RociFi (NFCS)

RociFi is the on-chain credit scoring and capital-efficient DeFi lending protocol on Polygon that allows borrowers to take fixed-term fixed-rate stablecoin loans with reduced collateral while gives lenders the possibility to earn interest from depositing their assets into lending pools.

Seed Funding Round: $2.7M

Whitepaper

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What is RociFi

RociFi is a decentralized zero and under-collateralized lending protocol.

The RociFi protocol leverages on-chain data, machine learning and decentralized identity data points, including Twitter and GitHub accounts, decentralized autonomous organization (DAO) participation and non-fungible token (NFT) ownership. RociFi relies on decentralized identity providers that use technology such as zero-knowledge proofs to only share pertinent user information.

Borrowers are assigned a non-fungible credit score (NFCS) ranging from 1 to 10 with lower scores representing lower risk. Users can burn the nontransferrable NFCS token and associated addresses at any time if they’re concerned about privacy or no longer want to use it.