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Cryptocurrency News

Cred Protocol unveils its first decentralized credit scores

07/15/2022

Less than a minute

2022.07.15 20:15

Cred Protocol, a decentralized credit scoring startup has unveiled the results of its first automated credit scoring system for users of decentralized finance (DeFi).

Cred Protocol CEO Julian Gay outlined the results in a Twitter (NYSE:TWTR) thread, which showed how Cred successfully utilized past transaction behavior on the Aave protocol to assess the creditworthiness of future borrowers based on on-chain behavior in the DeFi space.

Source

07/15/2022

Less than a minute