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According to DeFi Pulse, the total value of funds locked in DeFi applications has grown from $300 million in early 2019 to several billion in 2021. For the longest time MakerDAO was almost the only serious player on the DeFi market. However, the lending sector sees new projects offering new solutions pop up on a regular basis.
Credefi is the world’s most advanced crypto P2P lending platform, that combines the best practices of DeFi and traditional finance. Our hybrid mechanism solves real life problems and inefficiencies of the conventional banking and finance sector, and provides unique opportunities for both borrowers and lenders. Credefi allows platform participants to invest in credit portfolios, individual credits, or do trade finance, directly through their personal wallet. Those who deposit their funds to the wallet act as liquidity providers, and earn yield on their capital, which is similar to having a bank deposit, except the rate is much better! In addition to this, Credefi is actively working on security mechanisms to ensure maximum reliability for both lenders and borrowers.
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