Telefy - Worlds first credit score oriented DeFi solution[PRE-SALE with 50% Off]

[telefy]

Hi Everyone,

We have been working on a multi chain DeFi solution to create multi chain credit score oriented DEX, Lending platform, IDO Launch Pad, NFT market place. Finally ready to launch. Tele score will be calculated based on various parameters and same will be available for every wallet it connects to the platform. Currently the DEX is available on Rinkby testnet





Telenomics:



RoadMap:


Token Pre sale and Airdrop
PRE SALE LAUNCHED WITH 50% Discount. Participate here
 
Follow us in twitter and telegram for more exciting information

Telefy Links:
Website:
https://telefy.finance/

LightPaper:
https://telefy.finance/assets/Telefy-whitepaper.pdf

Twitter:
https://twitter.com/TelefyConnect

Facebook:
https://www.facebook.com/Telefy-104998872116794

Instagram:
https://www.instagram.com/telefy_tele/

Reddit:
https://www.reddit.com/r/Telefy_Defi

Telegram:
https://t.me/telefydefi

Contact us if you have any questions
info@telefy.finance


Thanks,
Telefy Team

[telefy]

Our aim is to develop a multi chain DeFi platform which is more reliable. We have a strong development and working heavily to solve all the current problems in the DeFi. Join telegram or twitter for more details.
Huge Announcements coming soon!!

[telefy]

Swap protocol for Ethereum Rinkby testnet below

[Keyfi5]

This sounds very interesting! I would like to know more on TELE score. Does the API on TELE score available for everyone? Please explain.

[AmoreJaz]

just to give a heads up here. i noticed that brand new accts are posting above. if those are coming from the team itself, better stop this early. because it is useless shilling or bumping the thread using noob accts. if your project is rock solid, you dont have to worry about potential users of your platform.
on the note of tele score, it means a potential customer should  also interact with your site using their wallets to learn how much they have in their portfolio. however, what will happen if after borrowing some amount, they also sell a huge chuck of their stash? is there some conditions on this regard preventing the user to sell some while on a loan status?

[crypto-project]

I see that all features like swap, lend, etc are not working. When will the feature work? and also how much APY do you offer to users who want to lend their assets to others?

Are you planning to work with a smart-contract auditor like Certik? thank you in advance

[holydarkness]

Will your team be doxxed? I find it quite ironic --or maybe quite fitting-- that a project which propose a trustless service would ask their customers to really put trust in the team as they're just names with no other means to prove their credentials. Combine that with the bumping accounts, I'll say the trust is next to nay

[telefy]

Who can participate on your pre-sale? On what conditions

Complete details will be annouced shortly.

This sounds very interesting! I would like to know more on TELE score. Does the API on TELE score available for everyone? Please explain.

Yes TELE API going to available for every wallet as micro services. Imagine all the wallets can connect to Telefy to get their TELE score. Telefy is also going to have its own lending platform where this score will determine the APY. We have plans to partnering with multiple Lending platforms.

just to give a heads up here. i noticed that brand new accts are posting above. if those are coming from the team itself, better stop this early. because it is useless shilling or bumping the thread using noob accts. if your project is rock solid, you dont have to worry about potential users of your platform.
on the note of tele score, it means a potential customer should  also interact with your site using their wallets to learn how much they have in their portfolio. however, what will happen if after borrowing some amount, they also sell a huge chuck of their stash? is there some conditions on this regard preventing the user to sell some while on a loan status?

Thanks for the heads up but they are definitely not from our team but we will ask our team members to announce here if they post from Telefy team. Coming to your Tele Score question, yes user must connect to Telefy to obtain the TELE score(Its gonna be free for every wallet) currently Aave and other lending platforms uses collateral to calculates the APY purely using Lending Pool Utilization. But TELE Lend protocol will use Telescore + Lending pool utilization to calculate the APY. this gives more trust and edge for an existing user who built good history of transactions compare to new user with no transactions. If they borrow and sell huge chunk then collateral manager will kick in and liquidate the collateral, once this action gets performed then their TELE score gets impacted drastically. We are handling this check in our TELE score algorithm.

