Not really! Presently, the problem with lending and borrowing protocols is that rates are pre-determined, cutting across all investors regardless of their risk appetite. The DeFi sector and the Credefi project in particular are changing the game.
Instead of algorithm setting lending and borrowing rates, Credefi will be launching a hybrid system. This new system takes advantage of the best of both centralized and DeFi worlds for better autonomy and flexibility. Eventually, the project aims to be a market-driven and automated crediting system. The project aims to launch its native token, CREDI at the beginning of June, functioning as a governance and reward mechanism.
This way, Credefi hopes to revolutionize the way money is utilized. We will provide a wide array of services and connect willing parties of borrowers and lenders, including the option of investing in credit portfolios or providing trade finance services.
