DWF Labs is excited to announce an investment opportunity in Creditcoin, the groundbreaking blockchain network built to help borrowers and lenders to solve the problem of credit underfunding in emerging markets. Creditcoin provides fintech and microfinance providers with greater access to capital, while allowing borrowers to record their credit history and build their reputation on an immutable ledger using the Creditcoin network.
The Creditcoin network has already successfully recorded over 3 million loans with a transaction value of $70M+ USD. Creditcoin's scalability is a testament to its success and is supported by interoperability, which allows loans to be supported on Bitcoin, Ethereum, and Ethereum L2s, with support coming for Stacks, Flow, and many more. Creditcoin's security is ensured through Proof-of-Work and over 2,000 validators with 1TH/s hashrate.
Creditcoin connects the DeFi and TradFi ecosystems, creating a new on-chain credit investment market that generates users' real-world yield. It solves DeFi's under-collateralization requirement and leverages transparency to improve counterparty trust in credit markets.
Creditcoin's industry-leading advantage is its ability to allow loans to be transparent, immutable, and easy to verify, enabling any party to build credit history while increasing the ease of gaining access to capital. Included in Creditcoin’s ecosystem is Gateway DAO, a next-generation cross-chain bridge, designed to give users the freedom to operate across any L1 or L2 ecosystem they choose, ensuring security through a decentralized and transparent DAO-led governance and cross-chain validation mechanism.