The release of devolved credit made a huge impact in the lending industry, showing that DeFi and block chain technology can have significant changes in the lives of people worldwide by allowing them to have more control on their finances. In contrast to the traditional collateralized loan model, devolved credit eases the delay in resource granting by abolishing full collateralization or even over-collateralization in loans. DeCredit is transforming this industry by introducing a devolved credit-based lending model, empowering users to secure loans without deposit capital as collateral, empowering global users.
With the latest DeCredit technology update, users will surely have the best experience in borrowing money as it promotes fast, convenient and easy transactions for all.
Introducing the Variable loan to value ratio — the new update that helps users raise their Total Locked Value (TVL) in DeCredit’s lending product by uploading their credit data. This technological advancement will allow users to borrow more money with the same collateral from DeCredit’s variable TVL, improving and bettering liquidity.
As an example, suppose one wants to borrow some money from a lending protocol, however they found that their TVL is low (i.e. 80%). They turn to DeCredit and upload their credit data to raise their TVL in DeCredit’s lending product. This will result in a higher credit rating from DeCredit Oracle with a 90% TVL.
Currently, DeCredit’s tech team has an ongoing exploration in the implementation of a solo credit oracle node to fully enhance and maximize the use of the technology. The latest DeCredit update is said to be the first independent advancement of the DeFi project to increase lending rates based on real credit data.
All on-going and future projects of DeCredit have the capability to fundamentally change people’s lives whether it comes to business loans, micro-loans, personal loans or any other category and access to borrowed capital just got easier.
Stay informed and keep paying attention to new development updates!
About DeCredit
DeCredit is a Defi 2.0 protocol that empowers the DeFi market by introducing the credit loan models, that is, linking credit authentication nodes and credit Oracle to lending products, on the premise of existing encrypted collateralized loan models, with a view to progressively reduce and finally eliminate collaterals, enabling staggered resource allocation and enabling the blockchain paradigm to inclusively enable the traditional financial lending sector. By doing this, Discredit leverages the tremendous momentum generated by DeFi to provide liquidity support to a wider range of entities and individuals.
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