Credora and Ribbon Form Credit Evaluation Partnership for Ribbon Earn’s Borrowers
Credora’s credit evaluation will facilitate data-driven lending for Ribbon on the participating Market Makers within their Earn Vaults.
August 26, 2022
Ribbon Finance decentralized protocol that helps users access crypto-structured products for DeFi through their “Decentralized Options Vaults” (DOVs) and Ribbon Earn product, which are a combination of options and fixed income to improve a portfolio’s risk-return profile. Credora is partnering with Ribbon to conduct privacy-preserving credit evaluations and real-time risk monitoring on eligible Ribbon borrowers for the Ribbon Earn product. The partnership will enhance capital access for creditworthy borrowers and provide Ribbon insight into the participant’s real-time risk.
Ribbon’s new product, Ribbon Earn, is an all-weathered structured product focused on principal protection where yield is generated through lending, and then deployed to purchase options, enabling principle-protected opportunity to capture short-term market volatility. Ribbon will lend capital to reputable borrowers onboarded through Credora’s platform, which evaluates on-chain and off-chain financial information in a privacy preserving and neutral way.
Credora services have a proven track record across various DeFi applications. Credora’s evaluation encompasses real-time risk monitoring, KYC, and financial statement analysis. Like other applications, Ribbon gains transparency of the borrower risk without the borrower having to reveal sensitive information to anyone.
The borrowers must onboard through Credora before accessing Ribbon’s Earn product. The Credora credit evaluation process captures data across CeFi and DeFi holdings to generate a credit rating and additional borrow capacity. Borrowers benefit by validating their creditworthiness to Ribbon in real-time, without revealing any private data.
Ribbon Finance is a decentralized protocol that helps users access crypto-structured products for DeFi across Ethereum, Solana and Avalanche. Ribbon’s Vaults and Earn products combine options and fixed income to improve a portfolio’s risk-return profile.
Credora enables data-driven and transparent lending across CeFi and DeFi. The team has developed private credit infrastructure that evaluates the real-time creditworthiness of borrowers while protecting sensitive data. To date, Credora has facilitated $800m+ in uncollateralized loans across 100+ borrowers & lenders with clients and can help well-capitalized, risk-managed borrowers borrow transparently and securely. Credora currently monitors over $4 billion of borrower assets with coverage across most CeFi venues while covering DeFi and staking activity from 14 EVM compatible chains and Solana. Credora (X-Margin) raised $8 million in a Series A funding round backed by leading digital asset investors. For more information on Credora, please visit credora.io.