Evai.io: The Decentralized rating system DeFi deserves

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Evai.io: The Decentralized rating system DeFi deserves

CryptoSlate7 months ago
Published on August 27, 2020 07:02 GMT+0edited on August 27, 2020 07:13 GMT+0

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To achieve its goal of financial disruption, DeFi requires a decentralized rating protocol. Evai.io aims to provide such a system.

Decentralized finance (DeFi) is now considered blockchain’s killer app—responsible for unleashing billions in dormant potential. But as with any investment boom, the sector has its winners and losers. Without an unbiased, fit for purpose rating system embodying the decentralized nature of the sector it’s assessing, DeFi is doomed to fall for the same trappings as financial divisions before it.

DeFi is the crypto industry’s answer to the borrowing, lending, and other such interest-bearing practices of traditional finance. But unlike more conventional investment vehicles, DeFi is decentralized. This means that no central authority controls the …