FrontPoint — The 1st decentralized credit rating system in DEFI world and Peer-to Peer lending protocol based on the BSC network.
FrontPoint is ready to invite you to the new world of DEFI.
FrontPoint is a credit rating system and peer-to-peer lending protocol based on the BSC network.
We will introduce the world’s first decentralized credit rating system. This will be the most innovative event in DEFI history, and many companies will follow our on-chain and off-chain credit rating system.
Three of the top five DeFI projects, Makerdao, Compound and Aave, Although they are different lending projects, they are essentially overpledging tokens to lend or issue another kind of token.
Take MakerDao as an example, People need to over-pledge and the mortgage rate varies from 120% to 150%, this is the liquidation rate. If the value of the asset is lower than that of mortgaged assets, it will be liquidated directly.
Solution : Credit rating system
FrontPoint introduce a credit rating system, called FP system into DeFi system for the first time.
FP system will increase the utilization of funds and leverage of participants in the DeFi system.
The credit rating system uses both on-chain part and off-chain part at the same time. The On-chain part is evaluated automatically through the system, and the off-chain part needs to be performed manually.
Great Start of the FrontPoint.
On May 25, 2021, a new history of DeFi will begin by Front Point.
FP will open a homepage very soon.
You can learn about the FP system through the homepage and find the white paper.
Global : https://twitter.com/FrontPointDEFI
Japan : https://twitter.com/FrontpointJ
Global : https://t.me/FPOfficail
Japan : https://t.me/FPJapan