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BZx got hacked: What’s the solution?
In the middle of February, the bZx (https://bzx.network ) got “hacked”. However, this was not via the technical means but the usage of bZx and
DeFi
DeFi – Decentral Finance – refers to the Ethereum based finance ecosystem where the users are controlling their assets.
DeFi is a response to many crypto platforms, which controlled the client assets (from example centralized crypto exchange or centralized crypto lending). These central crypto platforms did not align with the key idea of the blockchain, where the users and only users should control their assets.
Following services are available in Decentral Finance:
- Exchange
- Lending and borrowing
- Margin trading
- Money market funds
One of the key issues in Decentral Finance is crypto collateral handling. DeFi systems keep all their business logic on the blockchain, there is no KYC (Know Your Client), there is no Crypto Credit Score. This results in the high collateral ratio in the Decentral Finance crypto lending.
In SmartCredit.io we respect very much the DeFi philosophy. However, we think the right approach is the hybrid solution between centralized crypto solutions and DeFi solutions. It’s about using the blockchain for what is really required on the blockchain and deploying other components (Crypto Credit Score, KYC, Collateral calculations) in the off-chain components.
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Compound Finance Review and Crypto Fixed Income
This article focuses on the Compound Finance review in the context of the existing fixed income market and emerging crypto fixed income market. Following topics
Risk Analysis of Crypto Lending Platforms
This article focuses on the risk analysis of the custodial crypto lending platforms and of non-custodial crypto lending platforms. The aim is not to say
Why borrowers need Low Collateral Ratio?
Most of crypto lending platforms advertise their interest rates, as the key benefit for the borrowers and lenders on their platforms. But are the interest
Why is the Collateral Ratio So High in DeFi?
How could a borrower have a low collateral ratio? A collateral ratio in size of 300% + is standard for the DeFi borrowing/lending. A high
Why is DAI Interest Rate 10% in DeFi?
DAI interest rate is around 10% in DeFi. Considering the current low yield on most of the investment classes and upcoming negative interest era, we
The Self-Reinforcing SmartCredit.io Crypto Lending Ecosystem
Crypto lending has evolved as part of an alternate blockchain-based financial system. SmartCredit.io’s vision is to support the alternate financial system and to create a
SmartCredit.io Pitch from Paris Blockchain Week
Here is SmartCredit.io pitch — 3 minutes and 40 seconds — from the Paris Blockchain Week. Enjoy! SmartCredit.io Pitch Transcript So, we are in the lending business, in the
Lecture – HWZ Zürich, Deep Dive SmartCredit.io
We were hounoured to give a deep dive lecture at the HWZ Zürich Blockchain course (https://fh-hwz.ch/produkt/cas-blockchain-economy/) Here are our slides: About the monetary systems and