Project Name: Dygnify protocol Project Track: DeFi Team Name: Metropolitan Forex Team Member(s): 3 Dorahacks Project Link: Dygnify Protocol | Buidls | DoraHacks Project Website: https://dygnify.online Smart Contract links: Github Project Demo Video: Dygnify protocol - YouTube Project Info: On-chain SME lending. Dygnify is a provider of decentralised credit infrastructure for connecting digital asset (crypto) investors to investment opportunities linked to SMB economic activity. We have implemented a use case of a Credit Fund as a borrower, who in turn is aggregating/lending to small businesses. We believe access to decentralized finance can help solve the financial inclusion problem sustainably by bringing the following benefits:
For the borrowers –
a. Tapping global digital asset liquidity bringing sustainable lower-cost solution for emerging market borrowers.
b. Accessing Blockchain based on-chain borrowing, which is fast, secure and creates an immutable credit track record which can open the flood gates to capital.
For the investors –
a. Empowering any digital asset holder to become a lender, backing real-world economic activity.
b. Stable, sustainable yields (10-25%) delinked from crypto volatility.
Bienvenido a este S4, el detalle de su producto me parece interesante, es importante que las empresas puedan tener otras alternativas a nivel de financiación, sin tener que pasar por las entidades financieras de siempre, es un buen paso.
It is encouraging to see that there are alternative financing options available for SME other than traditional financial institutions. Your project seems to be a great way to enhance this innovation but my question is: what strategy will you deploy to ensure that the borrowers pay up for what they borrowed?
Thank you for considering our SME’s in this trying times. Can you come out with a USSD code for people who may have problem with internet connectivity?
Decentralized lending platform. Thats nice. Will there be a collateral system, where borrowers will have to show prove of collateral to be able to borrow from your platform.
And what measures are you going to put in place to ensure investor’s are not losing their hard earned money over bad debts.
Do u plan to use an insurance system?? Thank you and wishing you all the best