RociFi is a decentralized lending protocol that utilizes on-chain credit scoring and non-fungible credit scores (NFCS) to facilitate zero and under-collateralized loans. This approach addresses the challenge of limited access to capital for borrowers by providing a transparent and efficient method for assessing creditworthiness in the DeFi space.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the DeFi space, borrowers often face challenges in accessing capital due to the lack of traditional credit history and the need for over-collateralization, which limits capital efficiency. Existing methods for assessing creditworthiness are often opaque and inefficient, hindering the growth of decentralized lending.
Solution
RociFi provides a decentralized lending protocol that leverages on-chain credit scoring and non-fungible credit scores (NFCS) to enable zero and under-collateralized loans. By analyzing a user's on-chain activity, RociFi mints NFCS SBTs (Soulbound Tokens) that represent a borrower's credit reputation. This allows lenders to assess risk more effectively and offer loans with reduced collateral requirements, increasing access to capital for borrowers and improving capital efficiency for lenders. The platform aims to create a more transparent and efficient credit assessment system within the DeFi ecosystem.
Target Audience
The primary target audience includes DeFi borrowers seeking access to under-collateralized loans and lenders looking for more efficient and transparent methods to assess credit risk.
Features
- On-chain credit scoring based on user's DeFi activity and transaction history.
- NFCS (Non-Fungible Credit Score) SBTs representing a user's credit reputation.
- Support for zero and under-collateralized loans, enhancing capital efficiency.
- Integration with PolygonDAO.
- Audited smart contracts for security and transparency.