Credefi combines the best practices of DeFi and traditional finance

[Credefi]

DeFi Market Stats

We continue our weekly tradition of publishing DeFi market stats! The size of DeFi acutely shrunk again this week, with the ecosystem’s total value locked (TVL) declining from $58.79B to $55.25B. That’s not some major drop-off, right, but we’re certainly not in the “up only” environment we were in just a handful of weeks ago!

[Credefi]

What were the factors which made crucial impact about the creation of this project?

Market analysis, opportunities that we can provide

[Credefi]

Congratulations to the referral program leaders of this week!

We are excited to congratulate our users who invited the most referrals this week! These guys have earned our attention and applause:

https://twitter.com/KuntulBerbulu - 101 referrals
https://www.twitter.com/HhvgVtU8qaaYFqF - 34 referrals
https://twitter.com/saputrodimas770 - 13 referrals

They got one step closer to become $CREDI token holders! If you want to follow their example — join our referral program.

For more details, visit:
https://telegra.ph/Credefi-Official-Telegram-Referral-Campaign-06-13

[Credefi]

Have a nice evening guys, what do you think about market now? Will it influence on Credefi?

Credefi is a strong project. The market situation will not affect the development of the project

What guaranteed income or passive income can I count on in this project? And what do I need to do for this?

Read more: https://t.co/s4Uifs5hyU?amp=1

[Credefi]

Lending On Blockchain - its strengths and advantages

Why does the lending sector seem to be so attractive to blockchain initiatives? We used to look at banks and other financial institutions as something built for our benefit. However, these institutions, just like any other business, act solely to cover their bottom line. When it comes to providing loans, they will always act to boost their own profit as much as possible.

This leads to SMEs and other users having difficulty accessing the lending market. With that said, small and medium enterprises (SMEs) are considered to be the backbone of emerging markets. They comprise some 95% of businesses all over the world, and employ 65% of the workforce in total. It is estimated that over the next 15 years, SMEs will create 600 million jobs, which makes this market quite attractive.

Lending through blockchain is peer-to-peer, making the whole process smoother and faster. The middleman (bank) is replaced with a decentralized protocol, which connects lenders and borrowers directly. With that said, borrowers get to enjoy competitive prices — the protocol covers the entire world.

Since all transactions are public and verifiable, each address can be assigned a credit score. Each transaction on any given address can be analyzed.

Blockchain allows lending to become much more transparent. The process of providing a loan — from the initial request to the actual payment — happens on the blockchain, which makes it both cheaper and faster.

[Credefi]

What Services Does Credefi Provide?

What exactly will Credefi users gain from participating on the platform? We have covered a lot of what our platform does in the previous posts, and to briefly reiterate on that, we combine the advantages of traditional financial systems and blockchain.
This means:

Credefi will take full advantage of the decentralized finance capabilities of the blockchain, with direct peer-2-peer finance, liberalizing the process of lending and borrowing by connecting the willing parties worldwide. 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.

Want to learn more — visit our website https://credefi.finance

[Credefi]

Hello there, what about total and circulation supply? And where can I see your roadmap

The total supply of our project is 150 million CREDI.
The roadmap is available on our website credefi.finance

[Credefi]

CREDI Token Economy Paper

Did you know that we have published a document called Economy Paper? It delineates our project’s financial structure, and will help you understand how the Credefi economy works! 

Credefi is powered by its two main tokens - the CREDI and xCREDI tokens, which are compliant with the ERC20 standard and will be issued on the Ethereum network.

CREDI is designed to be an inflationary token, used for rewards and acting as an additional security level for the loans issued on the platform. It will be offered via private and public token sale and later available for purchasing and selling on the CREDI/DAI liquidity pool on UniSwap.

xCREDI is a variable supply token created by burning CREDI and stabilizing the Credefi ecosystem. Users who deposit CREDI in the security module could also benefit from multipliers and are allowed to participate in the Credefi governance.

Want to learn more? Follow the link https://credefi.finance/documents/ep.pdf

[Credefi]

Do you plan to connect nft to CreDefi? As we know Nft is now a very relevant topic in cryptocurrency.

Currently, we don't have such plans. But we will think about it as per the need in future.

[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 is 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 best.

[Credefi]

DeFi Market Stats

This week, the total value locked (TVL) in DeFi dropped below $50B for the first time since late May 2021. At the time of writing, the ecosystem’s TVL was hovering right around the ~$48B mark.

At this point, uncertainty is reigning. Many people still think the rest of 2021 will foster a bullish uptrend for crypto and DeFi, yet the recent market chop has more folks feeling bearish sentiments than we’ve seen for a while. In the meantime, the verdict’s still out, so bulls, bears, and those in between will just have to keep watching closely to see which way the market breaks next.

[Credefi]

Hello everyone, I'm a newbie here and would like to know how your project differs from others, perhaps there was such a question more than once, but can you answer it briefly?

Hello!
Credefi is a project that aims to create a decentralized platform, which solves both conventional finance and DeFi real world problems. It utilizes the strengths of both domains in order to create a hybrid model that will give users real world applications and usability. 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. The project will revolutionise the way your money is utilised by providing full spectrum of services, creating hybrid approach between DeFi and traditional banking.

[Credefi]

Digital Kapitalist About Credefi

You might have got used to reading about our project, how about watching a video about it? A YouTube channel Digital Kapitalist has released a review of our project some time ago, and if you haven’t seen it by now, this might be the time to do it!

