RociFi New DeFi primitive under-collateralized credit protocol! LIVE on Polygon!

[Joe.qp]

On 28th June 2022, RociFi - Under-collateralized credit protocol launched its main network on Polygon!

Decentralized lending is now overcoming an important mark in its development. Funds, large institutional investors have long been receiving loans without collateral, but now it will be available to retail investors, thanks to the NFCS (Non-fungibility Credit Score) developed as part of the RociFi project.

"RociFi is the 1st DeFi protocol where retail borrowers can take advantage of their DeFi transaction history and Web3 reputation in order to take loans with collateral amounts smalleroo than loan principal. RociFi is unlockingl capital efficiency for borrowers which will help DeFi cross the chasm into mass adoption."

Credit risk management occurs through the use of NFCS.

To get a credit in RociFi users must first mint their personal NFCS, it serves for accounting credit history, reputation and level of trust, based on your web3 history, interaction with other DeFi protocols in several blockchains.

Learn more about NFCS

For borrowers:
- Instant NO-KYC under-collateralized loans.
- The lowest collateral ratio (from 0% to 90%).
- Fixed APR and Duration loans.
- For institutional borrowers, a grace period with protection against liquidation is available.

You can now get a loan based on your credit score:
- Users with a high rating (1-3) will have access to loans with zero collateral.
- Users with an average rating (4-6) will have access to under-collateralized loans.
- Users with a low score (7-10) will use RociFi as a regular over-collateral credit protocol.

For lenders:
- 90% of the revenue goes to depositors.
- No deposit lockup.
- Pools with controlled risk. Protection against fraud and assessment of the reputation of borrowers.

Lenders have the opportunity to choose a pool and accordingly the category of borrowers to which they want to borrow their assets.

Promotion:

On 12 July, RociFi launched a promo campaign and reduced interest rates on loans!
The action will last for a month until 12 August inclusive!

➡️ Under-collateralized loan: 1%
➡️ Over-collateralized loan: 0,5%

You are unlikely to find interest on loans lower than during the RociFi promo campaign...

The project has completed 2 phases of the testnet, as well as has 2 security audits from Certik and Chainsulting! Reports are available in our Github repository.

During initial funding rounds, RociFi raised 2.8M$ from Arrington XRP Capital, Golden Tree, Block Ventures, NEXO, LD Capital, Signum Capital, SCC Investments and Skynet Trading.



You can find more information about RociFi here:
Website | Discord | Twitter | Telegram | Blog

[Joe.qp]

🗓️ Activities in the RociFi project:

1. Galaxy.eco Tester Badges (completed)
2. NFCS Hodler NFT in Quest3
3. Layer3 Bounty Campaign (completed)
4. 10k NFCS Giveaway on Quest3 (until 18.08)
5. Community Quest Program V2 on Crew3
6. PYME NFCS campaign
7. 10k Twitter Followers Giveaway! (until 26.08)
8. Galaxy Early Contributor (until 23.09)
9. 15k NFCS on Lenster (until 3.09)
10. Contest for Researchers!  (until 2.09)
11. 1000 under-collateralized loans!   (until 16.09)
12. Link3 verification + 5 invite codes
13. Listed on Dapp Radar (500 NFT)
14. Nawarat + RociFi Quest
15. Relation: RociFi Contributor

[Joe.qp]

Good afternoon, RociFi community! ☺️

We want to introduce our credit protocol to the web3 world faster and have opened up our community in the Quest3 project:
✨ https://app.quest3.xyz/RociFi/

Now NFCS holders can get a limited NFT on the Polygon network there by completing a simple quest! The only thing you need to do is send a screenshot of the NFCS minting process or your current NFCS profile.

🌟 Quest details:
https://app.quest3.xyz/RociFi/quest/694

Please note that not everyone can take part in this event, as registration on the Quest3 platform takes place using invite codes...

🔐 Here are some codes for registration:

4WNPAH
WFD08I
J0VXBT
SXOYFJ
JDW6MB

After registration, you will receive 2 invite codes and will be able to invite your friend or share them in this topic, they will definitely be useful to someone. You can also find them in Discord with us or Quest3 servers...

[Joe.qp]

Today we are launching a Layer3 Bounty Campaign to introduce DeFi users and crypto enthusiasts to our undercollateralized lending protocol!

🎯 Available tasks:
 - Mint NFCS
 - Deposit USDC to earn yield
 - Add WETH as collateral
 - Borrow at least 5 USDC

🌟 You can join our campaign through this link: https://beta.layer3.xyz/bounties/future-of-defi-lending-with-rocifi

[Joe.qp]

📢 We are happy to share with you the great news:

RociFi has received a grant from Polygon DAO, which means that in the future we will have more opportunities for the development and scalability of our decentralized under-collateralized lending protocol!

Polygon DAO & Polygon Village help to develop projects in all possible ways, providing support in many areas!

🔗 https://twitter.com/rocifi/status/1554052817249345536

[Joe.qp]

RociFi Integrates Chainlink Price Feeds to Value Under-Collateralized Loan Collateral in Real-Time

We’re excited to announce that RociFi — an under-collateralized credit protocol — has integrated Chainlink Price Feeds on Polygon mainnet. By integrating the industry-standard decentralized oracle network, we now have access to high-quality, decentralized, and tamper-proof price data feeds — critical infrastructure needed to help calculate the price of loan collateral in real-time.

