To overcome this lack of connectivity, smart contracts use oracles as middleware to retrieve external data inputs and push data outputs to external systems. Not only do oracles serve as a two-way bridge between smart contracts and the outside world, but they provide a security framework for protecting against any single point of failure such as data manipulation and downtime. And for more details, you can directly contact this website: https://rain.credit/ or you can directly cooperate with a very extraordinary project below.
Off-Chain Oracle Analytics Aggregation for On-Chain Trust on Binance Smart Chain
Rain.Credit leverages the power of its off-chain oracle analytics to provide on-chain protocols with trust data, combined with a lending platform. Allowing you to safely maximize borrowing while gaining access to additional digital assets.
Off-Chain Oracle Analytics Feed On-chain protocols.
Previous migratory flights through DeFi are stored in the history of your Ethereum address. Rain.Credit’s off-chain oracle analytics accesses that history to provide lending platforms with more information about the loan applicant in order to reduce the risk of defaulting.
The more information and history provided by the loan applicant, the less collateral required to borrow, which maximizes the funds available to be accessed.
Some example of real-world events that can affect on-chain loan access and increase the risk of defaulting include, but are not limited to:
- Customer account activity
- Payment history
- New government policies
Borrow More Assets With Less Collateral
Rain Loans is a non-custodial digital asset lending and borrowing platform. It is based on the compound protocol with altered asset pools and the use of Rain+ to increase access to extra funds on top of the current collateralized debt positions (CDP) offered by Compound Finance, AAVE & CREAM.
Rain+ is an additional amount of tokens which we offer to borrowers through our platform without supplying any extra collateral, based on their transaction history and rating from Rain Off-Chain oracle analytics.
Tokenomics
$RAIN has a simple distribution model. It’s total supply consists of 800,000 $RAIN. The token distribution is as follows:
- 40% will be sold via presale
- 20% will be used for project development
- 20% will be used to provide Liquidity and yield farming
- 10% tokens will be allocated to the team (For 2 years, these tokens will be locked to instill confidence in the community)
- 10% will be used for marketing
Rain.Credit Roadmap
Q2–2021 (Testnet Season)
Our focus for the second quarter of 2021 is to get the platform in full gear with the Oracle and Lending platform working effectively on the testnet within a short period of time. We also aim to further build on the Oracle platform by building the “Trust Network”, which motivates data providers.
- $RAIN token Presale (read more)
- Exchange Listings
- Testnet Off-Chain Aggregation Oracle Analytics
- Testnet Lending Platform.
- Testnet Trust Network
- Deflationary Staking and Farming Launch
Q3–2021 (Mainnet Season)
Our focus for the early third quarter of 2021 is to get the platform in full gear with the Oracle and Lending platform migrated from Testnet to Mainnet within a short period of time. We also aim to further build on the Oracle platform by launching the “Trust Network”, which incentives data providers.
- Contract Audits Lending and Oracle
- Mainnet Off-Chain Oracle Analytics
- Mainnet Lending Platform
- Aggregated Data Providers
- Trust Network
- RAIN Oracle Hackathon
Q4–2021 (Middleware Season)
This quarter will be heavily focused on middle-ware integration and an exciting period for our community with the RAIN drops Governance DAO launch.
- Oracle Network Release 2.0 (Beyond Aggregation Analytics)
- Off-Chain Oracle Marketplace Release supporting multiple chain
- RAIN GraphQL Abstraction Layer Launch
- RAIN Governance DAO
- Off-Chain Asset Management and Monitoring Platform Release
- Off-Chain Asset Management and Monitoring Platform Release (One-Click Integration with non-blockchain based platform)
- Comprehensive API and Documentation Release
Q1–2022 (Cross-Chain Season)
First Quarter will see a focus on Cross-Chain integration beyond the Ethereum network with a view to make our services available across multiple blockchain networks.
- Cross-Chain Collateral Lending
- Cross-Chain Oracle Launch
- Smart Contract Analytics Platform
- Cross Chain Trust Score (Beyond Ethereum Network)
- Asset Group Trust Score
- Continuous development and improvement of the Trust Network
- Academic research and publication of Trust Score impact in the DeFi sector
Rain.Credit Team
Rainbuilder / Lead Developer
Hail / Developer
Drizzle / Community Manager
Monsoon / UI/UX Designer
Conclusion
Rain.Credit is taking the opportunity to create a more trustworthy ecosystem while also providing an incentive to participate in borrowing and lending to increase a user’s Credit score. Off-Chain analysis utilization to build trust in lending and borrowing in the defi space is something that has not been explored before loans are processed. With the ability to use real life information and events as a factor in decision making, users can worry less about credibility, trustworthiness, higher collateral factor and focus on using their assets to help grow their portfolios while participating in an innovative and trailblazing platform.
For more information Rain Credit Project:
● Website: https://rain.credit/
● Telegram: https://t.me/joinchat/UqEl0GyJZ4WkDUWR
● Github: https://github.com/orgs/Rain-Credit
● Medium: https://rain-credit.medium.com/
● Twitter: https://twitter.com/rain_credit
● Discord: https://discord.gg/aEc7NWbU
#RainCredit #Blockchain #cryptocurrency and #BNB
profile :
bitcointalk username : Ainulyaqin
bitcoin talk url : https://bitcointalk.org/index.php?action=profile;u=2787764
BNB : 0x1B7BE3cdd815FAf96a141D1FCABfFFc66D8cE36a
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