Cardano Algorithmic Credit Scoring
Problem
ADA holders with extensive, reliable crypto lending history want access to more competitive loan products and working capital.
Solution
Credmark is building a borrowers portal to facilitate account attestation, aggregating lending history across multiple blockchains.
Total to date
This is the total amount allocated to Cardano Algorithmic Credit Scoring.
Credmark is launching a Credit Score portal for retail Crypto Credit Users at cryptocreditscore.com. The Portal will allow users to attest to accounts on a variety of DeFi and CeFi based crypto lending platforms, aggregate their data, and show them their Crypto Credit Score and Lending History. They will be able to see competitive offers of decreased borrow rates, collateralization, and margin calls based on their Crypto Credit Score.
This grant is to build functionality to allow users to attest to ADA holdings (and in the future ADA-based loans and Cardano network services) through this portal. We will build a service to attach to the KVM Sidechain. This will be the first step toward bringing Cardano into the lending ecosystem as a first class participant.
We are working alongside Emurgo in this effort in order to support upcoming efforts to create access to lending markets.
The grant will be used to support development efforts of the portal.
20000Team
Neil: 9 years experience in Fullstack dev, Paul: founded 5 startups, 3 with exits. Advisors from leadership at Moody's, FICO, and Coinbase.
