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.

For Borrowers:
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.

About Ribbon:
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.

About Credora:
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.