SmartCredit.io

SmartCredit.io is a peer to peer crypto lending solution, co-founded by two ex Credit-Suisse Vice Presidents and CFA’s (Chartered Financial Analysts). The key problem’s which this platform solves are the following:

Borrowers have today too high collateral requirements (i.e. Maker, Compound have ca 350% 400% collateral ratio), meaning their capability to borrow is low
Limited choice of collateral – Borrowers on Maker or Compound have limited choice of collateral (just 4 or 8 tokens)
Fluctuating interest rate – as most of DeFi products implement the money-market-funds, which just mirror the herd movements on the market, then the interest rates are fluctuating
Other platforms would like to earn revenues with value-adding services (like credit as an API service)
Investors would like to earn passive income (with no activity)
The majority of existing solutions control the client’s private keys. For example, Nexo or Celcius is an actual online investment platform, which controls clients’ assets. They can take clients’ funds at any time and in return, they pay interest to the client. The client can withdraw his funds, but technically Nexo / Celcius have custody of the client’s funds. This results in the “honey-pot” risk (hacking risk)

SmartCredit.io offers the following solution:

Non-custodial lending – only borrowers/lenders control their assets; no-one else has access to the borrowers/lenders assets
Borrowers have 2x smaller collateral requirements
Wide choice of collateral – for the borrowers
Fixed-term loans – this allows reducing the collateral requirements for the borrowers
Fixed interest rates for the borrowers and lenders – no exposure to the fluctuating interest rates
Lenders to receive loan tokens after creating loans. Lenders can use these loan tokens as a mean of payment (loans are tokenized and transferable)
Holders will receive interest for the loan tokens (interest-bearing to the holder)
Personal Fixed Income Funds for passive investors for passive income. These Funds replicate traditional Fixed Income Funds, but they are in the investor’s wallet
Non-custodial API for the other platforms – wallets, payment engines, marketplaces