-Assas, and PhD in banking from UNWE, Valery has a long track record in working with tier one banks such as HSBC, Fortis Bank and Crédit Agricole Bank in France. He has been in charge of big corporate clients with Société Générale in Bulgaria. He was a partner in the company representing Rothschild & Cie in Bulgaria. He was Head of Strategy and Development of the Bulgarian Development Bank, and Chairman & CEO of Fund Manager of Financial Instruments in Bulgaria (a national promotional institution operating as fund of funds for distribution of European Structural and Investment Funds with EUR 600 million assets under management).

Valery has an immense drive for innovation and passion for fintech and is always striving towards perfecting his knowledge in this field!

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

[Credefi]

Hello everyone and have a nice evening, I heard that your platform will launch at the end of the year, how long have you been developing your product?

Our platform should be live immediately after public sale.

[Credefi]

Financial Giants Report Unexpected Crypto Demand

Last week the CEO of PayPal said that the demand for crypto has been multiple-fold of what they had expected. He added that in the coming 5-10 years the financial system will go through more changes than in the last 10-20 years.

We have long been saying that the financial market is developing the fastest it ever has. Every day the market sees new tools emerge, the tools that allow for a faster and more convenient access to the hottest opportunities, such as crypto. Credefi is one of these tools!

In the recent article of iHodl, authors have mentioned that "The World of the Traditional Credit Industry Can Leverage Blockchain Through Credefi".

➡️ To learn more about the things our project offers to the world and the financial market in particular, click this link: https://ihodl.com/analytics/2021-04-12/world-traditional-credit-industry-can-leverage-blockchain-through-credefi/

[Credefi]

As I noticed, CreDefi developers work a lot to develop the project in the best possible way, and this motivates me to think about investing in it.

of course, devs should work hard on their respective project, otherwise, who will?
 but why are all noobs commenting here. hope youre not part of their minions to bump their thread. not a good practice to promote their platform though. i dont think it would be good if this will continue - only noobs posting here. a cheap marketing strategy, which you will think that the team themselves have no confidence with their project. lets see...

I just noticed that there are a lot of newbies and newly-created accounts that are posting here. I hope the team are not hiring those new accounts to bump their thread. If they want to promote this project without using cheap strategy of using newbie accounts, they can always run their bounty campaigns here in the forum. Because if this will continue, only newbies having their own conversation, I don't think it is showing that the project has very interesting defi features for crypto users.

Project are not related to a large number of comments from newbies in our thread, but we are glad to any attention to our project and always try to answer all user questions.

[Credefi]

ICOholder List Credefi!

Rating agency in the field of blockchain start-ups ICOholder already listed #Credefi. This is another clear indication that our idea and unique products are recognised by the community!

And we are happy to share the great news and the link with you today!

➡️ https://icoholder.com/en/credefi-1001003

[Credefi]

Fxstreet about Credefi

Do you want to know more about the CREDI token and its role in the DeFi ecosystem? If the answer is yes, then we have great news for you! Fxstreet has published an analysis of our project that you can read at the following link:
➡️ https://www.fxstreet.com/cryptocurrencies/news/analysis-of-credi-token-and-its-role-in-the-defi-ecosystem-202105051536

[Credefi]

DeFi Market Stats

At this very moment, the total value locked (TVL) in DeFi is at a new all-time high just shy of $80B. Putting this in the context of mainstream finance giants, Square’s market cap is currently $112B, PayPal’s is $308B, MasterCard’s is $380B, and VISA’s is $499B.
This is tremendous news for all involved in the DeFi market! Looking back at late 2020, the $25B threshold seemed like an insurmountable obstacle! Even in January, experts were so conservative, the wildest estimates spelled $50B or $100B by the end of the year...

Well, now it seems the $100B mark is easily achievable by early summer of this year!

[Credefi]

What do you think about partnerships? After all, you need this for each project, do you have any projects for cooperation in the plans?

Credit Plus is our initial partner financial institution which is backing the project’s development. We have chosen to work with it as our partner due to their expertise in lending and collateral management and liquidation. They will assist Credefi in our operations as a means for collateral management and liquidation, hence protecting the funds of the lenders in the platform.

I have to admit that your community is growing very quickly, how will you attract more people to the project? Do you have any plans for this

we use various marketing resources and ways to attract new project participants

Hi I would like to know how many tokens will be sold during the public sale?

You can see our token distribution here

[Credefi]

As I see guys the market is very aggressive now and everything is constantly increasing in value, what do you think about this?

Yes we think that this trend will last in the short term however our project would not be affected by a turn in the trend

Hi people, how do you think the crypto market will change by June?

We believe that crypto is in a bull run at least for another two to three months

What was difficult for you in this project and how did you manage it?

The start as in anything was the hardest but what we have learned is that you just need to take the first steps and adopt and face anything which comes along the way

How do you cope when you are not satisfied or you cannot cope?

We reevaluate and analyse the situation, we admit our mistakes and we fix them along the way. Being adaptive and flexible for us is a key to success

[Credefi]

Latest Stats: DeFi Lending Market

These days, lending and insurance DeFi projects are among the fastest growing ones on the market. According to conservative estimates, the total transaction value in the alternative lending segment is projected to reach more than $300 billion in 2021. Total transaction value is expected to show an annual growth rate (CAGR 2021-2025) of 4.7%.

Taking into account that the markets largest segment is crowdlending, with an expected value of $240 billion in 2021, we believe that the DeFi lending sector in general is at the beginning of its development sitting at $25 billion.

This is why we are building our project in DeFi. The place for cutting-edge innovation is here, and we are doing everything in our power to make Credefi become the world's leading decentralized landing platform. Our main goal is to provide an opportunity to participate in the global credit market and earn high interest. We are developing unique borrower security check algorithms for lenders, and working hard on making the process of getting a loan as simple as possible.