I see that all features like swap, lend, etc are not working. When will the feature work? and also how much APY do you offer to users who want to lend their assets to others?

Are you planning to work with a smart-contract auditor like Certik? thank you in advance

Tele Swap feature is working on RinkBy ethereum test net, feel free to test, other feature development are currently in progress. There is going to be Bug bounty soon so let us know if u capture any bugs! APY is calculated on two different ways stable and variable, we heavily uses Tele Score to give APY to users. Yep smart contracts will get audited before deploying to mainnet.

Will your team be doxxed? I find it quite ironic --or maybe quite fitting-- that a project which propose a trustless service would ask their customers to really put trust in the team as they're just names with no other means to prove their credentials. Combine that with the bumping accounts, I'll say the trust is next to nay

Nope. Ofcourse we wanted to build the trust thats why we are here. I get your point on the credibility we will share the profile links/github page of our team.You can also join telegram and discuss with us directly if you have any questions or contact us at info@telefy.finance for any more questions!

[crypto-project]

I see that all features like swap, lend, etc are not working. When will the feature work? and also how much APY do you offer to users who want to lend their assets to others?

Are you planning to work with a smart-contract auditor like Certik? thank you in advance

Tele Swap feature is working on RinkBy ethereum test net, feel free to test, other feature development are currently in progress. There is going to be Bug bounty soon so let us know if u capture any bugs! APY is calculated on two different ways stable and variable, we heavily uses Tele Score to give APY to users. Yep smart contracts will get audited before deploying to mainnet.

Okay, thank you. And what about your tokens? will it also be launched with a different chain?

And what about the Binance Smart Chain? we know that there are a lot of BSC users nowadays, but I see in your roadmap that you are not going to launch a service with the BSC chain? if so why?

[holydarkness]

Will your team be doxxed? I find it quite ironic --or maybe quite fitting-- that a project which propose a trustless service would ask their customers to really put trust in the team as they're just names with no other means to prove their credentials. Combine that with the bumping accounts, I'll say the trust is next to nay

Nope. Ofcourse we wanted to build the trust thats why we are here. I get your point on the credibility we will share the profile links/github page of our team.You can also join telegram and discuss with us directly if you have any questions or contact us at info@telefy.finance for any more questions!

Nope as in "no we will not completely reveal the team" or "no, we have no intention to hide"? Because if we use the team details on your website as an example, we actually learned nothing about you. The name are common names that google search won't give a specific result, let alone check the background and credentials

[telefy]

Will your team be doxxed? I find it quite ironic --or maybe quite fitting-- that a project which propose a trustless service would ask their customers to really put trust in the team as they're just names with no other means to prove their credentials. Combine that with the bumping accounts, I'll say the trust is next to nay

Nope. Ofcourse we wanted to build the trust thats why we are here. I get your point on the credibility we will share the profile links/github page of our team.You can also join telegram and discuss with us directly if you have any questions or contact us at info@telefy.finance for any more questions!

Nope as in "no we will not completely reveal the team" or "no, we have no intention to hide"? Because if we use the team details on your website as an example, we actually learned nothing about you. The name are common names that google search won't give a specific result, let alone check the background and credentials

Means we have no intention to hide. Contact us page with LinkedIn profiles will be displayed shortly, along with the git repositories.

[jc12345]

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

[24Kt]

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

The criteria are indeed not an assurance that a borrower will respect the loan agreement. But maybe, they are just getting the approximate credit score according to their identified attributes. But a collateral is still needed to ensure that if in case, the borrower will have lapses, the lender has something they can get. And you are right, it should be different from the credit score itself.
Also, waiting if the team will disclose the background links of their team members not only their git repo.

[holydarkness]

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

I think they're following AAVE's step, back when they were still ETHLend. Not sure what's changed or this factors and services still works after the rebranding --I didn't follow AAVE much, just had a brief interest on LEND-- but they used to assume that the owner of the account would value their credibility tied to the account on a significant degree that they'll get reluctant to get default, as once they get default, their credit score on the account will be damaged.

