June’s over! Last month saw the integration with Polygon expanding RCN frontiers to other networks, there were also updates in the Credit Marketplace. Here are the latest news!
RCN is live on Polygon!
During this month, RCN went live on the Polygon chain, expanding its frontiers and stimulating the multichain synergies even more. Through this new alternative users can borrow or lend with almost no cost while enjoying fast transactions. Lowering the barriers of entry to financial services and especially credits for borrowers or lenders around the world, becoming more inclusive and accessible for everyone.
Polygon has been showing stronger user adoption with a significant liquidity concentration. That’s why it was chosen as the next chain integration after The Credit Marketplace went live on Binance Smart Chain.
If you want to know more and learn how to use The Credit Marketplace for requesting or funding a loan on the Polygon network, here’s a piece where you can find a guide with the necessary steps to become an expert user.
RCN Marketplace v0.4.2 and v0.4.3
June saw three Credit Marketplace updates the v0.4.2, v0.4.3 and V0.4.4 which included differents improvements related to the platform’s interface and user experience. In this matter, the most important feature was the Polygon integration mentioned before. Following was the availability of a cross-chain identity thanks to the integration with Proof of Humanity, where users can check if the requester of a loan has a profile on PoH. Being this a cornerstone in the further developments of undercollateralized loans planned on the RCN roadmap.
The borrowing process was also changed to improve the user experience when they request a loan. Although the process continues to be divided into two segments, one to set the borrowing terms and the other to deposit the collateral, both transactions will be executed when the “Confirm” button is clicked. This prevents users from paying a transaction to create a loan without having deposited collateral yet. It’s also useful when users haven’t realized they don’t have enough funds to cover the 200% of the collateral ratio.
The other enhancements are about the gas price calculation set by default which improves the transactions speed. The last improvements are the new skeletons introduced in the loans list view and the dashboard section to indicate they are loading. Generally, these components help to perceive that the page is loading faster compared with a blank page.
Never miss one of RCN’s updates!
- Visit its Official Website & check the Credit Marketplace.
- Follow it on Twitter, Reddit, Facebook & LinkedIn.
- Join its community on Telegram.
- Check its code on Github.
- Reach it at contact@rcn.finance & helpdesk@rcn.finance.