We are excited to share the link to the review: https://www.youtube.com/watch?v=TcFOtnV70PQ 

[Credefi]

Credefi: two-token project

We would like to remind you that the Credefi token economy setup follows a state-of-the-art two-token system with added incentives for users who contribute to the system’s stability:

- CREDI — an inflationary token used for rewards on the platform;

- xCREDI — a variable supply (but deflationary in the long run) token created by burning CREDI and stabilizing the Credefi ecosystem.

Two tokens allow projects to fine-tune their economy. Two tokens enable more features, mechanisms and opportunities for our users' benefit! This way Credefi enables users to make money and participate in the governance process, voting on various initiatives!

[Credefi]

The Global Liquidity Market

When looking at the global economy today, it is undeniable that one of the most foundational components that underlies a large number of financial products is the ability to lend and borrow assets. Lending provides participants passive yield at a controlled level of risk, while borrowers gain access to working capital for which they can do as they please. This is what is commonly referred to as a money market.

In the traditional financial system of today, money markets are operated by centralized middlemen. It is them who end up making the decisions on whether to approve a loan or not, how high the interest rate should be, putting a limit on a lender’s profitability — effectively disrupting the ability for any participant to engage in financial activity. Such centralized middlemen have proven historically they have no ethical barriers against such activity.

What if there was a money market that didn’t require a centralized middleman, but instead interactions were facilitated by a credibly neutral decentralized protocol that nobody could interfere with? We believe the market situation could be much different! This is exactly what we’re striving towards with Credefi! We are building a platform that combines the best practices of DeFi and traditional finance. Our hybrid mechanism solves real life problems and inefficiencies of the conventional banking and finance sector, and provides unique opportunities for both borrowers and lenders.  Using blockchain guarantees transparency and accessibility of our solution, which means there will be no artificial barriers to loans!

[Credefi]

Why do more and more people use cryptocurrency?

Buying things using cryptocurrency or sending money in Bitcoin is absolutely normal to a huge number of people all over the world! Cryptocurrency's user audience is growing every day, but why is that?

The field of cryptocurrency has no authority that decides whether or not your transaction goes through. Nobody can block your wallet or inquire about the nature of the money transfer. Nobody limits the amount of money a user can send or receive.

Traditional payment systems have all kinds of built-in limits, checks, human errors and legal boundaries. That being said, all of the above works against the client, always. In crypto, however, everything is in the hands of the users. This is why the main cause of its growth in popularity is how it offers independence in handling your finances!

At Credefi we want to give cryptocurrency holders even more abilities to manage their finances! Borrowing or lending money through our protocol is fast, transparent and effective. We combine the best aspects of both traditional finance and cryptocurrencies, offering you an opportunity to make money — and make your life easier!

[Credefi]

Fiat – Out, Cryptocurrencies – In

Digital currencies are the future. The Credefi project team realized this long before entire countries started thinking about creating their own digital currencies. Once our project came to be, we began building our own digital currency, and what do we have now? In an effort to make up for wasted time, whole countries are rushing to create national cryptocurrencies!

Among the countries diligently working on the launch of their own cryptocurrency are China, Japan, Turkey… Digital assets have also been of interest to the US and some European countries (Estonia, for example, already has a digital currency in place). El Salvador has decided to simply adopt Bitcoin as a legal tender.

What is the natural conclusion? Today governments understand: the fourth industrial revolution is coming and the economic system will also change – fiat will fall out of existence. Time will tell whether or not national cryptocurrencies will be in demand, but such currencies won’t be decentralized, that’s for certain. Lest we forget that decentralization is the primary advantage of any cryptocurrency.

[Credefi]

DeFi Market Stats

DeFi’s back on the mend, at least acutely, as the decentralized finance ecosystem saw its total value locked (TVL) climb from $48B to $52.94B since this time last week.

Is the latest crypto shakeout over, then, and is $100B in our near-term targets again? That remains to be seen!

[Credefi]

DeFi protocols VS CeFi platforms

The crypto lending market is constantly developing! But let’s try to figure out why that is. Why are decentralized financial protocols better than centralized ones when it comes to lending?

CeFi platforms (both virtual and traditional) work on the same principle as most banks. In fact, banks are CeFi platforms by nature. They hold deposited assets, sometimes lending them to third parties, which ensures profit for the depositor, and a loan to the borrower. On paper, this model sounds good enough, but in reality we are stuck with a number of issues such as embezzlement, hacks, artificially low balling interest rates, etc.

DeFi protocols can, on the other hand, allow users to become lenders and borrowers in a decentralized system, and have full control over their money. This has become possible thanks to smart contracts that function on open blockchain solutions, such as Ethereum. In contrast with CeFi, decentralized platforms can be used by anyone anywhere, without the need to submit personal data to a central authority, wait for it to process the data or go through tedious bureaucratic procedures. As you can see, DeFi solutions are much more attractive, which is why we are working hard to combine the best from both worlds — centralized traditional finance and decentralized cryptocurrencies. It is thanks to this approach Credefi has managed to build such a capable and useful product!

[Credefi]

Credefi Announces Official Ambassador Program

Team Credefi is beyond excited to announce its brand new Ambassador Program, designed entirely for Credefi enthusiasts all over the globe who wish to spread the word about the protocol across their own international communities.

☑️ What is in it for you, you might ask?
☑️ What will you do as an Ambassador?
☑️ What reward will you get?
☑️ How to apply and become a proud Credefi Ambassador?

📍 Answers to all of these questions at the link:  https://link.medium.com/uoXaOqZzHhb