We’re excited to announce that Relation has reached a strategic partnership with RociFi, an L1 for under-collateralized credit protocol on Polygon. The cooperation between RociFi and Relation will make reputation building in Web3 social graph easier for everyone.

To overcome the limitation in the current DeFi field, RociFi has launched a Credit Scoring System (CRS) which analyses a borrower’s historical behaviors across multiple chains. After the analysis is done, a Non-Fungible Credit Score (NFCS) rating from 1 to 10 will be generated in descending order for the borrower. In this case, NFCS provides a quantified trust index of an account based on its previous transactions and DeFi footprints on a pseudo-anonymous basis.

While the CRS decides the levels of trustworthiness for every account in a quantitative way, Relation is building a trustworthy Web3 social graph with Semantic SBTs following a different logic.

A Semantic SBT describes the social relation between two souls in its metadata. Everyone will be able to mint self-certified or third-party-certificated SBTs to build social relationships of different attributes with others. For example, if an account owner was a member of a DAO and got certificated by the DAO with a membership SBT, then the SBT will prove the relationship between the account owner and the DAO and create a directed graph link. As Semantic SBTs usage becomes ubiquitous, the Web3 social graph will become more trustworthy with pervasive mutual certifications among souls.

Upon the cooperation announcement, RociFi and Relation have finished the integration of RociFi’s NFCS page, representing a “trust” data point for users’ on-chain identity, on users’ Relation One page. Now users can use the shortcut to easily connect their NFCS page to Relation ONE.

NFCS and Semantic SBTs are two different solutions to build reputation and trust in a decentralized society. They are not repulsive, on the contrary, they are complementary.

NFCS makes the trustworthiness of an account measureable, while Semantic SBTs make the attached attributes of an account certificated. The development of reputation in a decentralized society needs efforts in both two dimensions.

RociFi and Relation will work together in the long run. Please stay tuned for our future cooperation!