Sovryn

by Sovryn Foundation

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Compound

by Compound

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Credium

by Credium

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Sovryn

by Sovryn Foundation

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Compound

by Compound

4.5/5

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Credium

by Credium

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What problem does this service solve?

Sovryn aims to allow DeFi traders more opportunities to earn interest on their assets by leveraging Bitcoin's larger liquidity pool; as opposed to most DeFi solutions that are built on Ethereum.Compound lets users borrow or lend cryptocurrency and earn an interest rate.Credium is creating a blockchain-based credit database for the lending industry.

Token Stats

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Company Description

Sovryn is a decentralized exchange and derivatives market. It is a permisionless and non-custodial platform for earning interest on Bitcoin and other Bitcoin based currencies. Sovryn is built on the Bitcoin sidechain RSK, and hopes to advance the decentralized finance space by leveraging the larger market cap and liquidity pool of the Bitcoin ecosystem. Traders can trade, borrow, and lend bitcoin, USDT and RSK’s dollar on chain (DOC) stablecoin.

Compound is an Ethereum-based lending platform that allows DApps to easily monetize or borrow tokens. The Compound token is used to power a money lending market for crypto assets. Projects can earn interest on funds that are inactive. The Compound protocol adjusts money market interest rates based on asset-specific supply and demand. This allows users to exchange Ethereum assets without having to negotiate terms, rates, or technical requirements.

Credium wants to create a blockchain protocol that will be a database for the credit industry. They hope to use blockchain technology to reduce inefficiencies and increase transparency, while eliminating intermediaries.
The loan servicing and credit industry is hugely important in the United States. However, the difficulties in accessing credit worthiness, and the speculative nature of the industry, lead to inefficiencies.
Credium is launching a utility token called CDM that will be used on its platform.

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