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Discover Credefi Series: Credefi 101

2021-10-28   |   by Carl Cohen   |   2334

Greetings Credefians! We’re starting a special series for our loyal community members and newcomers to our ecosystem that will help you better understand Credefi’s mission and goals.

Credefi 101

  • Credefi is a Fintech / DeFi protocol bridging crypto lenders and small & medium enterprise borrowers from the fiat economy, using an innovative and user-friendly approach.
  • Credefi’s platform enables decentralized and secured lending to portfolios of businesses, protecting lenders while providing them fixed APY that is uncorrelated with crypto markets’ volatility.
  • On the DeFi side, DeFi yields are inconsistent, fragile, and evaporate in bear markets — the aftermath of DeFi Winter and the market crash in May ’21 are a clear proof of that. We see that speculative borrowers cannot satisfy DeFi lending supply.
  • On the TradFi side, small and medium enterprises are historically underserved by traditional banks and are borrowing at consistently high interest rates. There are not enough lenders to satisfy SME borrowing demand, pushing SMEs to alternative lending solutions such as peer-to-peer and crowdlending which are billion-dollar industries in the US and EU.

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