SmartCredit.io Introduces Staking, Credit Lines, and Bonus Rewards to its Peer-to-peer Lending & Borrowing Marketplace

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SmartCredit.io ventures into the world of credit lines, staking, and bonus rewards through its decentralized finance loan marketplace. Furthermore, the platform now supports various new collaterals and assets and has enabled fiat on- and off-ramps.

SmartCredit.io enters a new chapter along its journey of revamping the finance loan marketplace segment. The decentralized marketplace specializes in fixed interest rates and fixed terms for borrowers, combined with DeFi fixed-income funds for lenders.

Its underpinning technology automatically matches borrowers' loan requests with lenders' fixed-income funds and auto-liquidates loans if no repayment occurs or collateral value sinks. 

Unlike other DeFi protocols, SmartCredit.io never earns on liquidations. Remainders are transferred to the borrowers, negating any impact by liquidator bots looking to scoop up profit from liquidating under-collateralized borrowers.

The new iteration of SmartCredit.io introduces new features, products, and services:

All changes will help bridge the gap between traditional finance and the decentralized approach presented by SmartCredit.io. Furthermore, the project focuses on pure peer-to-peer transactions rather than relying on peer-to-pool-to-peer like other DeFi protocols.

The changes to SmartCredit.io come on the heels of a new partnership with Frax Finance, enabling the project to grow its user base and educate the world about the benefits of fixed-term lending and borrowing.

SmartCredit.io is an Ethereum-based DeFi peer-to-peer borrowing/lending platform focusing on fixed-interest and fixed-term loans and DeFi fixed-income funds (FIF). It brings certainty and