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RociFi
RociFi is an on-chain credit scoring and capital-efficient lending protocol. It uses on-chain data to generate a non-fungible credit score (NFCS) for users, enabling under-collateralized loans in the DeFi space. The NFCS acts as a reputation and trust token within the DeFi ecosystem.
Distributed
Description
RociFi is a decentralized lending protocol that leverages on-chain data and machine learning to facilitate under-collateralized lending. It introduces a non-fungible credit score (NFCS), a soul-bound token that represents a borrower's on-chain reputation. This allows users with good DeFi credit histories to borrow with lower collateral requirements. The protocol offers products like the ROCI token, the NFCS, and a Rocifighters NFT collection. It aims to solve the over-collateralization problem in DeFi by providing a capital-efficient lending solution based on credit risk assessment. The platform has seen over 35,000 NFCS Soul-Bound Tokens (SBTs) minted, has been audited by Kudelski Security, and is backed by several partners in the crypto space.Grant Funding
VC Funding
None
2021
$0
$2.7M