Cred
Cred
In a groundbreaking development for DeFi access, compliance, and transparency, Cred Protocol, renowned for its emphasis on trust and transparency in credit reporting and underwriting, is partnering with Lumina, a decentralized exchange utilizing zero-knowledge technology. Together, they aim to establish a secure and accountable decentralized financial ecosystem.
The collaboration will give rise to a permissioned institutional on-chain credit market on Mina, providing businesses with a secure and transparent channel for capital provision, market access, and borrower interaction. Lumina’s compliance framework and Cred’s automated underwriting processes will streamline operations, ensuring transaction and user data privacy while meeting the highest underwriting standards. This partnership addresses a significant market gap, fostering a more inclusive and accessible financial ecosystem.
The strategic collaboration between Cred and Mina Ecosystem member Lumina is set to create new opportunities for institutional and individual users, particularly as AI advances in assessing credit risk for underbanked borrowers.
This milestone not only aligns two leading platforms but also signifies a step forward in the maturation of decentralized finance, highlighting compliance, transparency, and access as the foundations of a resilient and trustworthy financial ecosystem.
For more info visit https://app.credprotocol.com/
Last updated 27 dec 2023.
Featured Ecosystem Partners
Mina Navigators is poised to establish a groundbreaking standard for ZK developer engagement, urging innovators to embark on the journey of creating, refining, and contributing to the Mina ecosystem.
Timeline
There are three distinct phases within the Navigator program:
- Hackathon: October 9 through November 10
- Learn-to-earn challenges: November 2023 through April 2024
- Final contribution grant: April 30, 2024
Phase One
In Phase One, known as The Navigators Hackathon, commencing on October 9th, a five-week hackathon unfolds. Outstanding submissions during this period stand a chance to receive MINA token grants and a coveted 'Navigator' badge—a symbol of acceptance into the Navigators program. Those adorned with the badge qualify for Phase Two, engaging in monthly challenges to accrue grants.
Developers are tasked with constructing functional and efficient proof-of-concept applications and tooling for Mina. This endeavor aims to spotlight their ingenuity and technical prowess across diverse use cases on the Mina platform.
Judging involves a panel of seven individuals from the Mina ecosystem. For more comprehensive information regarding grants, submission criteria, and the judging process, the Navigators hub offers detailed insights.
Phase Two
In Phase Two, the Navigators embark on the Build and Learn-to-Earn journey (or, as they humorously term it, Navigate-to-Earn). This marks the initiation of the enjoyable phase. Post-hackathon, Navigators engage in collaborative efforts, either on their personal projects or those of their peers from the hackathon. Their active participation in a 6-month series of challenges positions them to earn monthly grants, facilitating an accelerated learning experience on ZK, Mina, and o1js.
Phase Three
As Phase Three unfolds, the Navigators, having invested six months of unwavering dedication and hard work, seize the opportunity to present their contributions. A panel of community electors becomes the discerning audience, evaluating these endeavors for the coveted grand prizes of MINA grants. Notably, these prizes distinguish themselves by being non-project-specific, emphasizing individual contributions spread across various projects and GitHub repositories.