The banking industry has proven that it is not concerned with the well-being of its regular customers, while a few investment banks have been making the decisions where one’s money is going to be invested and more often who is to benefit from these decisions.
Within the current crypto space, the technology of decentralization has given the means to participate in a market worldwide without regulations and central decision making.
However, until now there is no project which provides the professional tools of the existing credit industry to its token holders, while being able to manage their own funds in a decentralized way and obtain high rates of return.
This is where the Credefi platform comes in, offering a full spectrum of traditional banking services in a decentralized form, where the interest is determined by the customer’s own individual risk appetite. Credefi connects the willing parties in the forms of peer-to-peer lending, investment in credit portfolios, crypto swap deals, and trade finance.
The Credefi token economy setup follows a state-of-art two token system with added incentives for users who contribute to the system’s stability. The tokenomics consists of:
CREDI — an inflationary token used for rewards on the platform.
xCREDI — a variable supply (but deflationary in the long run) token created by burning CREDI and stabilizing the Credefi ecosystem.