Launches Credit Lines, Staking, and Bonus Rewards &
8 min readApr 22, 2022

-- is a decentralized finance loan marketplace. The focus of the platform is on:

  • Fixed-term/Fixed-interest loans for borrowers — borrowers will know their cost of capital in advance and have predictability.
  • Fixed-income funds for lenders — lenders define into which maturities they want to invest, and will make all the investments.

We are happy to announce the Release 1.2!

Credit Lines, Staking and Bonus Rewards are launched

The key features of our new release are:

  • Credit lines for borrowers
  • Staking for holders (30–80% APY)
  • Bonus rewards for borrowers and lenders (10–50% APY)
  • New collaterals and new assets — ETH, wETH, wBTC and partner tokens
  • Fiat on-ramp/Fiat off-ramp for connecting with TradFi
  • Positions Monitoring System

We hope you enjoy our new release and its exciting new features!

Short walkthrough video is available here:


Most borrowing/lending platforms offer variable-rate, variable-term loans for borrowers. We are the opposite — we offer fixed interest rates and fixed terms for borrowers.

Why is this important? Because of the cost of capital. Borrowers want to know their cost of capital. Lenders want to know how much they will earn. Both sides will have predictability.

Additionally, we offer DeFi fixed-income funds for lenders. The lenders define what kind of loans they want to invest in — they describe their investment rules. Every lender can choose if they prefer short-term lending strategies (with less interest) or long-term lending strategies (with more interest). Every lender can define how much of their portfolio to invest in the shorter term and/or longer term. does in-the-background automated matching of borrowers’ loan requests with lenders’ fixed-income funds. But not only this — monitors the loan, and if the borrower is not paying or the borrower’s collateral value sinks too much, the loan is liquidated. never earns on liquidations — what’s remaining is transferred back to the borrower. This is one of the key differences from our competitors (Aave, Compound, and Maker). Our competitors earn revenues while liquidating the under-collateralized borrower because the collateral is sold at a discount, and the remainder of the collateral value becomes the profit of liquidator bots. Most of these bots are hosted by the respective platforms. And the liquidation revenues transfer into the platform revenues, in some months even into 50% of the respective platforms’ revenues …

As we said, is different. Remaining funds from liquidations are transferred back to the borrowers. does not earn on the borrower’s liquidations. And if the collateral does not cover the borrower’s obligations, the loss-provision fund will pay the gap to the lender.

Many borrowing platforms (custodial or noncustodial) use the peer-to-pool-to-peer business model, meaning they pool the retail client assets and then lend to borrowers from these pooled assets.

Although this sounds like common sense, this approach automatically classifies the investment product as a security, which means it must be registered as a security by the SEC and other regulators. And not only this, the provider of this product — be it a DAO or a limited company — will need to register as an investment company (sometimes called an investment fund manager).

All peer-to-pool-to-peer business models now have regulatory challenges because they pool retail client assets and offer yield on the pooled assets. is different. It does not pool client assets — it’s pure peer-to-peer play. While our competitors will need to register as a security (and they will never get this registration), we are free from these requirements.

Credit Lines

Before our current release, every loan was a separate transaction — the borrower had to transfer collateral; he received the funds, paid back the loan, and received back his collateral.


  • The old system was connected with the confusing “Approve ERC20” transactions.
  • Many borrowers are not borrowing just once; they do this regularly.
  • They want to transfer collateral once or maybe add more later.
  • Furthermore, borrowers want to take multiple loans without transferring collateral every time.

That’s why we introduced credit lines for borrowers. From the user interface, there are a few changes. The main changes are in the background — a credit line will always be created in the background.

A credit line allows:

  • Borrow multiple times against collateral
  • Have diverse types of collateral in one credit line
  • It’s like a “TradFi line of credit

When using a credit line, then user has to pay gas for:

  • creating his credit line
  • depositing collateral into his credit line
  • Repayment of the loan

However, user does not need to pay gas for any following borrowing transactions!

As ETH and ERC20 tokens are treated differently in Ethereum, the system will create in the background a maximum of four credit lines per user, depending on the selected asset and selected collateral.

  • Borrow ETH, use ERC20 tokens as collateral
  • Borrow ERC20 tokens, use ERC20 tokens as collateral
  • Borrow ERC20 tokens, use ETH as collateral
  • Borrow ETH, use ETH as collateral — in case someone needs it, it’s available

And in the event your loan is liquidated, the remaining assets will be transferred into your credit line, so you can use them as collateral later or for paying back the loans. Please note: does not benefit from your liquidations — that’s the big difference from all other lending platforms.

