Spectral Profile picture
Aug 23 7 tweets 7 min read
1/7 🚀We’re thrilled to share that the @SpectralFi App V0.3.0 is available in Open Beta!
blog.spectral.finance/spectral-app-v…

You can now compute your #Web3 creditworthiness or #MACROScore, a cutting-edge machine-learning-based credit-risk model.

What’s the problem we’re solving? 🧵
2/7 Credit scoring should be trustless and globally accessible. We believe it is a public good.

@SpectralFi builds upon @ethereum ’s innovations and sets out to achieve the same goal for programmable creditworthiness and reputation that #Ethereum did for programmable money.
3/7 How are we solving this?

1️⃣ @SpectralFi App: on-chain credit Scores
(aka #MACROScore) for web3 users

2️⃣ Spectral API: programmable creditworthiness for builders

3️⃣ Decentralized #Scoracle Network (Credit Risk #Oracle): crowd-sourced #ML platform for data scientists
4/7 So, what can you do with the @SpectralFi App?

✅ Instantly check your Score

🧬 Examine your personalized Score ingredients

🎆 Mint an NFC (Non-Fungible Credit) on @arbitrum testnet

👀 Monitor your on-chain creditworthiness journey
5/7 What's under the hood?

The #MACROScore (short for Multi-Asset Credit Risk Oracle) represents your credit standing in #DeFi and is calculated using many different pieces of your @ethereum transaction data.
6/7 What's next?🤔

This release remains an experimental build.

We'd love to chat with anyone who's interested in collaborating and share feedback:
research.typeform.com/to/dk5M00Kc

...or feel free to hit our DMs 💌
7/7 🎊Bonus: celebrate the launch with us on Thursday 25th of August at 3pm ET on @discord. We have a legendary Launch Party planned and there will be giveaways!🍾

Join us here: discord.gg/Z9ESSwy

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Spectral

Spectral Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SpectralFi

Aug 24
2/9 Around the world today, financial reputation and credit scoring are monopolized by opaque and siloed institutions. Authoritarian governments make headlines for imposing new social credit systems restricting our economic freedom.
3/9 👁 Our vision for the future is to build a decentralized platform of #MachineLearning-models that can transform credit scoring into an open and publicly accessible network.
Read 9 tweets
Aug 19
🤿Today's Deep-dive will be on the #MACROScore. How is it generated? 🤔 Let's Begin ⬇️
The #MACROScore is created by connecting either a single wallet or a bundle of wallets to Spectral’s App.

Coming soon! Follow us to stay tuned!
The App retrieves all #DeFi and non-DeFi-related transactions associated with 1 or more wallet & engineers a Score ranging from 300 (low creditworthiness), up to a max Score of 850 (high creditworthiness).
Read 13 tweets
Jul 8
1/
“Banking the unbanked” first meant issuing non custodial wallets

Then #DeFi enabled trustless lending environments

But Programmable Money is capital inefficient and over collateralization left most users sidelined

On chain risk assessment could help but hasn't emerged yet🧵 Preview of our MACRO score dashboard.
2/
TradFi creditworthiness assessment has been stagnant.

3 major bureaus & @FICO have monopolized the space for decades. Incremental advancement has happened at the application layer for alternative datasets to be included but the underlying infrastructure has not changed.
3/
DeFi creditworthiness assessment has been non existent.

The industry has seen exponential growth but has been capital inefficient. All users receive the same loan terms creating a flat landscape. On chain transaction history has been neglected as a differentiator
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(