1.3 Mission

“Give credit to whom credit is due” – Samuel Adams

Our mission is to build on the DeFi movement of banking the unbanked by ushering in the concept of credit into the modern era of decentralized finance. The CreDA credit score provides a fundamental, missing piece of the DeFi ecosystem, which will result in broad market participation, increased asset utilization rates and a foundation of trust that has not previously existed across the blockchain universe.

Through use of the CreDA protocol and virtuous on-chain activity, users can benefit from:

• Increased saving rates on deposits

• Reduced borrow rates on loans Increased liquidation thresholds

• Increased credit rating through accelerated mining speeds of the CreDA token (CREDA)

• Additional Decentralized Autonomous Organization (DAO) weight voting bonus

• Additional incentives such as early access, giveaways, promotions and memberships across the CreDA platform and its partners.

Similarly, DeFi platforms that leverage the CreDA protocol can benefit from:

• The ability to model counterparty risk and enable effective risk management

• Differentiate from competitors through bespoke rates based on user credit scores

• Increased asset utilization resulting in additional revenue

• Credit profiling allowing targeted marketing and incentive programs

The CreDA credit score will benefit participants within the DeFi space. The introduction of off-chain data through the CreDA Credit Oracle will further improve the protocol’s credit scoring methodology, affording additional benefits for market participants and greater stability for this evolving market.