ZKredit

Introducing ZKredit, a revolutionary approach to DeFi lending that seeks to redefine traditional trust mechanisms, eradicating the barriers that hinder many from accessing vital financial resources. Our vision encompasses a world where every individual, irrespective of their government credit score or financial history, has equitable access to financial resources. With ZKredit, your trustworthiness isn't just limited to collateral but extends to real-world credibility. Our trust system is possible by using Zero-Knowledge Proofs (ZK-proofs). As long as you meet our ZK-proof criteria, proving your unique human identity, you are eligible for uncollateralized loans, eliminating the need for hefty upfront capital or a pristine credit history. This model is especially transformative for individuals who have been historically sidelined from the lending ecosystem due to lack of borrowing capital, unfavorable government credit scores, or other financial setbacks. With ZKredit, financial inclusivity isn't just a vision, it's a reality. While our platform is designed to be accommodating from the outset, maintaining a consistent repayment history with us can unlock even more favorable loan terms. This ensures that as you grow with us, your borrowing experience only gets better. Every transaction and contract on ZKredit is transparent, ensuring fair terms and utmost security. With decentralization at its core, you're guaranteed confidentiality and protection against centralized data breaches. Step into a future with ZKredit, where genuine trustworthiness transcends beyond collaterals and traditional credit scores, opening up a world of financial possibilities for everyone.

At the core of ZKredit’s innovative approach is its strategic partnership with Sismo. By harnessing the power of Sismo's zero-knowledge proofs, borrowers can securely aggregate and selectively disclose personal data, all while maintaining their privacy. This synergy achieves two key outcomes: Eligibility Verification On-Chain: ZKredit uses Sismo to validate borrowers’ eligibility data directly on the blockchain, ensuring transparency and authenticity. Robust Sybil-Resistance: Leveraging Sismo Connect, an intuitive Single Sign-On (SSO) solution, ZKredit safely accesses previously untapped user data, adding an additional layer of protection against Sybil attacks. We use Sismo data groups to store credit scores along side their Sismo authentication, this credit score is increased when the borrower repays the loan on time and vice versa. But what's trust without functionality? Enter Compound III. We get a loan from Compound III Protocol and provide it with our own collateral from protocol's treasury. In a dynamic lending environment, real-time communication is key. That's where Push Protocol comes in. Dubbed as the communication lifeline of web3, Push Protocol facilitates: Cross-chain notifications ensuring that borrowers remain informed, no matter which blockchain they operate on. We track the health factor of the loan and notify user with on-chain message to pay. With ZKredit, borrowers aren't just participants; they're partners. Whether you're seeking an uncollateralized loan or trying to explore the expansive world of DeFi, ZKredit offers a doorway, underpinned by transparency, security, and innovation.