Gora

Gora is teaming up with RociFi, to introduce decentralized credit scores to our oracle data feeds. This partnership will allow RociFi to provide its credit score data to Gora, which will make it possible for decentralized applications to access real-time Web3 credit scores on the blockchain.As we understand the critical importance of reliable and diverse data for the DeFi ecosystem, by incorporating RociFi’s Credit Score data feed, we empower DeFi and Web3 projects with enhanced risk assessment capabilities. The credit score data will enable better terms for borrowers, more capital-efficient lending, and greater trust throughout Web3.With this collaboration, RociFi becomes a new official data provider for Gora, paving the way for a new era of reliable and transparent data access in the DeFi space.Introducing RociFi — The Data SolutionRociFi is on a mission to redefine DeFi lending by introducing blockchain-native credit scores and reputational data; powering new use cases like customized lending terms and spam filtering for wallet-to-wallet communication platforms. Their novel approach analyzes users’ <a href="https://blog.roci.fi/semantics-of-rocifi-scoring-6d8ccab1cc06" rel="noopener noreferrer nofollow">on-chain history</a>, focusing on credit risk, fraud risk, and reputation risk. The result? A unique, non-transferrable NFCS (Non-Fungible Credit Score) that grants users access to better terms and perks across the RociFi ecosystem and DeFi.RociFi’s decentralized data solutions ensure trust and transparency, eliminating the risk of data manipulation and unauthorized access; opening up a new world of use cases from under-collateralized lending to trusted wallet-to-wallet communication.Advantages of RociFi’s Data Solutions<ol><li>Real-Time Data: RociFi’s advanced data collection mechanisms ensure that DeFi protocols receive real-time updates, enabling accurate decision-making and seamless operations.</li><li>Decentralized Data: RociFi’s data provisioning is decentralized, reducing the risk of single-point failures and enhancing the security of data feeds.</li><li>Highly Reliable: RociFi’s rigorous data verification processes ensure the highest level of reliability, preventing the dissemination of incorrect or misleading information.</li><li>Holistic Data Coverage: With access to data from various sources and networks, RociFi provides comprehensive coverage for a wide range of financial assets and blockchain metrics.</li><li>Immutable and Transparent: Data delivered by RociFi is immutable and transparent, ensuring that DeFi protocols can always verify the authenticity of the information they receive.</li></ol>With RociFi’s credit scoring data integrated into Gora, DeFi platforms can now better serve their users with lower borrow rates or higher loan-to-value ratios for well-rated borrowers. This revolutionary advancement will attract a new wave of users, including individuals and DAOs, who can access loans based on their on-chain creditworthiness.“We are excited to partner with Gora to provide our credit score data to the DeFi and Web3 ecosystem so that protocols can build new use cases that solve real-world problems,” said RociFi Labs CEO, Chris Brookins. “This partnership will make it possible for decentralized applications to access our real-time credit scores, improving the efficiency and transparency of the DeFi lending market.”Gora is Empowering DeFi with RociFi as Data Feed ProvidedThe collaboration between Gora and RociFi marks a significant step forward for the DeFi ecosystem. By integrating RociFi’s reliable data solutions, Gora reinforces its commitment to providing cutting-edge oracle services for DeFi protocols, contributing to the industry’s growth and stability.“We are pleased to welcome RociFi to the Gora Network,” said Gora CEO, Abdul Osman. “RociFi’s credit score data is a valuable resource for the DeFi ecosystem, and we are excited to make it available to our users.”Together, Gora and RociFi are bridging the gap between traditional finance and DeFi, making financial services more accessible and inclusive. By utilizing blockchain native credit scores, we aim to onboard the next billion users to the DeFi ecosystem, driving mainstream adoption and global financial inclusionThe “Credit Score” data feed in Gora, will open up new avenues for DeFi projects, driving innovation, and unleashing the full potential of blockchain technology.About RociFi:RociFi is a revolutionary DeFi primitive for on-chain credit scoring with over 900,000 credit scores served via API, 40,000 soulbound credit credential NFTs minted, and 5,500 capital-efficient loans facilitated.Discord: <a href="https://discord.com/invite/dq7cDETKxd" rel="noopener noreferrer nofollow">https://discord.com/invite/dq7cDETKxd</a>Twitter: <a href="https://twitter.com/rocifi" rel="noopener noreferrer nofollow">https://twitter.com/rocifi</a>About Gora:Gora is a leading Blockchain oracle platform that provides secure, reliable, and decentralized data feeds for DeFi protocols. With a mission to enable seamless data integration for smart contracts, Gora empowers DeFi projects to make data-driven decisions and unleash the full potential of decentralized finance.Stay tuned as we embark on this exciting journey towards a more inclusive, efficient, and secure DeFi landscape. Together, we are shaping the future of finance, one block at a time.For more information about Gora, visit our<a href="https://linktr.ee/goraclenetwork" rel="noopener noreferrer nofollow"> Linktree</a>.

Gora Partners with RociFi to Bring Decentralized Credit Scores to Blockchain

GoraNetwork

Other articles published on Aug 8, 2023

Cardano (ADA), Compound (COMP), Curve DAO (CRV) – Bow to VC Spectra’s Dominance

Bitcoin turns green as large whales make moves

PayPal’s New Stablecoin Under Scrutiny Before Launch: Ripple CTO Defends Security Feature

Dogecoin About To Send Price Ballistic If This One Key Metric Crosses Decisive Threshold, Warns A...

UK NCA Opens Roles for Crypto Investigators

Bitcoin Addresses Holding Coins Surpass All-Time Highs, Reflecting Growing Interest

Join our free newsletter for daily crypto updates!