Credora
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Credora

Credora (formerly X-Margin) Partners to Launch Maple Solana, Opens $45M Pool

April 25, 2022

Credora is expanding our partnership with Maple by becoming the first team to operate an uncollateralized lending pool on Maple Solana. Credora is optimally positioned to serve as a Pool Delegate, as we are focused on building infrastructure that helps evaluate counterparty credit risk in a provably neutral and private way, ensuring counterparties can attest to their creditworthiness without ever revealing sensitive data. As a Pool Delegate, we will utilize the Credora platform to onboard and evaluate borrowers, helping create more open and transparent credit pools. Over $1.2 billion loans have been issued from six lending pools on Maple on the Ethereum blockchain, and is expected to continue their rapid growth on the Solana blockchain.

Maple acquired Avari at the beginning of 2022, in a bid to be the first multi-chain institutional lending application on Solana. Solana has advantages in terms of increased throughput and transaction speed, has a developing ecosystem and continues to draw substantial interest from institutional participants. The performance capabilities open possibilities for the future of DeFi lending on Solana, which aligns with Credora’s real-time risk capabilities.

Quinn Barry, Head of Maple Solana said, “By combining Maple’s tech with the scalable nature of the Solana blockchain and Credora’s superior privacy-preserving credit risk infrastructure, we are unlocking frictionless financing solutions for the entire Solana ecosystem.”

Infrastructure to Scale

Credora’s technology is blockchain agnostic, pulling private data from CeFi and DeFi, allowing for a more holistic and complete credit evaluation of a borrower. The privacy-preserving metrics allow for transparent lending and borrowing across the crypto ecosystem, enabling automated and data-driven credit allocation. The architecture allows for frictionless distribution of a borrower’s creditworthiness across multiple applications.

Maple + Credora SOL Pool Details

The USDC lending pool already has multiple committed borrowers, who are providing real-time and static financial information via the Credora platform. The transparency provided through Credora improves lender risk management to facilitate efficient credit for the Solana ecosystem. Credora and Maple aim to grow the pool to over $300m in loans over the next 6 months.

Darshan Vaidya, CEO of Credora: “Maple Finance’s multi-chain infrastructure continues to lead the way for institutional credit infrastructure in crypto. Credora’s privacy-preserving credit platform is a natural fit for this, helping to scale a more data-driven and transparent credit market in DeFi and CeFi.

About Maple

Maple is a multi-chain institutional crypto-capital network available on Ethereum and Solana. Maple brings the trillion-dollar capital market on-chain, using smart contracts to remove time and cost frictions, and blockchains for immutability. Maple expands the digital economy by providing the tooling for credit experts to build lending businesses, which in turn facilitates uncollateralized lending for institutional borrowers and income opportunities for lenders. The economic potential of the future will be fulfilled by harnessing global capital and applying it to areas of greatest opportunity. For more information visit: maple.finance.

About Credora

The Credora platform enables data-driven and transparent lending across CeFi and DeFi. The team has developed a private credit infrastructure that evaluates the real-time creditworthiness of borrowers while protecting sensitive data. Credora currently monitors over $3.5 billion of borrower assets and has facilitated over $400 million of loans. In September, Credora raised $8 million in a Series A funding round backed by leading digital asset investors. For more information on Credora, please visit credora.io.

[Links]
Maple Finance Discord
Maple Finance Twitter
Maple Finance Telegram
Maple Solana

Credora Twitter
Credora Telegram
Credora Website

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Credora

Credora

The Private Credit Oracle. Credora is an end-to-end lending solution facilitating credit by validating real-time risk metrics in a zero-knowledge environment.