What is Cred Protocol? Cred Protocol is a Credit Protocol, Analyze On-chain and Off-chain data to evaluate the account owner’s ability and willingness to fulfill obligations, especially debt repayment. So What is Cred Protocol? How does it work? Let’s find out in this article!
To understand more about Cred Protocol, you can read the following articles:
- What is Huma Finance? Overview of Cryptocurrency Huma Finance
- What is Credit Protocol? Long-Term DeFi Trends
- Operational Differences Between Uncollateralized Lending and Credit Protocol
- What is Maple Finance (MPL)? Maple Finance Cryptocurrency Overview
- Maple Finance And The Cracks In The Credit Protocol Sector
What is Cred Protocol?
Cred Protocol is a Credit Protocol, Analyze On-chain and Off-chain data to evaluate the account owner’s ability and willingness to fulfill obligations, especially debt repayment. Protocol for evaluating user credit using a credit scoring system.
Factors that affect a user’s credit score:
- Borrowing History: HHistorical debt repayment performance.
- Account Composition😛Internal analysis of accounts (assets).
- Account Health:Qscale and volume of operations.
- Interactions:SAccount participation in the web3 ecosystem.
- Trust:Strust and transparency.
- New Credit:LRecent credit history.
Credit Protocol provides a suite of credit services including:
- Credit scoring
- Credit report
- Credit monitoring
- Credit explanation
- Accountability services
Development Roadmap
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Core Team
Julian Gay: Founder & CEO
- Julian’s highest level of education is a Master’s degree in Engineering from the University of Cambridge.
- In 1995, Julian started his first job at Deutsche Bank, as a Senior Software Engineer. PDeveloping trading and risk systems for the OTC, emerging markets and credit derivatives groups. But after nearly 5 years with Deutsche Bank, he left to find new opportunities.
- In 2007, Julian started building his first startup called Filobite. Provides file hosting services, focused on the consumer and SMB markets, founded around the same time as Box and Dropbox.
- In 2009, Julian became Senior Product Manager – Group Strategy and Development at Orange. CResponsible for new product development and strategy to support business units. Advise Orange Executive Board members on the Enterprise’s product strategy.
- In 2013, Julian became CEO and Co-founder at Xendo, Inc. One of the first cloud-based enterprise search services – unifying disparate enterprise applications into a single, searchable view.
- Currently, Julian is Co-Chair, Founding Board Member at GBx GlobalGBx and Founder and CEO at Cred Protocol.
Joe Foster: Head of Product
- In 2016, Joe graduated with a Bachelor’s degree in Theology from the University of Oxford.
- In 2016, Joe started his first job at Barclays as Associate – Credit Portfolio Management.
- In 2021, Joe moved to Forward Partners as Senior Credit Risk Manager.
- Currently, Joe is a Trustee at The Wolfpack Project and Head of Product at Cred Protocol.
Investors
Cred Protocol is invested by funds such as Alliance, GSR, Volt Capital, AngelDAO, Robot Venture,… with an undisclosed amount.
Tokenomics
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Exchanges
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Project Information Channel
- Website: https://www.credprotocol.com/
- Twitter: https://twitter.com/cred_protocol
- Discord: https://discord.gg/MtDHUX9mD6
- Medium:
Summary
Cred Protocol has great potential to capture the Credit segment, a very potential segment and no project has yet captured this market share. Although this segment has traditionally developed very strongly, in DeFi there are still some difficulties such as identity authentication and debt collection ability.
So I have clarified what Cred Protocol is? Cred Protocol cryptocurrency overview. Hope this article brings you a lot of useful knowledge!