Learn more: https://link.medium.com/HpJFzHtZdsb

[Joe.qp]

We are pleased to announce that in a month since the launch of our under-collateralized credit protocol, more than 10k of NFCS have been minted! 🎉

https://polygonscan.com/token/0x839a06a50A087fe3b842DF1877Ef83A443E37FbE

🥳 We want to celebrate this event and created a new Giveaway on Quest3:
https://app.quest3.xyz/RociFi/quest/907

🎁 5 USDC for 20 lucky winners!

Еvery day we will choose 2 random winners from among the participants who correctly completed our quest! Details at the link above!

P.S. "Blank Tweets" will not be considered correctly executed and we will have to give your prize to another participant... Please fill out the form according to the description of the quest!

Good luck! 🍀

[KryptoBull]

I really like the Polygon ecosystem, its fees are really low and attractive to users from the Ethereum ecosystem. Polygon is also a user-friendly and secure blockchain, we haven't heard of any serious attacks on Polygon.

[Joe.qp]

📢 BIG update for our community:

We have updated our Community Quest Program on Crew3! Now participants will receive a reward in USDT for earned points!

📔 Read more in our blog:
https://blog.roci.fi/community-update-rocifi-launches-crew3-quest-program-vol-2-5ccb55d498a7

👏 Do not forget to clap if you like this format of activity in the project!

✨ Join Community Quest Vol.2:
https://rocifi.crew3.xyz

[Joe.qp]

We have opened our community in PYME and the first quest will be associated with the minting of NFCS! 🧐

NFCS are a credit, reputation and trust credential that classifies user’s on-chain behavior into an easily interpretable scale from 1–10.

✨ Mint your credit score and get 50 Pyme points:

https://pyme.team/quests/rocifi-mint-your-nfc-on-rocifi

[Joe.qp]

We celebrate 10k followers on Twitter! 🎉

https://twitter.com/rocifi/status/1561611023710392320?t=9b79eICvP7Bx8Blh-ehcXQ&s=19

🏆 3 random winners will receive 50 USDC each!

✅ Subscribe to https://twitter.com/rocifi
✅ Like + retweet
✅ Send a screenshot of your NFCS in comments + tag 3 friends

⏳ The results of our draw will be known on August 26! Good luck! 🍀

Another important announcement was left unattended!  👇

📢 We have launched a referral program!

Now anyone can invite other users to interact with our credit protocol and receive quite tangible rewards through our Crew3 program!

As a reminder, a user who earns 1000xp in the Community Quest Program on Crew3 will be able to exchange them for $10!

Referral program rewards are as follows:

1. New Mint NFCS: 5xp
2. New loan from $5 to $100: 20xp
3. New loan from $100 to $500: 40xp
4. New deposit from $50 to $1000: 10xp
5. New deposit over $1000: 30xp

Details about our referral program and how to participate in it can be found in this article: https://blog.roci.fi/introducing-affiliate-links-a9a30305def9

The program is running in test mode, so the process of submitting reports and the amount of rewards may change.  Stay tuned!  🙏

[Joe.qp]

Only a week did not publish the news, and there were a lot of them!

Briefly about the latest events:

Galaxy Early Contributor (until 23.09)
Galaxy campaign launched! You can take out a loan or make a deposit above $100 and get the first badge from the Early Contributor series. Soon we will also announce their purpose.

15k NFCS on Lenster (until 3.09)
If you have a profile on Lenster.xyz, you can take part in the draw by sending a screenshot of your NFCS!

Contest for Researchers!  (until 2.09)
Your task is to create an analytical or research thread on Twitter and talk about RociFi or its credit protocol and NFCS. The winner will be selected based on the quality of the study and the number of interactions.

It's also not all news!

We've just released August Week34 Product Update!

🥊 Support for Ledger via Metamask
🥊 Partial Repayment
🥊 Dashboard layout improvements

More details: https://blog.roci.fi/rocifi-releases-v1-09-august-week34-update-dcf729c6911d

[Joe.qp]

We have issued more than 1000 under-collateralized loans and want to celebrate this event!

Yesterday we launched another contest on Twitter! 🥳

https://twitter.com/rocifi/status/1567057111254765571

To participate, you need to take a loan of more than 25 USDC and send your transaction hash in the comments to this tweet, as well as subscribe to RociFi and retweet this entry!

🏆After 10 days we will select 5 random winners who will receive 25 USDC each!

Subscribe to us, there will be a lot of interesting things ahead!

[Joe.qp]

📢 At the end of this week, we are pleased to announce a big update to our protocol!

We have updated the algorithm for collecting and analyzing credit data which should give a better assessment of the user in terms of possible risk. We also added the AAVE V3 protocol to the list of analyzes, so if you have previously interacted with it, it may affect your NFCS for the better.

➡️ Learn more about the update in this article:
https://blog.roci.fi/rocifi-credit-score-update-september-2022-4698de5240e

We also added support for "Wallet Connect" so that more users can access RociFi and under-collateralized on-chain credits & Possible to add a new address to the existing NFCS! At the request of the community, we added graphics userpic for NFCS! See in your wallet or on OpenSea 👀

➡️ Learn more about the update in this article:
https://blog.roci.fi/rocifi-releases-v1-10-september-week38-update-b57f07ba233b

[Joe.qp]

👋 Good morning, RociFighters!

https://twitter.com/rocifi/status/1574785200491470851

dApp RociFi added on Dapp Radar. Now you will get full statistics on RociFi protocol:

https://dappradar.com/polygon/defi/rocifi

✅ Get your Limited NFT on Quest3:
https://app.quest3.xyz/quest/689157959357383102