We are thrilled to announce the highly anticipated closed testnet launch of The CREDIT Protocol - an exciting and groundbreaking innovation in the onchain lending world.
The CREDIT Protocol introduces a multitude of advanced features meticulously designed to transform the lending, borrowing, and liquidity provision experiences for users.
Allow us to provide you with a comprehensive overview of what you can expect next.
CREDIT Beta Testnet Details
The key details you should know about the beta.
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We are going to initially launch the beta testnet on Arbitrum Goerli before moving to Meliora and Arbitrum Mainnet
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The protocol will be gated and available for whitelisted addresses only.
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Only the core features will be available for the beta.
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We will do seasons, for beta users.
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You will be able to earn points from the beta.
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There will be a feedback system.
Details on incentives (points and seasons) will follow in the coming days!
The CREDIT Protocol
Credit Position System: LP, Borrow or Lend.
At the heart of the CREDIT Protocol lies the ingenious CreditPosition system, which empowers users with unparalleled flexibility in managing their loans. With this innovative feature, users have the freedom to make partial or multiple repayments on their loans, offering them complete control and customization in loan management. This level of autonomy ensures a seamless and personalized borrowing experience like never before.
Beta launch Participation and Points System
We invite you to the beta launch.
The exclusive opportunity allows you to not only explore the cutting-edge features of the CREDIT Protocol but also contribute your valuable feedback to shape its future. We have implemented a points system to reward active participation and feedback during this beta phase. More details on this points system will be unveiled in a forthcoming article, so stay tuned!
Join the Beta
Your engagement and involvement are vital in our ongoing efforts to enhance and optimize the protocol's features and functionalities. We wholeheartedly encourage you to sign up for the beta launch. Dive into its immersive features, and provide us with your valuable feedback for continuous improvement. Together, we can shape the future of decentralized finance and unlock a world of possibilities with The CREDIT Protocol.
You need to fill out a form in order to be eligible for the beta.
Features that will be available later during the full launch:
Staking
To further enhance the ecosystem, The CREDIT Protocol incorporates a robust staking infrastructure that allows users to stake their CREDIT tokens. This epoch-based mechanism ensures efficient management and incentivizes longer-term staking by imposing penalties for early withdrawal. By participating in staking, users can not only contribute to the protocol's stability but also unlock exciting rewards and opportunities.
Strategy Vaults
Recognizing the diverse needs of both retail and larger investors, The CREDIT Protocol introduces Strategy Vaults. Our vaults simplify the liquidity provision process and expand the horizon of possibilities for users to capture value from the protocol.
Vaults offer a range of accessible options to diversify investment strategies based on individual investor preferences and expertise. Whether you are a seasoned investor or just starting, the Strategy Vaults provide a user-friendly platform to maximize your potential yield.
Our first vault will be an LP hedging vault.
CREDIT Token
At the core of the CREDIT Protocol is the CREDIT token, a powerful utility token that unlocks a world of benefits for its holders. By owning CREDIT tokens, users can capture platform fees, earn lucrative rewards through staking, actively participate in platform governance, and enjoy countless other advantages within the ecosystem. The CREDIT token truly empowers users to make the most of their involvement in the protocol.