A decentralized lending platform that enables users to borrow and lend funds based on their on-chain credit score.
CredZ is a decentralized lending platform built on the Scroll blockchain. It allows users to request loans and lend funds to others based on their credit score, which is dynamically calculated using on-chain activity.
- Borrowing: Users can request loans by specifying the amount and duration. The interest rate is determined by their credit score.
- Lending: Lenders can browse available loan requests and choose to fund them. Higher credit scores indicate lower risk.
- Credit Scores: Each user has a credit score that is updated based on their lending and borrowing activity. Repaying loans on time increases the score, while defaults lower it.
- Decentralization: The platform operates through smart contracts, ensuring transparency and eliminating the need for intermediaries.
- React for the frontend
- Solidity for smart contracts
- Ethers.js for blockchain interaction
- Covalent API for data aggregation
By providing a transparent and accessible lending market, CredZ aims to democratize access to credit and enable more efficient allocation of capital.