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.
🎆 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.
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!🍾
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.
🤿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).
But Programmable Money is capital inefficient and over collateralization left most users sidelined
On chain risk assessment could help but hasn't emerged yet🧵
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