This method matched their points from 6 to 8, where the history of their borrowing activity is put into factor and helps determining their credit score.

[telefy]

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

Tele score is determined based on different parameters that includes any collateralized history, length of credit history etc., Tele score will basically determine the APY instead of just Lending pool utilization, the better Tele score u have u will get less APY vice versa. Tele Lend will still take collateral and collateral manger will get executed if the borrower liquidates > X% which was mentioned in the light paper. Hope this clears your question. Yeah we are working on the contracts getting audited, will provide you the report when its done.

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

The criteria are indeed not an assurance that a borrower will respect the loan agreement. But maybe, they are just getting the approximate credit score according to their identified attributes. But a collateral is still needed to ensure that if in case, the borrower will have lapses, the lender has something they can get. And you are right, it should be different from the credit score itself.
Also, waiting if the team will disclose the background links of their team members not only their git repo.

Collateral is of-course required to safeguard the Lenders but APY will be determined based on the TELE score. APY is going to dynamic and will be different for every user based on their TELE score

I was quite excited to see a credit score mechanism being worked on that can be used in the DeFi ecosystem. Of all the items you list this point is the most interesting. However reading the Telescore API section of the lightpaper I am wondering if you are measuring the correct attributes to determine someone's credit worthiness to re-pay a loan? You list the following attributes:

1. How many transactions in wallet?
2. What’s the wallet balance?
3. Time holding coins
4. Telefy protocol usage (Extra score!)
5. NFT transactions
6. Amount owned and repaid
7. Credit History Length
8. Any Collateralized Liquidation History
9. Cross Chain wallet transaction validation

These things can give you a score, but is it a score that can be applied to determine if the holder will pay back a loan? I am skeptical that about the principle of calculating a credit score in this case. The best way to secure a loan would be to lock up collateral in a contract that will automatically go the lender in the case of default. This plays closer to point 8 in the list. However locking something into a contract as collateral is independent of a credit score. I think most items on the list are irrelevant to determine if someone will pay back a loan. Some people for example store coins/tokens in new addresses because some consider that best practice. These people might be the lowest risk to pay back a loan yet they will be penalized?

I also note you have swaps functionality going, can you point us to your audits for your contract?

I think they're following AAVE's step, back when they were still ETHLend. Not sure what's changed or this factors and services still works after the rebranding --I didn't follow AAVE much, just had a brief interest on LEND-- but they used to assume that the owner of the account would value their credibility tied to the account on a significant degree that they'll get reluctant to get default, as once they get default, their credit score on the account will be damaged.

This method matched their points from 6 to 8, where the history of their borrowing activity is put into factor and helps determining their credit score.

Yes you are right!

[holydarkness]

Yes you are right!

In spite of my agreement and understanding that point 6 to 8 could help determining the rating of a borrower, I have to agree with jc12345 that the rest of the points are rather useless. Point number 1, for instance, if numbers of transaction in one wallet is put into factors, then a holders who preferred one or two coins and store huge amout of these coins in one wallet once every a while would have a lower credit score than an airdrop hunter's wallet who get tons of transaction in microdose.

One other thing that's also should be addressed is point number 5. How does NFT transaction matters? There are a lot of crypto holders who doesn't give a thing or two about NFT. Never buy them or even browsing through opensea --well, I am one of them-- this doesn't automatically made the user has a higher possibility of default than those who spent their funds on NFT.

I would really love to hear you explaining how you decide and considers all 9 of the points raised by jc12345 as a determining factor

[telefy]

Yes you are right!

In spite of my agreement and understanding that point 6 to 8 could help determining the rating of a borrower, I have to agree with jc12345 that the rest of the points are rather useless. Point number 1, for instance, if numbers of transaction in one wallet is put into factors, then a holders who preferred one or two coins and store huge amout of these coins in one wallet once every a while would have a lower credit score than an airdrop hunter's wallet who get tons of transaction in microdose.

