Credefi Platform Reaches $1 Million Total Value Locked (TVL) Milestone
March 2nd, 2022 at 2:57 pm UTC · 2 min read
Credefi, a pioneer hybrid of DeFi and Fintech protocols connecting crypto lenders with small and medium business borrowers from the real economy, has just announced that it has reached $1,000,000 in Total Value Locked (TVL) on its platform.
In the cryptocurrency fintech ecosystem, Total Value Locked (TVL) is a figure that represents the spot value of all assets which are staked in a specific protocol and is an important metric used to measure the health of a DeFi protocol.
This protocol aims to bridge the gap between the crypto world and the traditional financial sector. To do this, they have created a secure and easily accessible platform for both SMEs and crypto liquidity providers to provide lenders and borrowers with the stable and predictable APYs necessary for them to protect themselves from the volatility of the crypto ecosystem.
Credefi offers a low-risk portfolio with a guaranteed minimum of 10% fixed APY on stablecoins such as USDC, USDT, DAI and BUSD.
Regarding this important milestone reached, Ivo Grigorov, CEO and Founder of Credefi said he is very excited about the support they have received from the community for the first lending platform providing risk assessment and credit score data to lenders:
“Our platform is demonstrating to the traditional financial system and especially to SMEs, as well as conventional DeFi services, that both worlds can emerge in one place through a secure platform, with certified risk management and intelligent asset management providing an effective, timely and low-cost solution for decentralized financing with the generation of excellent APYs protected against the volatility characteristic of the crypto ecosystem.”
Credefi is the world’s most advanced P2P DeFi lending platform using the power of the blockchain. They call themselves banking redefined and at the end of last year they had a successful IDO on CardStarter which, together with close to two million in fundraising in their private round, has allowed them to continue developing an ambitious roadmap in a short time.
About Credefi
Credefi is a first mover in the DeFi space connecting crypto lenders and SME borrowers from the real economy. Credefi’s platform enables decentralized and secured lending to portfolios of business projects or individual companies, protecting lenders while providing them fixed APY.