As a researcher with a background in finance and blockchain technology, I’ve been closely following the developments in the real-world asset (RWA) space over the past few months. One project that has particularly caught my attention is Credefi, which has seen impressive growth and innovation over the past year.
Real-world assets (RWA) are arguably one of the hottest narratives throughout the past few months.
In the past year, Credefi, a notable project in the field, has gained significant attention and achieved remarkable growth. The value of this project has more than tripled as the team consistently enhances its features and progresses according to its plan.
The team has recently implemented significant improvements to the protocol and formed major alliances. Before exploring these developments, let’s first discuss what Credefi intends to accomplish and why it merits attention as a Regulated Wholesale Market (RWA) initiative.
Credefi Looks to Bridge EU’s Debt Financing Gap
Essentially, Credefi is working towards filling the EU’s debt financing void by providing a strong lending platform that generates consistent and dependable yields, derived directly from the real economy.
The goal of this project is to make a difference in the real world by creating unbiased and inclusive lending options for small and medium businesses within the European Union.
As a seasoned crypto investor, I’d describe Credefi this way: I’ve taken an interest in Credefi, a European-based platform led by a skilled team with extensive expertise in the lending sector and a robust economic background.
Back in 2023, Credefi made history by partnering with Experian, marking the first significant collaboration between a blockchain company and one of the world’s largest credit bureaus (Experian being one of the two leading players in this field).
The validity of Credefi is clearly demonstrated by the high value of its CREDI token and its impressive growth during the last year. In just twelve months, the price of CREDI has soared by an astonishing 600%, underlining the great promise of the direction chosen by the team.
Blasting Through Major Milestones: First-Ever Revenue Share
To provide real value to our community, the Credefi team has accomplished its initial step: distributing revenues to xCREDI token holders for the first time. This is an essential achievement in our dedication to keeping our promises.
The profit-sharing mechanism is a fundamental element that has been incorporated permanently into Credefi’s underlying system.
Annually, 10% of the project’s earnings is allocated for distribution amongst xCREDI token owners.
As a crypto investor, I see this project as an opportunity to be part of a growing ecosystem where my investment can potentially yield profitable returns. The unique aspect is that as the project thrives and generates increased revenues, I, as a community member, have direct access to these profits through the token. This feature makes the token an enticing choice for investors seeking lucrative returns while also gaining exposure to real-world assets.
I’ve previously noted that approximately two weeks ago, we held our initial revenue-sharing event based on a snapshot of XCREDI token holders. For those interested in claiming their rewards, the team has generously provided a clear and comprehensive guide in this subsequent post.
Greetings Credefians,
The first ever revenue share, which will be distributed by the SmartContract is officially live!
You can claim your portion from tomorrow with just 5⃣ simple steps:
First things first, you need to open the link below
Once…
— Credefi (@credefi_finance) June 30, 2024
Understanding the CREDI to xCREDI Relationship
From my perspective as a researcher, I’ve observed that Credefi employs a two-token model with a mutually beneficial interaction between CREDI and xCREDI tokens.
On May 22nd, the team officially integrated Module X into the protocol’s foundation. This means users can now stake their CREDI tokens and receive xCREDI tokens as rewards based on a bonding curve that adjusts over time. Furthermore, staked CREDI tokens are automatically destroyed after a six-month period, resulting in a decreasing supply of CREDI, making it a deflationary cryptocurrency.
For every 100,000 CREDI tokens staked and subsequently burned, there will be the generation of 10,000 xCREDI tokens as a result of the initial bonding process.
As a token holder of xCREDI, I am eligible for profit sharing on a biannual basis under the given terms. Moreover, I have the opportunity to engage in the governance of the project and contribute towards its advancement.
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2024-07-11 14:17