One other thing that's also should be addressed is point number 5. How does NFT transaction matters? There are a lot of crypto holders who doesn't give a thing or two about NFT. Never buy them or even browsing through opensea --well, I am one of them-- this doesn't automatically made the user has a higher possibility of default than those who spent their funds on NFT.

I would really love to hear you explaining how you decide and considers all 9 of the points raised by jc12345 as a determining factor

1. How many transactions in wallet?
Transactions will initially determine credit worthiness of the users that doesn't mean users will get excellent Tele score if they use the wallet for trading bot, we will have a mechanism to handle this, if the wallet transactions triggered by bot their Tele score will get negatively impacted!
2. What’s the wallet balance?
It's similar to traditional fiat balance in bank, say if user has 100K worth of balance in wallet where as he uses 60K as collateral for loan in that case his 40K will stand positive and user Tele score will get determined accordingly, similarly if user clears the loan and wallet balance back to 100K then Tele score will get impacted positively.
3. Time holding coins
Hodlers gets extra Tele score obviously!
4. Telefy protocol usage (Extra score!)
User can participate in DEX or Lending or Launch Pad or NFT market place or Staking TELE etc., to get extra Tele score for using Telefy protocol.
5. NFT transactions
Coming to NFT question, its not mandatory that user has to participate in NFT transaction, its just one parameter. Say if user just participates only in NFT and makes transactions we obviously don't want to call them as new user with less or default Tele score. So considering this we dont want NFT user looses an opportunity to get better APY unlike new user.

NFT user=nu
NFT Transaction in wallet=ntw
wallet balance=wb
if wb==ntw then give x% impact on Tele score which is greater then new user Tele score

6. Amount owned and repaid
Borrower takes a loan by providing collateral and without liquidating the collateral if user/borrower repays the loan with interest will give an excellent Tele score!
7. Credit History Length
Length of user credit history which will determine the x% of credit worthiness
8. Any Collateralized Liquidation History
Collateralized Liquidation History will negatively impact the Tele score. If more more then 1 Liquidation history will result in default Tele score which in turn results in higher APY.
9.Cross Chain wallet transaction validation
Similar to NFT its not mandatory to have user doing any cross chain wallet transactions, Telefy is multi chain protocol if user uses different chains like ETH, SOL, BSC and transfer an asset from one to another will positively impact their Tele score. Same cannot be used for trading bot which will result in negative Tele score.

[telefy]

Pre sale with 50% discount starts from March 5th and 30% discount for early participants. Few days away, grab your slots by joining telegram group

https://t.me/telefydefi

[yurimiki]

thank you!
good project!
I will enjoy this project!
thank you!
thank you!
thank you!

Hi Everyone,

We have been working on a multi chain DeFi solution to create multi chain credit score oriented DEX, Lending platform, IDO Launch Pad, NFT market place. Finally ready to launch. Tele score will be calculated based on various parameters and same will be available for every wallet it connects to the platform. Currently the DEX is available on Rinkby testnet

https://i.imgur.com/mtXMSIa.jpeg

https://i.imgur.com/hj39mRe.png

Telenomics:

https://i.imgur.com/550MP5L.png

RoadMap:
https://i.imgur.com/sfWpr17.jpg

Token Pre sale and Airdrop
Pre sale launch date and Bounty programs for huge airdrops will be announced shortly.
Follow us in twitter and telegram for more exciting information

Telefy Links:
Website:
https://telefy.finance/

LightPaper:
https://telefy.finance/assets/Telefy-whitepaper.pdf

Twitter:
https://twitter.com/TelefyConnect

Facebook:
https://www.facebook.com/Telefy-104998872116794

Instagram:
https://www.instagram.com/telefy_tele/

Reddit:
https://www.reddit.com/r/Telefy_Defi

Telegram:
https://t.me/telefydefi

Contact us if you have any questions
info@telefy.finance


Thanks,
Telefy Team

[cynta]

This project Members has created the very first digital token that will equal tangible value in support of a newly launched industry of Auto Construction. I'm impressed with the way the team is carrying the project to its success.  I hope for the success of the team and the community supporting this project and I hope that it will last a long time.