More info about the credit lines is available in:


Our new release enables staking for all holders. Details of the staking program are explained in this Medium article.

Here is a short summary of the staking rules:

  • Every week, 4,327 SMARTCREDIT tokens will be distributed as staking rewards.
  • The staking rewards are pro rata, pro volume.
  • The user must keep his SMARTCREDIT in staking for at least 90 days. If a user withdraws before 90 days, he will lose his rewards.
  • If a user keeps his SMARTCREDIT in staking for 90 days or more, he is entitled to the rewards, including the rewards for the first 90 days.
  • Staking rewards will be assigned every Sunday, 12:00 UTC.
  • Staking rewards can be claimed via the “My Rewards” menu.

The staking returns depend on how many other holders are staking:

  • Overall circulating supply is, at the moment of publishing, 1,547,381 SMARTCREDIT tokens.
  • Ca 425,000 SMARTCREDIT tokens are allocated as liquidity in the exchanges, and they will not earn any staking rewards.
  • If 50% of the remaining tokens are staked for an entire year, then the staking return is 40%+ annualized.
  • If 25% of the remaining tokens are staked for an entire year, then the staking return is 80%+ annualized.
  • The more other holders are staking, the smaller the staking return will become, and vice versa.

More details about the staking rewards are available in:

Borrower and Lender Bonus Rewards

Borrowers and lenders will earn attractive bonus rewards. Details of the bonus rewards are explained in this Medium article.

Here is the summary:

  • 2,885 SMARTCREDIT tokens are allocated for the weekly rewards.
  • The rewards are pro rata, pro volume.
  • If there are more borrowers on the platform than lenders, then the lenders get more rewards and vice versa.
  • The rewards for borrowers and lenders are capped (in USD value). If there are weekly rewards above the cap, then these are stored as “booster tokens.” The booster tokens are paid out later when the volume on the platform increases.
  • Bonus rewards are assigned every Sunday, 12:00 UTC.
  • The rewards are visible in the “My Rewards” section and can be claimed on the same screen.

More details are about the bonus rewards are available in

Variables That Influence the Yield

Borrower and Lender bonus rewards are allocated every week for full last 7 days. The bonus rewards and staking rewards per week are not fixed — the weekly rewards depend on several parameters.

  • How many other users are borrowing — if total borrowing volume (open loans) is more than previous week, then weekly rewards APY is smaller than previous week. And vice versa.
  • How many other users are lending — if total lending volume (total deposits into FIF’s without SMARTCREDIT token) is more than previous week, then weekly rewards APY is smaller than previous week. And vice versa.
  • The cap on the borrower and lender rewards — the cap on the borrower rewards in USD is 10%–75% APY (based on open loans); the cap on the lender rewards is 10%–50% APY (based on total FIF deposits without SMARTCREDIT token)
  • The borrower/lender ratio on the platform — if there are more borrowers, lenders will receive more returns. And vice versa.
  • The number of booster tokens — if there are booster tokens and rewards APY is below the cap, then booster tokens will be used to increase the weekly rewards APY till the cap
  • How many other holders are staking — if there is less staking volume, then the staking rewards are higher because every week 4,327 tokens will be shared between stakers.

New Collaterals and New Assets introduces our partners’ tokens as collateral:

Additionally, we included these tokens as collateral:

  • SMARTCREDIT token — our own token can now be used as collateral for borrowing
  • wBTC
  • ETH (Ethereum)
  • wETH (Wrapped Ethereum)
  • DAI
  • USDC
  • USDT

The new assets, which can be borrowed on, are:

  • FRAX stablecoin

More info about the collaterals is in:

Fiat On-Ramp/Fiat Off-Ramp

We integrated the fiat on-ramp/fiat off-ramp solution of our partner Mt Pelerin:

  • Users can now convert from fiat to crypto and back in You need only a bank account in a TradFi bank for this.
  • If daily transactions are below CHF 1,000 or per month below CHF 15,000, then any wallet can be used for the transfers.
  • If the user has a higher conversion volume, then the Mt Pelerin bridge wallet should be used. In this case, the KYC needs to be completed via the bridge wallet. The bridge wallet can be connected to via WalletConnect.

Positions Monitoring System

Every borrower can enter in his profile his telegram ID and subscribe to the bot. Borrowers would receive the following notifications:

  • Notifications of upcoming loan repayments (if borrower misses the repayment deadline, then the collateral is liquidated)
  • Notifications, if liquidation probability of a specific loan has increased to 20% (user can then add collateral or repay parts of the loan(


Additional Information

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